Elite Barter Group

Barter exchange for Kansas City businesses.

Elite Barter Group manages a private currency for businesses called trade or elite dollars. The major benefit of using trade dollars is more cash is kept in the business. Instead of spending cash, member businesses use their online account to spend trade dollars. Trade dollars work just like cash in that you can earn from any number of member businesses and spend it when any number of different businesses. The end result of doing business this way is that member businesses are getting what they need at their own costs instead of paying full retail. Here's a quick example. In March, an accountant spends $1000 trade dollars on printing for marketing material. In January, the electrician and photographer spent $500 trade dollars each for accounting work. The accountant got $1000 worth of printing by paying for it with $1000 of accounting work to other member businesses. The printer might have used the trade dollars for logoed shirts, alarm monitoring, etc.Everyone gets what they need at their own costs without a single direct trade or having to find a trading partner who needs the same value in products/services in return. Everything is managed through online accounts along with monthly statements on trade activity and year end 1099-b's sent to the IRS. The tax reporting makes this transparent and legal. Trade dollars spend on business expenses also act as a deduction making this a wash for tax purposes. Give a call to see how you can start saving money today.