|
|
|
Whether you've been reading since our first newsletter in 2023 or this is your first edition, we hope this has been beneficial. Share it with a friend or reply with any feedback. We hope to continue to make this a valuable resource to all who subscribe.
If you need help with your ecommerce accounting, sales tax, inventory management, or other accounting related issues, let us know. |
|
|
|
|
|
|
|
|
1. [LISTEN] Tariffs 101 |
|
Thinking about tariffs? You’re not alone.
In this episode of The Ecommerce Finance Podcast, we break down recent tariff changes, compliance strategies, and what ecommerce sellers need to know to avoid costly mistakes.
Here’s what you’ll learn:
-
What the de minimis rule is and how recent changes impact ecommerce sellers.
-
Who is responsible for classifying imports and the risks of getting it wrong.
-
How duty drawbacks can help you recover import costs.
-
Why tariff engineering is a strategy some businesses use to lower costs.
-
Best practices to stay compliant and avoid fines.
|
|
|
|
|
|
|
|
|
Unlock the secrets to better inventory management and financial success in this expert-led webinar with LedgerGurus and Finale Inventory.
What you’ll learn:
-
How inventory affects your financial statements and overall business performance.
-
The role of tracking, valuation, and automation in optimizing inventory management.
-
When and why to integrate an Inventory Management System (IMS) with accounting tools like Finale and QuickBooks.
-
Practical strategies to streamline operations and improve profitability.
|
|
|
|
|
|
|
3. [READ] What To Know About Reciprocal Tariffs |
-
Trump to announce reciprocal tariffs: The White House expects Trump to unveil tariffs matching foreign duties on U.S. goods, potentially increasing inflation.
-
Three tariff approaches considered: Options include country-level reciprocity, product-specific tariffs, or broader rules including non-tariff barriers like VATs.
-
Economic impact & inflation risk: Economists warn tariffs could raise U.S. import costs, contributing to inflation and complicating Fed interest rate decisions.
|
|
|
|
|
|
|
|
|
[READ] What Businesses Need to Know About U.S.-China Tariffs and the End of De Minimis |
-
New 10% China tariff – Trump imposed a 10% tariff on nearly all Chinese imports, effective February 4, 2025, with limited exceptions.
-
De Minimis policy flip – The exemption for low-value Chinese imports was reinstated on February 7 to allow for enforcement preparation, and may be removed again soon.
-
Compliance changes – If de minimis ends, businesses must file formal or informal entries (Entry Type 11), increasing costs, delays, and administrative burdens.
|
|
|
|
|
|
|
We'd love to know what you think about this newsletter. Love it? Hate it? How can we improve it?
Reply to this email and let us know. 😊 |
|
|
|
|
|
|
You Don't Want to Do Your Accounting... But We Do! |
|
Here's how we can help: |
|
|
|
|
|
