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Growing without Debt, IEEPA Tariff Refunds, Inventory Webinar
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In this week's edition: an exploration of growing an ecommerce business without debt, insights on IEEPA tariff refunds, the latest on Shopify's integrations with ChatGPT, and more.


If you need help with your ecommerce accounting, sales tax, inventory management, CFO, or other accounting related issues, let us know.

Top 3

1. [LISTEN] Growing without Debt: Insights from House of Joppa

Growing a without debt is challenging and yet…


House of Joppa is experiencing solid growth and profit all without taking on debt

  • Listen to the latest episode of the Ecommerce Finance Podcast where House of Joppa built a multimillion‑dollar ecommerce brand by funding inventory exclusively through cash flow, not debt.
  • Why intentionally low inventory, stockouts, and supplier terms can reduce risk and improve long‑term ecommerce profitability.
  • Lessons from growing slower, staying disciplined with cash, and prioritizing sustainability over speed in physical‑product businesses.

2. [LISTEN] Your Tariff Refund Checklist

This Operators podcast episode is one of the best deep dives on tariffs since the Supreme Court ruled IEEPA tariffs to be unconstitutional.

  • IEEPA tariff refunds plus interest are expected, but timing is uncertain
  • Expect refunds to go through Customs and Border Patrol's ACE portal
  • While IEEPA tariffs are gone, others remain in force and expect ongoing tariff volatility

3. [WEBINAR]  5 Reasons Profit Lies Hidden in Inventory

If your revenue is strong but profit feels unpredictable, your inventory data may be the real issue.

  • How to test whether your margins are reliable
  • Where operational gaps distort profit
  • When spreadsheets break and what to do next

In Other News

[READ] CBP is working on 4-step tariff refund process

  • Refund system includes claim submission, mass processing, liquidation, and payout phases
  • CBP targeting refunds within 45 days, citing tech limitations delaying immediate compliance
  • System recalculates duties excluding IEEPA tariffs and adds interest before issuing refunds

[READ] Shopify says purchases are coming ‘inside ChatGPT’ through agentic storefronts as OpenAI retreats on Instant Checkout

  • Coming later this month to all stores, Shopify will make products discoverable and purchasable in ChatGPT
  • Orders will flow through Shopify Payments, keeping reporting, cash flow, and operations centralized
  • OpenAI is scaling back Instant Checkout, prioritizing product discovery over in-chat transaction completion

[READ] Fed votes to hold rates steady, notes ‘uncertain’ impacts from Iran war

  • Interest rates unchanged at 3.5–3.75% as inflation remains stubbornly high
  • Oil shocks from Iran war pushing inflation expectations higher
  • Rate cuts delayed despite solid GDP growth

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