January 19, 2016
by Bob Meyer, Editor of BarterNews
Want You To Know...When you sign up to receive the
FREE weekly Tuesday Report announcement your e-mail address
will never be sold, traded, or given to another party.
Note: We receive e-mails from people who have signed up
for the Tuesday Report, and then tell us they’re not
receiving our weekly announcement. In most cases this is because
they’re blocking unwanted e-mails.
ensure that our weekly Tuesday Report e-mail announcement
reaches your mail box, we suggest you add
to your address book or safe sender list.
If you are a frequent visitor to our site we suggest
you hit the "refresh" button from time to time as we add information
to our site several times a week
From the desk of Bob Meyer...
back issues of "From the Desk..." can be accessed by
free to forward our newsletter to your friends and
colleagues. We have a "box" at the end of the
newsletter for your convenience.
See you next week...)
IRTA President’s Message — 2015 & Beyond
In 2015, both
IRTA and UC have seen exceptional growth, continually improved
financials and IRTA has reached important milestones as an advocate
for the barter industry. IRTA and UC exceeded revenue goals and
anticipate substantial growth this year. With the new customized
software system, UC will continue to enhance collaboration and
inter-trade opportunities for the barter industry.
behalf of the IRTA Board of Directors, I want to give special thanks
to Ron Whitney, Patty Weston and the team at BPS Technology for
their diligence and hard work to achieve the launch of the first
software platform fully customized for UC. They will continue to
improve and enhance the system and welcome your input!
IRTA website has been redesigned to modernize the site and maximize
internet SEO. The new website will be released in January of 2016.
Also, the IRTA Bylaws have been rewritten and modernized to reflect
current best practice and the final version will be presented for
board approval in January 2016.
In January of 2015, IRTA
obtained a favorable IRS Private Letter Ruling, which stated that as
a pass-through entity UC does not have to provide 1099B's to UC
member exchanges, based on the fact that to do so would represent
duplicate 1099ing of the same barter transaction. The guidance IRTA
has derived from UC's PLR confirms IRTA's long held position that
barter exchanges do not have to submit 1099B's in direct reciprocal
situations since both barter exchange participants in a direct
reciprocal arrangement are in fact acting "as the clearinghouse
between two barter exchanges to effect sales on behalf of their
IRTA also assisted Connecticut legal
counsel in obtaining a favorable ruling from the Connecticut Bar
Association to allow state attorneys to participate in barter
exchanges subject to reasonable parameters. This issue has come up
in other jurisdictions in recent years and IRTA has successfully
made the case for legal firms to continue to participate as members
in the barter industry.
IRTA has continued to advocate for
the barter industry on new state financial regulations concerning
Money Transmitters as a result of the rise of crypto-currencies and
the potential impact on other complementary currencies including
barter/trade currencies. We recently formed a "Money Transmitter
Regulations Committee" with industry experts to monitor proposed
crypto-currency regulations and intervene as necessary to protect
the barter industry. The second major goal of the committee is to
issue an IRTA Advisory Memo on crypto-currency/money transmitter
matters to the industry in the first quarter of 2016.
need the assistance of members outside the U.S. to advise us if they
are facing similar financial regulations, so that IRTA and the
Committee can address issues that might impact you and the industry
The Complementary Economics Foundation (CEF)
obtained its 501c3 tax-exempt status from the IRS in July of 2015.
The Foundations primary mission is to educate and build awareness of
all sectors of the industry including; barter exchanges, corporate
barter, countertrade and complementary currency systems. The
foundation will officially launch in the first quarter of 2016 to
help all sectors of our industry to grow and thrive. Contact CEF to
make your cash or trade donations, www.ce-fdn.org.
IRTA entered into a consulting agreement with the International
Islamic Trade Finance Corporation (ITFC) to provide a report
including recommendations for the development of a multi-tiered
barter system for OIC countries. Meetings were held at the ITFC
headquarters in November and again in December of 2015 in Jeddah,
Saudi Arabia as part of phase one of the project. The report was
delivered by IRTA to the ITFC on December 22, 2015. We look forward
to working further with the ITFC to support the establishment of
trade initiatives in the region.
The Strategic Planning &
Business Development Department of the Government of Dubai has
expressed similar interest so momentum is building. IRTA has
provided them with a comprehensive report on "Barter Industry
Sectors & Supporting Reference Materials" and is coordinating a
visit to the U.S. for March of 2016.
Our goals in 2016 are
to continue to grow the memberships of IRTA and UC and to
materialize the opportunities in front of us that will improve and
expand our great industry. The Board of Directors will meet in late
March for its annual two day planning meeting to evaluate and set
the next steps and goals for IRTA and UC. Stay tuned for updates and
upcoming news about the 2016 convention. We are working on new and
more diversified seminar and workshop content for the next
Your input and participation is always
appreciated. Best wishes for success in the New Year!
Annette RiggsPresident, IRTA & UC
BarterNews.com — World's Largest
Hundreds of valuable articles,
techniques, and strategies are found in the following various barter
Offset & Countertrade,
Restaurant & Entertainment
Categories are found on the horizontal bar at the top - 3rd
button from right.)
SAVE This Date!
The National Association of Trade Exchanges has announced the
date of their 32nd annual convention as May 1 thru 3, 2015 at the
Tropicana, Las Vegas. More details will follow when they become
Money-Making Reports Available From BarterNews
Is Your Trade Exchange Missing Out On
Valuable New Business?
your barter company's listing on BarterNews.com isn't current, you
are definitely missing out on new business. The web site
BarterNews.com receives heavy traffic - with over 150,000 page-views
every month. Entrepreneurs and corporate executives check the
thousands of articles, the weekly "Tuesday
Report," and the "Contacts
Section" of our site. They use the latter to find barter
companies with which to do business.
Is your barter company's listing up-to-date?
To keep your listing current is very easy. See the links below to (A)
update any changes to your company's listing, such as new location,
phone number, web site or other information, and (B) if your company
has not been listed.
Here's how to get on board:
make changes to your listing
Steps For Greater Barter Success
a personal visit to the exchange’s office and get to know your trade
broker, so you can develop a close working relationship. Be sure to
have your broker visit you at your establishment, so as to have a
better understanding of what you have to offer.
→ Call your
broker for updates. They are your best source for finding new
products and services. Be sure to read your monthly newsletter for
new ideas and other details.
→ Focus on using your trade
account for business purposes, especially those ongoing long-term
needs. Take action to get such purchases lined up for the year.
→ Get to know other members of the exchange. They are looking for
the same thing you are — new trading business! They want to expand
their business as much as they can, and they realize the exchange
opens a window of opportunity for new business.
your trade exchange’s breakfast, luncheon, and dinner meetings.
Every function (auctions, mixers, fairs) will provide you with value
... a new contact, another idea, excitement, and motivation.
How To Get More Sales In
Our street-smart restaurant
marketing report shows proven ways to rapidly boost your
restaurant's sales & profits.
The Growth and Use of Secondary
Capital (New Money) Creates Unprecedented Wealth In Today's New Age
There are many forms of secondary
capital — which can be defined as any financial instrument that
measures and communicates value in a common language. Would you like
to see and learn more about the many forms of secondary capital?
We have 70 free, informative and
inspiring, articles for you in our "Secondary Capital Section."
Check it out...
Get New Money-Making Ideas And
obtain useful, informative ideas and contacts in every available
back-issue of BarterNews.
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
We welcome your
comments, questions, and observations.
Copyright BarterNews 2015. Redistribution of BarterNews
content expressly prohibited without the prior written permission of BarterNews.