Trade, Barter and IRS (2018)

Barter income is taxable to your business (services performed, or products sold) in the year in which it is realized. The income from bartering activity is recorded in the same way as other forms of income on the appropriate tax return for your type of business.

Read more »

How to Barter

There are a lot of reasons to join in barter. You can use bartering to cut costs with your small business or to lessen personal expenses. If you’re a handyman, you can trade services with a construction supply owner. Each person is still getting paid for their work, in a sense, and it can lead to referrals and cash-carrying customers without costing a penny.

Read more »

When to Barter

Businesses have been trading services for centuries, and given the unstable economy, many new business owners today are opting for this thrifty way to expand or regenerate their businesses without dipping into cash reserves.

Read more »

Why Barter?

Businesses are continually looking for new opportunities to draw additional customers to their products or services. Bartering networks address this goal while reducing cash expenses and increasing cash flow. For centuries people exchanged goods and services with a barter system; but it has been only during the last couple of years that so much importance has been placed on joining a trade/barter exchange.

Read more »

The History of Barter

If you have swapped an unneeded wallet or handbag with a friend in return for, say, an attractive sweater, you have bartered. Bartering, the exchanging of goods or services, was used long before any currency was invented. Its recorded history goes all the way back to 6000 BC introduced by the tribes of Mesopotamia and spread to the Phoenicians who bartered goods at city ports around the Mediterranean.

Read more »