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  • Added for You - Is Internet Bartering Right for Your Business?

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    In Canada there are strict rules around trading your labour or stock. When you own the business, all bartered goods and services must be claimed as "capital gains". You have to claim the va
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    Do you have extra stock or unbilled hours on your hands? Would you like to turn it into corporate gifts, travel, or services for your business? Well you can – quickly and easily - with the help of Internet-based barter networks. But is it really the best option for you?

    What is bartering?
    Small business owners barter all the time. It’s simple to make an exchange of copywriting skills for web design, or bookkeeping services for radio airtime, and it happens on a daily basis.

    But what if you have something that James needs for his business and you don’t currently require his services? Well, you can look for a third person who has something you are interested in, and who does need James’ time, or you can bank his hours for later, but after a while keeping track gets complicated.

    And don’t forget the tax man
    In Canada there are strict rules around trading your labour or stock. When you own the business, all bartered goods and services must be claimed as "capital gains". You have to claim the val

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    ed barter networks. But is it really the best option for you?

    What is bartering?
    Small business owners barter all the time. It’s simple to make an exchange of copywriting skills for web design, or bookkeeping services for radio airtime, and it happens on a daily basis.

    But what if you have something that James needs for his business and you don’t currently require his services? Well, you can look for a third person who has something you are interested in, and who does need James’ time, or you can bank his hours for later, but after a while keeping track gets complicated.

    And don’t forget the tax man
    In Canada there are strict rules around trading your labour or stock. When you own the business, all bartered goods and services must be claimed as "capital gains". You have to claim the va

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    n, or bookkeeping services for radio airtime, and it happens on a daily basis.

    But what if you have something that James needs for his business and you don’t currently require his services? Well, you can look for a third person who has something you are interested in, and who does need James’ time, or you can bank his hours for later, but after a while keeping track gets complicated.

    And don’t forget the tax man
    In Canada there are strict rules around trading your labour or stock. When you own the business, all bartered goods and services must be claimed as "capital gains". You have to claim the va

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    look for a third person who has something you are interested in, and who does need James’ time, or you can bank his hours for later, but after a while keeping track gets complicated.

    And don’t forget the tax man
    In Canada there are strict rules around trading your labour or stock. When you own the business, all bartered goods and services must be claimed as "capital gains". You have to claim the va

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    tax man
    In Canada there are strict rules around trading your labour or stock. When you own the business, all bartered goods and services must be claimed as "capital gains". You have to claim the value of the item bartered as if you sold them to a stranger. Additionally, you are responsible for collecting and remitting any GST that would apply to a cash sale of that amount.

    Internet bartering makes it easy
    Not only does technology make it simple enough to track what has been exchanged, it also makes it easy to find people who are looking for items or who have surplus – around the globe and around the clock! So now if you want to trade those spare umbrellas for a hotel stay in Sydney, Australia during a conference, you can!

    What kinds of businesses benefit most?
    Bartering works best when your business is margin-driven - when you sell services or specialty items where production costs are a (relatively) low percentage of the ticket price. You’ll do much better than businesses that rely on

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