As a public, do we need to be more cautious of the traded value services in which we engage? According to Inc. columnist, Norm Brodsky, eliminating the use of currency can lead to, well… problems!
The article is written in a Q&A format, with Brodsky’s responses being somewhat different than I envisioned; not so much here about the strong-arm tactics of IRS Agents, such as we found in “The Secrets of Clayton County.” He spoke instead of using bartered services which were not necessarily of significant value, accounting problems, serious impact on cash flow.
Brodsky does not entirely skirt the IRS issue, cautioning readers about the penalties and interests possible if the transactions are not reported and later discovered by taxing authorities, and wisely noting circumstances in which bartering might be exactly the course of action to take.
What is your take on this issue? Or are you sitting silently by, waiting for the next book in the series, The Secrets of Clayton County, to see the character you might have been?
Don Wooldridge | Author