Even If No Money Changes Hands, Bartering is a Taxable Transaction

During the COVID-19 pandemic, many small businesses are strapped for cash. They may find it beneficial to barter for goods and services instead of paying cash for them. If your business gets involved in bartering, remember that the fair [...]

By |2020-07-20T13:15:30-04:00July 20th, 2020|Categories: Blog, COVID-19, Small Business Services, Tax|Tags: , , , , |Comments Off on Even If No Money Changes Hands, Bartering is a Taxable Transaction

Bartering: A Taxable Transaction Even If Your Business Exchanges No Cash

Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering, be aware that the fair market value of goods that you receive in bartering is [...]

By |2019-10-17T12:55:12-04:00July 1st, 2019|Categories: Blog, Tax|Tags: |Comments Off on Bartering: A Taxable Transaction Even If Your Business Exchanges No Cash