Archives for Tips of the Trade

Wooden cubes with numbers "2018" with tax forms and calculator on the table. Business concept. Pay tax in 2018 year.

What You Should Know About Taxes & Transactions

Barter is a widely accepted and proven marketing and business management tool. Barter transactions, like cash sales, are taxable and must be reported as income to the IRS. When you receive and spend trade dollars, there are income tax consequences just as though you were using cash.

The Barter Company is a legal third-party record-keeper on par with banks, credit card companies, and other such custodians of taxpayer financial records.

The Barter Company has a responsibility imposed by law to provide the Internal Revenue Service with information on the barter income of each of our clients for the calendar year. We do this on a Form 1099-B, “Proceeds from Broker and Barter Exchange Transactions.” You, as the taxpayer, are required by law to give The Barter Company your Taxpayer Identification Number (either your Employer Identification Number or your Social Security Number), which we need to prepare Form 1099-B. The IRS matches that number to either your business or personal name for accurate reporting.

Below are some of the most commonly asked questions regarding barter and taxes.

* Are there any tax advantages or disadvantages to barter? No. You should view barter income, as you would cash income. Barter is a marketing and business management tool, not a tax strategy or tool. Generally speaking, as with cash income, business-related barter purchases are deductible and, conversely, your barter income (sales) and business deductions (purchases) should be accounted for separately on your tax return.

* What constitutes income in barter transactions? Barter income accrues to you or your business when trade dollars are posted to your account, property or services are received, cash is received, or scrip is issued to you as part of a barter transaction.

* In what year are trade dollars taxable? The Internal Revenue Service has ruled that trade dollars earned from your barter sales should be included as income for the tax year in which they are credited to your account.

* How do I know how much barter income to include in my tax return? At year-end, The Barter Company will compute the proceeds from your barter sales and submit this information to the Internal Revenue on Form 1099-B. The Barter Company will also give you a copy of this form or some equivalent documentation. Be sure to include the barter income listed on Form 1099-B in your total income when filing your tax return.

If you have any questions, please give us a call at (770) 591-4343.

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Set Yourself Up For New Year Success

small biz successIt’s not too late to start prepping your business for new year success! Small business owners take this time to evaluate their accomplishments and set the course for what’s ahead.

Every small business has a slightly different end of year checklist. That said there is definitely a common thread that runs throughout. Some of these items may seem obvious but you’d be surprised how many are overlooked. While small they’re still very important and they can make all the difference for accomplishing your goals in 2018.

Here are four small things you can do to prepare your small business for the new year. (

 1. Organize your booksFirst and foremost you need to get the logistics out of the way. At the top of your list should be your books. Hopefully you’ve been setting enough money aside each month to pay your taxes. If not, then you’re in trouble. Either way you need to get everything prepared for the good old Uncle Sam.

Make sure you take the time to carefully examine all your financial reports and really take this time to evaluate your progress. If you had trouble getting your books in order then you may make it a goal of yours to keep better track of your finances next year.

One pro tip I can give you is that you may want to consider using an online payments solution with invoicing and expense management functionality. That way you can automate your bookkeeping and focus more on growing your business.

2. Reflect with your team

The end of the year should really be a time for reflection. If you’re like most small business owners the majority of your day is spent in your own head grinding on making your business thrive. Often times this results in the owners missing out on valuable feedback and time spent with their staff.

As things wind down for the holidays make sure you take the time to reflect with your team. Setup one on one chats as well as a group discussion to gather feedback. Make sure every single person has a chance to provide input. This will make for a stronger more engaged team in the long run.

3. Prepare for growth

Growth is typically on the top of the list for every small business owner. However many of them don’t actually take the necessary steps to make that happen. As the year comes to an end this is the time to really set the stage for growth.

Think about where your business is lacking and what efforts produce the biggest return on investment. This also may be the time when you decide to cut a few employees loose. It’s never easy but if you want to be able to move the company forward you need to do what’s necessary.

4. Upgrade your technology

For better or for worse we’re living in the time of constant innovation. Good news is there’s a ton of new technology every single year that can benefit your business. Bad news is that it means you have to replace your old systems with new ones.

If you have the time you should run a quick check to see if you’re up to speed on the latest technologies available. Here are a few tools you may want to checkout before going into the new year:

  • Slack provides seamless and affordable team communication. I highly recommend this to any startup or team.
  • Dropbox is great for file-sharing and recently released Dropbox papers which provides a Google Drive style collaboration tool.
  • Buffer is great for social media marketing as it lets you schedule posts from your social accounts.
  • Calendar is a fantastic tool for scheduling and managing your time.

Final Thoughts

Out with the old in with the new. With 2018 here it’s time to check those last few items off the list so you can start the new year with a bang. If your a small business owner make sure to do these four small things before wrapping up the year!


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How to Offer Health Benefits to Employees Without Spending Cash

Many business owners are finding themselves unable to continue to offer health benefits to employees. Some may even be looking to stipend employees versus offer a company-wide plan. Well, here at TBC we have the perfect answer for business owners who want to offer these benefits to their valued employees, but want to save cash in the meantime – BARTER! Through their barter accounts, our clients offer “subaccounts” to employees so they have access to neccessary health services while still being provided the privacy of their own account. We have many clients  in the healthcare industry that barter their services so that everyone wins. And we are growing everyday!

Here are some of the types of medical we offer:

– Dental/orthodontics

– Oral Surgery

– Optical

– General medicine

– Women’s health

– Holistic practice

– Chiropractic

– Mental health

– Fitness and nutritional programs

– Internal medicine

– Allergy testing

– Hypnotherapy, Reike, Massage therapy

For more information on how you and your employees can get access to wonderful healthcare providers, click here. You will be so glad you did!

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Fall Home Maintenance & Cleaning Checklist


Check out these helpful Fall home maintenance tips courtesy of

Before the weather grows colder it’s important to prepare for the winter months to prevent costly damage. Below are the fall preventative home maintenance steps that every homeowner should follow.

Gutters and Downspouts

  • Clean gutters and downspouts frequently throughout fall to prevent build up of leaves and other debris. Neglected gutters can lead to wood rot problems and pest infestations, not to mention ruined gutters.
  • Be sure water is not coming down behind gutters and that all support brackets are securely in place.
  • Ensure that water drains properly and doesn’t pool. Pooling can cause damage to foundations, driveways, and walkways.

Windows and Doors

  • Change summer screens to cool weather storm windows and doors.
  • Inspect and repair any loose or damaged window or door frames.
  • Install weather stripping or caulking around windows and doors to prevent drafts and to lower heating bills.

Heating Systems

  • Replace the filter in your furnace.
  • Consider having a heating professional check your heating system to ensure optimal performance and discover minor problems before they turn into costly major repairs.
  • Clean your ducts to better your heating system’s efficiency as well as to reduce household dust and to provide relief to those with respiratory problems.


  • To prevent pipes freezing and bursting, ensure that the pipes are well insulated.
  • Know how to locate and turn off the water shut-off valve in case pipes do freeze.

Chimney and Fireplace

  • Call a professional in to inspect and clean your chimney. Fireplaces that are regularly used during the season should have an annual cleaning to prevent dangerous chimney fires.
  • Test your fireplace flue for a tight seal when closed.

Attic ventilation

  • Be sure attic insulation doesn’t cover vents in the eaves to prevent winter ice dams on the roof.
  • Be sure ridge vents and vents at eaves are free of plants and debris.
  • Check bird and rodent screens for attic vents to prevent any unwanted guests.

Landscape and Yardwork

  • Although grass appears to stop growing in the fall, the roots are actually growing deeper to prepare for winter. Now is the best time to fertilize and reseed your lawn.
  • Prune your trees and shrubs after the leaves turn to encourage healthy growth.
  • Trim any tree limbs that are dangerously close to power lines or the roof of your house. Heavy snow and ice can cause damage in the winter.
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Fall is in the Air


Fall is upon us and TBC has what you need to get your home and yard ready! 

For business contact info on these services and more ideas, call us at (770) 591-4343.

– landscaping/lawn maintenance

– pressure washing

– gutter cleaning

– chimney cleaning

– window cleaning

– carpet cleaning and MORE!

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Plan a Wedding, Birthday Party, Block Party & More on Barter!


Planning a wedding or other event? Call us before you book anything and put more cash in your wallet. We have everything you need to make your party a fun, memorable experience! Call us for more ideas and to start planning today at (770) 591-4343.

  • balloons
  • catering
  • flowers
  • tents
  • tables & chairs
  • linens
  • jewelry
  • sunglasses
  • bounce houses
  • photo booth
  • DJs
  • videographer/photographer
  • limos and more!
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mothers day

Make Mom Feel Special This Mother’s Day

Mother’s Day is just around the corner and everyone’s thinking what gift to give their mothers. It’s that time of the year again when people search for items that their mothers will love as they celebrate this special occasion. The Barter Company makes it easy to find the perfect gift to make mom feel special! Come shop our showroom and pick up certificates this week. For more ideas, call (770) 591-4343.

  • Jewelry
  • Clothing
  • Sunglasses
  • Massage Certificates
  • Salon & Spa Certificates
  • Home Decor


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Finding Innovative Ways to Manage Company Cash Flow

Finding Innovative Ways to Manage Company Cash Flow picOne of the most difficult parts of running a business is managing money. Every organization experiences the pain of being cash strapped at some point in its history. Whether it’s during the start-up phase, slow seasonal months, or increased competition, all businesses must continually keep a close eye on cash flow. Some business owners are quick to borrow when needing an infusion of cash. However, this isn’t always the best answer and with lending still tight, there are fewer options available.


If you’re concerned about your business experiencing constant financial ups-and-downs, you should examine your organization’s cash flow. Start by setting up a budget – daily, weekly or monthly – to track company expenses and revenue. Taking the time to focus on budgeting and cash flow is time well spent. A smart business owner is constantly monitoring cash flow and looking for ways to save cash and increase revenue.


Here are some ideas to think about when managing your company’s cash flow.

  • Accounts receivable. Are your customers paying on time? Make sure you don’t allow customer payments to “float” too long. In fact, it might benefit your cash flow to offer a discount of 2 or 3% for customers who pay early.
  • New business. It’s usually more cost effective to increase existing customer business than to attract new customers. However, many industries experience turnover in their customer base which requires them to always be looking for new business. In that case, maximize referrals, marketing, and promotion to help new customers find you.
  • Reduce expenses. Administrative costs should be the first place to look for cutting expenses. Is there a more cost-effective alternative to providing the basic operations of your company? Find new vendors or share expenses with another business.

Another way, often overlooked by financial experts, to conserve cash is to add barter to your payment system. By using a reputable business-to-business (B2B) trade exchange, you can pay for company expenses in barter dollars instead of cash. For example, a restaurant needs a new sign but the sign company needs a legal contract. By using a digital barter network of round robin trading, each business gets what they need and doesn’t have any outlay of cash. The Barter Company can answer any questions you have about adding barter to your payment system.


For more information about managing cash flow, check out this blog post from the Small Business Administration:



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The Rotisserie Shop 4th of July Menu

The Rotisserie Shop 

If you haven’t tried our picnic packages yet, now’s the time!

Our Picnic Packages feed 4 people and you’ll have the choice of one meat, three 16 oz. sides, a one gallon beverage, and one dessert, starting at $35!

Items are also available a la cart. For full pricing and more information visit our website at!

Call us for your catering needs or for reservations at (678) 540-8244

Keep in mind that we’ll be open on July 4th, until 4 o’clock, for pickups.

2615 George Busbee Pkwy
Kennesaw, GA 30144
Accepts Barter Card 
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Tips to Help Your Small Business Stay Warm During the “Summer Slow Down”

summer slow down

As most business owners come to expect, traffic tends to slow down in the Summer. The “Summer slow down” can be especially hurtful to small businesses, but don’t let this tempt you into taking the season of as well! Use this time to focus on getting your “house keeping” in order and improve on different practices to get yourself, and your business, ready for the Fall. Here are some ideas to get you started:

Give Your Website a Makeover (can be small or major)

If you don’t have an established website, now is the time to do it! Even if you do, every website needs some refreshing so take this time to make sure your online presence is where it should be and that your Google tools are working to your best advantage. Google is constantly changing how they do things so this is also a great time to read up on the latest and greatest SEO tips. Check out these basic steps to making a Google-friendly siteIf you’re a bit more savvy, try these Google secrets to improving your website. 

Update Your Social Media Profiles

Make sure your personal accounts are updated with latest skills, contacts, clients, testimonials, etc. Take some time to review and update your bio and experience areas. For your business pages, make sure you have clear call-to-action buttons so that prospective customers can connect with you.

Reach Out to Your Best Clients/Customers

Many small businesses depend on referrals and keeping in touch with longtime customers can really impact your reputation. Make a quick phone call, plan a lunch meeting or simply drop in to say hello and thank them for their business. Summer is a great time to reconnect and having a conversation might give you valuable insight on important ways to grow your business.

Learn a New Skill

If you’ve always wanted to really understand SEO, marketing automation, website coding or any other skill to help you be a better business owner, look for online or offline courses from your industry association, vendors or local adult education programs. There are also tons of free MeetUps available in all areas and they are great learning groups that typically meet during lunch time. You can even use these meetings as great networking opportunities.

Review Your Finances

Set aside some time each week to focus on the present and future of the business. Discover how you can speed up payments or cut costs. Use this time to also do some strategic planning and look towards big-picture planning for your business.

Set Aside Time For Yourself

You are probably used to working long hours and putting all of your energy into the business, but everyone needs time to rest, relax and regroup. This is a wonderful time to recharge so you can stay focused and motivated throughout the remainder of the year. Whether you take two weeks or two days, time for yourself is essential to your physical and mental health. A simple change of scenery can help your creative juices flow, too. Everyone else is on vacation, so take some time for you!


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