In a digital age where the economy and the business industry are highly competitive, maintaining your own business can be really tough. You may have all the ideas necessary for your small business to do well, but you lack the financial resources needed for your plan of action to take shape.   How can a small-time entrepreneur with only limited cash generate revenue while being surrounded by business tycoons? This is where a viable alternative called Bartering comes into the picture.  

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.

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.

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.