During the COVID-19 pandemic, many small businesses may find bartering for goods and services instead of paying cash is beneficial for them.
Bartering for Goods and Services is a Taxable Transaction
Tag: bartering
Bartering: Beneficial Transactions but Taxable Income
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.