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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.
If you need help with your ecommerce accounting, sales tax, inventory management, CFO, or other accounting related issues, let us know. |
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1. [READ] The Big Beautiful Bill and Ecommerce |
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There are so many changes to business with the recently passed Big Beautiful Bill.
Key Changes for ecommerce businesses include:
- End of De Minimis
- Improved tax deductions
- Better 1099 reporting
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- A total of 21 nations have been sent letters with new tariff rates.
- Rates range between 20-40% and set to begin August 1.
- No extensions expected beyond August 1 start date.
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3. [WATCH] Cut Business Costs the Smart Way: What to Slash, What to Keep |
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Feeling the squeeze from rising costs and shrinking margins? This video breaks down how to cut business costs without sacrificing growth or making panic moves.
- A 4-part framework for smart, strategic cost cutting
- Where most ecommerce sellers are wasting profit
- What to slash, what to optimize, and what to protect
- 2 quick wins that can unlock margin fast
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[READ] De Minimis Exemption Ends 2027 |
- The Big Beautiful Bill kills the $800 duty-free loophole on July 1 2027.
- China drove 76% of de minimis parcels
- Non-compliant entries face $5k fine to begin, $10k for repeat fines
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[READ] Tax Bill Changes 1099 Reporting Thresholds |
- 1099-NEC/MISC threshold jumps from $600 to $2,000 in 2026 and inflation-indexed starting in 2027.
- 1099-K again triggers only above $20,000 and 200 transactions, retroactive to 2022.
- Overall, the burden of annual 1099 reporting should go down with these changes.
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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. 😊 |
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You Don't Want to Do Your Accounting... But We Do! |
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Here's how we can help: |
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