| "I'll Install your Electricity if you Give Me Five | | | | tremendous growth in broker networks and |
| Laptops"! | | | | barter organizations as the slow economy causes |
| So you're having trouble finding the cash to pay | | | | a rush in the barter economy! |
| for that new plumber? What about all those new | | | | "Even in modern times, bartering remains a |
| office supplies that you must have in order to | | | | practical choice for small businesses. It's a cash |
| increase efficiency? It's rough times out there, but | | | | preservation tool, something that's especially |
| there's a way to get what you need by bartering- | | | | useful in a tough economy." writes Justin Martin |
| exchanging for something a supplier needs and | | | | from Fortune Small Business Magazine. "It can also |
| getting paid in trade! | | | | help move unsold inventory or put idled staff to |
| According to the International Reciprocal Trade | | | | work. Done right, bartering can even drive new |
| Association about half a million small businesses | | | | cash business." |
| exchange over $10 billion in sales each year using | | | | But, don't think that just because there isn't any |
| commercial barter exchanges. Bartering, the trade | | | | cash involved means you can't be taxed on it! |
| of goods and services without the exchange of | | | | Bartering income needs to be reported to the |
| money, is becoming the go-to survival method for | | | | IRS, as the result of a barter transaction is |
| businesses during rough economic times. | | | | considered a sale. To find out more about the |
| The concept of bartering has been around for | | | | required tax forms, check out "Proceeds from |
| years and years, but with today's technology it is | | | | Broker and Barter Exchanges Transactions". |
| incredibly easy to get in on the action. There is | | | | What have you bartered for lately? |