Description: Founder of CTX Club, Jacques uses his barter expertise to provide resources and articles that will give you information on what barter is, tips and videos.
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.