Nationwide Accounting Services understands that paying· hourly fees for accounting services may be difficult, for new and small businesses. In some instances, Nationwide Accounting Services will provide accounting and tax return services in exchange for certain goods and/or services Barter or trade arrangements must be made in writing.

Our firm will consider accepting the following in exchange for accounting services. advertising, California land, antiques, political, or historical, memorabilia, stock in small corporations, construction remodeling services, use of office space in high quality buildings, high quality jewelry, and restaurant gift certificates. since our need for goods and services will vary over time, please call to discuss the barter of your goods and/or services for accounting and tax return services.

When goods or services are accepted in exchange for accounting and tax services, both parties exchange their services based upon the fair market value of the services provided. The IRS requires that the fair market value of goods and services traded must be included in the income of both parties.

Why We Barter for Accounting Services

We often accept bartered goods and services for accounting and tax return services because we want your business, and we know that you will save money if you can trade for our professional services. We don't want a temporary shortage of cash to prevent you from acquiring the services you require.

Barter Examples:

• A restaurant owner trades credit for monthly accounting services. Since his food cost is only 30% of the menu prices, the owner effectively receives a 70% discount on the accounting services provided.
• The owner of a lot, located in the desert, exchanges it for accounting and tax return services worth $2,000.
• The owner of a desert land parcel worth $30,000 barters it for $5,000 worth of accounting services plus a $25,000 note secured by a deed of trust.
• The owner of a desert land parcel worth $30,000 barters it for $5,000 worth of accounting services plus a $25,000 note secured by a deed of trust.
• A furniture store owner exchanges inventory for accounting and tax return services. Since the store owner's markup is 50%, he effectively saves 50% on his accounting services.
• A contractor, who is not working at full capacity. Barters his services in exchange for services.
• The owner of a fine jewelry store exchanges merchandise for accounting and tax return services. Since his actual cost is only 40% of retail, her accounting fees are effectively discounted by 60%
• An individual who inherits political memorabilia and antiques, barters some of them for accounting services.
• The owner of a successful business who wants to franchise it, trades corporate stock for the accounting services needed to franchise the business.
• The editor of a small local newspaper, who wants to start his own local newspaper, barters stock and advertising for help in raising the initial capital.
• The owner of buildings in Los Angeles exchanges empty office space for accounting and tax services.
• A closet design and installation contractor trades his services for accounting services and cash payment.
• The owners of a co-op direct advertising mailing franchise, exchanges advertising for billing and accounting services. Since his cost is 60% of retail, the effective cost of the services are reduced substantially.

Nationwide Accounting Services
818-991-9019