Aside from the obvious benefits of donating our time and money to a cause we believe in, there are tax benefits as well. What most people don't realize is how to offer a larger contribution without using money at all.
Bartering your excess time or inventory and donating some of that credit is a great way to keep more of your money instead of giving it to Uncle Sam needlessly. I'm not saying that taxes are all bad, I'm saying we get the chance to keep more of our money depending on how many expenses we have for that tax year. We get the opportunity to write-off losses, list expenses and contributions and it's all legal. This applies to all small business & entrepreneurs as well as large corporations.
Many Tradia® Members have taken advantage of this concept. Some members donate large sums of Tradia® Dollars to various 501c3 corporations and the IRS allows a dollar-for-dollar contribution if you use barter dollars from a legitimate barter / trade exchange system. This is one of the many advantages of maintaining a barter account with a trade exchange.
A small hotel chain could barter unsold rooms accumulating Tradia® Dollars into their Tradia® account. As a separate transaction, that same hotel chain can make a charitable contribution and list the entire amount on their tax records. The hotel fills several empty rooms, finds new clients and uses some of the barter currency to help a charity bringing more good media exposure to the hotel chain. Everyone wins and it is all made possible due to the trade exchange and a hotel with more empty rooms than they would wish for. Barter allows the hotel to fill empty rooms as they see fit.
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