24 Hour Authorizations: 919.469.5548 | BBE Office: 919.469.5538

Bartering for Health Expenses 101

Monday, November 14, 2016

Author: Maurya Lane
Comments: 0

Bartering has grown more sophisticated from the days when health and medical practitioners traded their products and services for livestock and vegetables.
 
Smart business owners are now joining barter exchanges to get new clients and offset their cash costs.
 
Established in 1994, the Barter Business Exchange, Inc. is the largest bartering network for business owners in North Carolina. 
 
Are you a business owner who provides health and medical services that needs more new clients?
 
Let your clients and patients pay for your services with BBE barter dollars through the Barter Business Exchange!
 
How it works:
 
In order to participate, business owners must join the BBE bartering network.
 
We refer new customers to your company.
 
The new customers we send to you will pay for your products and services with BBE barter dollars which you can use to purchase products and services from any of the other participating businesses in the bartering network.
 
We currently have over 1,000 active business listings in the BBE Marketplace, our state-of-the-art online business membership directory.  We have full-time Barter Brokers who can personally assist you with your barter needs and promote your business to the other businesses in the BBE bartering network. They also send out a daily broadcast emails that features new members, special offers, and businesses that what more barter business.
 
BBE also belongs to the International Reciprocal Trade Association / IRTA www.irta.com and the National Association of Trade Exchanges / NATE www.natebarter.com, the Barter Industry associations that educate and set the ethical standards for the barter exchanges that are accepted into their associations. 
 
Once you are a member of BBE, you can also trade nationally and globally with hundreds of established, reputable barter exchanges that belong to IRTA and NATE. 
 
Sellers follow simple instructions to record their barter sales via phone or online.  BBE records all products and services purchased and sold by your company on a monthly statement that can be accessed online 24/7 through our secured database. 
 
Participating in the BBE bartering network is as easy as having a second bank account. 
 
What types of health and medical businesses participate in the barter exchange?
 
BBE is constantly recruiting different business owners to join to help fulfill the needs of all of our members.
 
Health and medical services that we have in the BBE bartering network:
 

  • Acupuncture
  • Alternative Health Care
  • Body Treatments
  • Chiropractors
  • Contact Lenses
  • Counselors
  • Dentists
  • Doulas
  • Electronic Cigarettes
  • Golf
  • Gymnastics
  • Health Clubs
  • Health Spas
  • Hypnotherapists
  • Martial Arts Lessons
  • Massage Therapy
  • Nutritional Products
  • OB/GYN Doctors
  • Orthodontists
  • Optometrists
  • Pain Relief Products
  • Personal Fitness Trainers
  • Prescription Eye Glasses
  • Physical Therapists
  • Podiatrists
  • Primary Physicians
  • Pilates
  • Psychologists
  • Reiki
  • Rock Climbing
  • Swimming Pool Memberships
  • Horseback Riding
  • Sports Physicians
  • Weight Loss Products
  • Yoga
 
How do the members spend their BBE barter dollars?
 
Unlike the olden days of direct barter, the selling business owners do not have to buy products and services from the person they sold to.  Sellers can spend their BBE barter dollars to purchase products and services from any of the participating businesses in the BBE bartering network.
 
Typical products and services that health and medical providers purchase with BBE barter dollars to offset their cash expenditures:

  • Accounting & Payroll Services
  • Advertising
  • Alarm Systems & Maintenance
  • Animal Services & Vets
  • Arts & Entertainment
  • Business Products
  • Contractors
  • Computer, Internet & Website Services
  • Daycare & Track-out Programs
  • Health & Medical Services
  • Personal Care & Beauty Salons
  • Printing & Toner Cartridges
  • Office & House Cleaning
  • Restaurants & Catering Services
  • Retail Stores & Merchandise
  • Signs
  • Vehicle Repairs & Maintenance
 
Are there cash fees to participate?
 
BBE charges a 12.5% cash transaction fee on the gross value of all purchases and a monthly administrative fee of $15 cash and $15 barter.  Visit the BBE website at www.NCBARTER.com for details.
 
What are the tax advantages of bartering?
 
The Internal Revenue Service treats barter income just like cash income. The best tax advantage is to use the earned barter income to purchase the normal expenditures that are tax deductible. A Form 1099-B is issued to the IRS by BBE each year that summarizes the proceeds of all barter transactions (barter income).  
 
How do I join?
 
Please call the BBE office at (919) 469-5538 to have a representative come to your office to explain how BBE can help your business prosper.  Businesses owners are also welcome to visit the BBE office Monday through Friday from 9:00 am to 5:00 pm.
 
BBE is the bartering network for smart business owners!
 
Barter Business Exchange, Inc.
Maurya Lane, President
1125 Kildaire Farm Road, #205
Cary, NC 27513
(919) 469-5538
www.NCBARTER.com
 
 
 
 
 

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