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March 29, 2011

Written by Bob Meyer, Editor of BarterNews

Dear Tuesday Report Readers,

This is to announce that Mr. Bob Meyer will be taking a health-sabbatical (from this report) for the month of March.

We will be posting various Tuesday Reports from the month of March from various years!  Please enjoy.

We value your readership and look forward to continuing this publication in April, and for many years to come.

Thank you for your patience and understanding.

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March 27, 2001

Written by Bob Meyer, Editor of BarterNews

BarterNet Affiliates Put Up Big Numbers In 2000

Eric Jeck, CEO of BarterNet Corporation, announced that the 26 trade exchanges around the world that they consolidating generated some $231million in transactions last year.

According to Jeck, the revenue represented one side of the trade transaction. BarterNet calculated the "selling side" to arrive at the figure. (Some barter companies double the gross revenue -- both buys and sells -- when reporting revenue.)

BarterNet,, has affiliate offices in the U.S., Canada, Europe, and Australia. Some 48,500 active members traded across the network last year, with the average member bartering $4,760 worth of goods and services.

3-Year Economic Downturn In Argentina Sees Many Using Barter To Survive

Since 1991, Argentina's peso has been wrestling with economic problems--one of which is an incredible 21% sales tax! Many have found that barter is the way around such taxes and the economic slowdown. Since 1995 that has been an enormous increase in the use of barter, both through organized barter clubs as well as direct trading activity.

Analysts estimate the goods/services traded each month is in the millions and growing. And well it should with unemployment pointing to 15% and one-third of Argentina's 36 million people mired in poverty.

An estimated 320,000 people have joined some 400 barter clubs. Done a bit differently than other countries, Argentina's traders meet in vacant lots about the size of 4 football fields and set up row after row of wooden tables.

It's much like U.S. garage sales...only no money changes hands. Everyone comes to barter just about anything they can like canned food for electrical repairs, a bicycle for the services of a plumber, or garden tomatoes for children's clothing.

Lawyers, carpenters and laid-off bricklayers show up for these weekly barter sessions. And a commuter bus line offers transportation in exchange for having vehicles painted. Even hoteliers are getting in on the action--obtaining sheets and cleaning supplies in exchange for lodging.

For readers of Spanish, take a look at their online efforts,

Separating Company BarterFrom Personal Barter

Many business owners join a trade exchange to enhance their lifestyle. When doing so, however, there is a way which eliminates any possible tax questions.

A personal sub-account with a separate ID in the name of one or more business owners, partners, stock holders, or employees will receive monthly statements. Sub-accounts are commission free, as commissions are paid by the "parent" account holder.

A Sub-Account Establishes Your Personal Account

By using your company's main account for corporate expenses and establishing a personal sub-account, you will automatically keep the two types of purchases on separate statements--thereby simplifying record keeping.

You can set up a sub-account by calling your trade broker. The IRS has made one thing perfectly clear: trade dollar income, whether personal or corporate, is the same as cash taxable income. It should be reported dollar-for-dollar in the year it is credited to a barter account.

Personal barter income can fall into any of the following categories:

  • Wages
  • Bonus, commission, incentive awards
  • Expense reimbursement
  • Draw against future income or personal loan
Keep in mind that when trade dollars are labeled wages, anyone paid as an employee (including yourself) needs to have normal withholding taken out of trade dollar income, and the dollar amount should be added to the W-2.

It is illegal to compensate individuals as independent contractors (and report income on a 1099 Form) unless the increasingly strict criteria is met.

Since one person cannot receive both a W-2 and a 1099 from your company, even bonuses, commissions, or prize money paid to anyone who also receives a salary are subject to withholding and get reported on the W-2.

Here And There. . .

  • The National Association of Trade Exchanges (NATE) has scheduled its annual convention, titled Barter at the Beach, for April 19-21 at the Wyndham Hotel in Miami Beach. For further information see their web site at
  • BigVine, a service of AllBusiness is about to become AllBusiness Barter.
  • European barter company Efficio, established in 1995, has announced the first Pan-American bartering platform,
  • Ever wonder how many small businesses there are in the United States? According to an IRS press release the figure is 45 million. To obtain more tax information go to and then look for "Small Business and Self Employed Community."
  • Argent Atwood, a corporate barter company based in NYC, has agreed to invest in a Mexico City engineering and construction company, to help construct a 10-plant petrochemical complex in that country.
    In exchange Atwood will receive, no doubt, the output from the plant—products like styrene and polyethylene for making packaging and fibers. Both are commodities which the corporate barter company can use to acquire boxing materials, for use in their fulfillment efforts.
  • Despite all the doom and gloom about the stock market, the fact is that if you put $2,000 in the market in 1950 (S&P index fund) and let it sit, today you would have $1.2 million. (If you put the same $2,000 in bonds in 1950 you would have $25,000 today!)

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Is Your Trade Exchange Missing Out On Valuable New Business?

If your barter company�s listing on isn�t current, you are definitely missing out on new business. The web site 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:

To make changes to your listing click here.

For new listings click here.


25 Years Of BarterNews Issues Now In Digital Format

Welcome to the largest repository of barter contacts, strategies, and barter techniques in the world. All 64 issues of BarterNews now available in digital format at

         International visitors look for BARTER CONTACTS in our Global Barter Section. If YOUR exchange isn�t listed see the forms on the lower left of the page. (Click here.)

         Attention trade exchange owners...thousands of visitors every month visit our BARTER CONTACTS section on our web site where we have names & addresses of barter companies in the USA. If YOUR exchange isn�t listed, or the information is incorrect, you can correct the situation by using the forms to the lower left of the USA map. (Click here.) 

Click here

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