Monday, January 7, 2013

BARTERING/TRADE PRODUCES NEW BUSINESS

Member businesses agree to take payment in “trade dollars” instead of cash. Using trade dollars earned, a company can purchase goods or services that they need, without the cash on hand. While there are no tax advantages or disadvantages to bartering, barter income is treated the same as cash income.

Bartering produces new business, allowing companies to expand their markets and maintain their cash-paying customer base at the same time - all while getting valuable and sometimes costly repairs or services conducted by professionals.

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