What Income is Taxable? Are you wondering if there’s a hard and fast rule about what income is taxable and what income is not taxable? The quick answer is that all income is taxable unless the law specifically excludes it. But as you might have guessed, there’s more to it than that. Taxable income includes […]
Many small business owners do not understand that barter currency is recognized by the Internal Revenue Service. Many also do not realize that they are required to report all barter income, whether it is earned through a barter exchange or through a one-off barter deal; but that’s another post. Today I want to share with
How Barter Currency Can Positively Impact Your Business Finances Read More »
At BASC Expertise we provide a variety of services including payroll and bookkeeping to our clients so they can focus on their core business. Here are money saving resources for Phoenix area business owners:
Money Saving Resources for Business Owners Read More »
One way that business owners increase cashflow is through trade, commonly known as barter. By trading your products, services or expertise with other companies, you can free up cash flow and get the products, services or expertise you need. However it’s important to understand that whether you participate in trade either through “direct trade,” i.e.,
Get Your Business “Tax Neutral” with Trade (Barter) Dollars Read More »
In the 1800’s, barter was commonplace as people would pay the town grocer, the town doctor or the town barber with chickens or vegetables that they had grown on their farm. The problem was this system was inequitable. The doctor’s service was paid for with whatever the patient had on hand at the time, irrelevant
How to grow your business with barter Read More »
