|
|
|
1. [READ] CBP launches first of 2 tariff refund expansions
|
- CBP now accepts additional refund claims for unreconciled IEEPA tariff entries through CAPE.
- Phase 1 change covers certain entries marked for later adjustment, as long as they are either unliquidated or have been liquidated within 80 days of the declaration filing date
- The second phase, which could come in late July, will include functionality for processing finally liquidated entries
- After both phases, 95% of affected tariff entries could qualify for refunds.
|
|
|
|
|
|
|
- Online U.S. retail spend grew about 9.3% year over year during Amazon's Prime Day (June 23-26)
- Buy now, pay later orders jumped 9.5% compared to last year, accounting for 6.6% of online orders
- To compare, Prime Day spending was $26.4 billion versus $32.4 billion during Thanksgiving to Cyber Monday last year
|
|
|
|
|
|
|
|
[READ] Small-Business Tax Rates Explained: A 2026 Guide |
|
Here is a good primer (or refresher) on business taxes cover questions:
- What tax rates apply to your business?
- How are pass-through and corporate tax rates different?
- Does your tax bracket apply to all of your income?
- Can you reduce your tax rate?
- What are marginal and effective tax rates?
|
|
|
|
|
|
[READ] The Data-Center Boom Is Sparking a Third Wave of Inflation |
- 81% of economists expect AI build-out to increase inflation over the next year before productivity gains emerge.
- Data centers could drive nearly half of U.S. power demand growth through 2030, raising electricity costs.
- Wholesale electronic components and accessories was up 27% from a year earlier last month.
|
|
|
|
|
|
|
|
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: |
|
|
|
|
|
|
