Posts tagged as:

Barter

Barter is Green for Excess Inventory and Time

by Lynnea Bylund on March 20, 2019

Cash-strapped businesses must make every dollar count. Excess inventory is a drain on resources as is idle unbilled time. Increasingly companies are turning to barter as a way to boost sales by converting excess goods and capacity into something that can be used for business. And they’re doing it while saving precious cash for those […]

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Tax Deductions from Barter Transactions?

by Lynnea Bylund on March 13, 2012 · 1 comment

Have you been considering bartering lately because of the tightness of money? If so, have you given any thought to the correct tax treatment of bartered transactions? Although the Internal Revenue Service has a “Bartering Tax Center” on its website, after a cursory reading of the half dozen webpages devoted to its tax treatment, you […]

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Barter is Back in Style, says CNN

by Lynnea Bylund on September 25, 2011

The slowing economy and a digital marketplace have put bartering back in style, super-charging a billion a year industry, as CNN-Money reports in Bartering, an Economic Hotspot

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Using Barter in Business

by Lynnea Bylund on July 29, 2011 · 3 comments

When you are growing your business, you can’t avoid running short of cash. The demand and expenses increases as your business is developing, so you may need more and more cash to uplift your business status. The barter system for getting goods and services dates back many centuries. In most cultures the barter system was […]

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Decentralized Barter Currency Gaining Traction

by Lynnea Bylund on June 6, 2011 · 2 comments

Source: Catalyst House In 2006 Douglas Rushkoff, when asked The Edge Question, “What is the most dangerous idea?,” replied, “open source currency.” Well now a new P2P digital currency, called Bitcoin, may provide the ideal medium to engage in commerce outside the official economy and  — it’s decentralized, anonymous, and its supply is moderated by a mathematical formula to […]

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Does Your Business Barter? Don’t Forget The Tax man

by Lynnea Bylund on April 18, 2011

We recently received an e-mail – one of a series of regular releases the IRS sends to tax lawyers, accountants and certified tax preparers.  This one asked “Do you barter?” The IRS’s view of barter. The IRS begins with a simple explanation. Barter is exchanging one product or service for another, whether informally and one-on-one […]

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