Bartering is a taxable transaction even if no money changes hands

By |2020-07-21T21:56:17+00:00July 21st, 2020|Categories: COVID 19, News, Tax Planning|Tags: , , , , , |

During the COVID-19 pandemic, many small businesses are strapped for cash. They may find it beneficial to barter for goods and services instead of paying cash for them. If your business gets involved in bartering, remember that the fair market value of goods that you receive in bartering is taxable income. In addition, if you [...]