About Barter
Bartering is the exchanging of goods or services without using cash money. Perfect for individuals, small and large businesses. Barter currently accounts for nearly $700 billion annually in world commerce and this number is going daily! Use barter to prosper during a recession!
Grow your business by gaining new customers to utilize either your services or products. All the businesses in our exchange want to spend their trade dollars so why not with you? These businesses are potential new customers for you.
Our company allows you to sell your products and services at full retail value! Meaning, you don’t have to discount your items including discontinued and aging inventory.
When you become our member you can sell your products and services to other members who in turn pay you in trade dollars which are directly deposited into your SBC online secure account. You will use your trade dollars to make purchases allowing you to keep your cash. With over 700 members in Georgia and over 50,000 Worldwide there are plenty of things you can spend your trade dollars on, such as: residential and commercial cleaning and landscaping services, travel, painting, web design, direct mail, advertising, gym memberships, restaurants, gifts, virtual assistants, salons, and much more!
Barter Benefits:
- Boost Sales – including new cash sales
- Move Surplus Inventory
- Generate new business
- Acquire goods, services, and luxuries and appreciating assets without spending cash
- Alternate financing
- Recession Proof
- Save cash and cut over head costs
Why Barter with SBC:
- Let us become your sales force
- Email blast members of the entire exchange allowing you another form of advertising
- We assist in helping you fill vacant time (including that vacation rental) and aging product or inventory
- We send daily emails selling your product and promoting them as well
- We provide a FREE listing in our membership directory
- We provide FREE multiple listings in our online barter store and online auction
- We plan and execute trade shows for members to promote and display their goods and services
- We host 3 monthly networking events where potential members and members can network with like-minded business members and acquire new referrals. As a bonus, as a member you may choose to host one of our networking events at your place of business increasing exposure to your business.
- We provide local and national exposure to 700 businesses in Georgia and over 50,000 worldwide!
What the IRS says about barter:
Bartering is the trading of one product or service for another. Usually there is no exchange of cash. Barter may take place on an informal one-on-one basis between individuals and businesses, or it can take place on a third party basis through a modern barter exchange company.
Bartering is the most ancient form of commerce. While our ancestors may have exchanged eggs for corn, today you can barter computer services for auto repair.
Another example of a one-on-one, non-barter exchange transaction is a plumber doing repair work for a dentist in exchange for dental services. The fair market value of the goods and services exchanged must be reported as income by both parties.
Here are a few things you should know about bartering:
- Barter Exchange A barter exchange functions primarily as the organizer of a marketplace where members buy and sell products and services among themselves. Whether this activity operates out of a physical office or is internet based, a barter exchange is generally required to issue Form 1099-B, Proceeds from Broker and Barter Exchange Transactions, annually to their clients or members and to the IRS.
- Barter Income Barter dollars or trade dollars are identical to real dollars for tax reporting. If you conduct any direct barter - barter for another’s products or services - you will have to repo rt the fair market value of the products or services you received on your tax return.
- Taxes Income from bartering is taxable in the year it is performed. You may be subject to liabilities for income tax, self-employment tax, employment tax, or excise tax. Your barter activities may result in ordinary business income, capital gains or capital losses, or you may have a nondeductible personal loss.
- Reporting The rules for reporting barter transactions may vary depending on which form of bartering takes place. Generally, you report this type of business income on Form 1040, Schedule C Profit or Loss from Business, or other business returns such as Form 1065 for Partnerships, Form 1120 for Corporations, or Form 1120-S for Small Business Corporations.
For more information type “Barter” in the search box on the IRS.gov homepage.
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