Economic Impact of Tariffs How to Stay Proactive (and Organized) with QuickBooks
If you’re a small retail business owner, you’ve likely felt the pinch of rising costs—whether it’s inventory, shipping, or supplies. One of the biggest contributors? The economic impact of tariffs. These government-imposed taxes on imported goods can quickly disrupt your margins, especially if you rely on foreign-made products.
While you can’t control global trade policies—and no one is suggesting you need to become an expert in tariffs and economics—you can take steps to protect your business, your bottom line, and your sanity. Let’s walk through what you need to know about how to prepare for tariffs and how to stay proactive—especially when managing your books in QuickBooks.