BUSINESS BRIEF - GREATER KITSAP CHAMBER
July 21, 2022
One


Chamber Weekly Survey
How important to your business is revenue
from visitors and tourism?
(Please choose one answer)
Very Important Year-Round
Very Important in the Summer
Somewhat Important
Not Important
Irrelevant to my business
*Survey questions are run for 2 weeks to capture all of our readers.
The Greater Kitsap Chamber is committed to learning how best
to serve our business membership and community. Your participation
in poll questions like these help us to work better for you! 
Click here for the most recent
county data reported by
Two

An Entrepreneur's Guide to Winning at E-Commerce
Courtesy of Entrepreneur Magazine, and brought to you by Entrepreneur Partner Studio Staff

Over the last several years, businesses of all sizes and in many different industries have realized that e-commerce is a critical component to success in this new era of business. Just last year, global e-commerce sales grew by nearly 17 percent compared to the previous year. During that period, e-commerce accounted for approximately 20 percent of all retail sales worldwide1. That represents a massive opportunity.
Three

How Can the Chamber
of Commerce Help
Your Business?
Member or not, what is it you need in your business? What are you missing? What direction do you want to take over the next year? What can the chamber take off your plate?

We all have more than we can handle these days. We’re doing more with less, trying to figure out how we will pay for our necessities as prices skyrocket. What if there was something the chamber could do to take something off your plate, to help you do more with less time? Whether you are a small or large business, wouldn’t that be great? Who couldn’t use a helpful partner in your success?

That partner is waiting. You just need to do one thing first to enrich that partnership.
Four

New 1099-K Reporting Rules Complicate
Small-Business Taxes
Published in Inc.

Tax season is getting more complicated for the smallest businesses.

The minimal reporting threshold for peer-to-peer payment platform transactions has decreased from $20,000 (or 200 transactions) to just $600 because of a provision in the American Rescue Plan Act of 2021. That means that businesses that use platforms like Venmo, Cash App, PayPal, and even storefronts like Etsy and eBay can expect to receive 1099-K forms for the 2022. To be clear, businesses have always been obligated to report their income to the IRS -- but this new law may open up more businesses to audits if they don't correctly report their earnings.

Five

July Membership Luncheon & Education Carnival
There are still a few spots left to host a carnival booth! Contact
the Chamber to sign up now. We are also still collecting items
for our silent auction - participate now!
Contact Us
Bremerton Office (360) 479-3579 | 4th & Pacific Downtown Bremerton
Silverdale Office (360) 692-6800 | Kitsap Mall next to Macy's
PO Box 1218 Silverdale WA 98383
If you need assistance, please contact us directly.