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Top 3

1. [LISTEN] Shopify Plus Changes & Deep Dive into Sales Tax Complexity

• Businesses must migrate to new tax engines on Shopify Plus by April 30, 2025. 

• Understand what determines sales tax nexus and when to registration.

• The 3 key factors of calculating sales tax: where, who, and what.

2. [READ] What Holiday Sales Mean for 2025

• Retail sales grew 5.6% in December, with full-year core sales rising 2.8% to $7.4 trillion. 

• Lower-income households face challenges from inflation, while wealthier consumers drive discretionary spending. 

• Ecommerce sales surged over 10% in December, but physical retail remains crucial post-pandemic. 

3. [READ] Corporate Transparency Act (CTA) Still Blocked Despite Supreme Court Decision

• CTA enforcement remains blocked despite a Supreme Court ruling due to a separate nationwide injunction. 

• FinCEN confirms compliance isn’t mandatory while the injunction is in effect, but voluntary filings are allowed. 

• CTA requires reporting of Beneficial Ownership Information now and when it changes.

In Other News

[READ] Trump Just Gave His Clearest Picture Yet of What New Tariffs Could Look Like

• Focus is on pharmaceuticals, semiconductors, and steel, aiming to pressure companies to manufacture in the U.S. 

• Trump proposes 25% tariffs on Mexico and Canada, 10-60% on China, and 10-20% on all other imports. 

• The new US Treasury Secretary prefers starting at 2.5% and increasing gradually. 

[READ] Top 5 for 2025: Retailer Resolutions and Forecast for the New Year

Bain & Company forecasts 10% non-store retail growth in 2025 with these top recommendations: 

• Earn your spot atop consumers’ shopping lists.

• Win hearts to win wallets.

• Modernize your supply chain for resilience.

• Reimagine cost efficiency with tech and AI.

• Turbocharge beyond-trade profits.

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