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 taxable income. And if you exchange services with another business, the transaction results in taxable income
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Jul 10, 2019
Bartering: A taxable transaction even if your business exchanges no cash
- By Ellenbogen
- Business, Taxes
- 0 Comments
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