Does your business barter? Here are some facts you should know In today’s economy, many small businesses are strapped for cash. They may find it beneficial to barter or trade for goods and services instead of paying cash for them. The problem with bartering is it is...
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
bartering
Bartering is Taxable Income
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...
Bitcoin – Not for Avoiding Taxes
BITCOIN TRANSACTIONS ARE TAXABLE BITCOIN HAS BECOME THE RAGE IN THE PAST FEW MONTHS BY THE SO-CALLED ASSET PROTECTION INDUSTRY. THERE HAVE BEEN CLAIMS THAT THIS CRYPTOCURRENCY CANNOT BE DETECTED BY GOVERNMENTS AND TRANSACTIONS ARE NOT TAXABLE. NOT TRUE! Under the...
