commodity income/expense accounts?

Liz edodd at billiau.net
Fri Jan 23 02:25:50 EST 2015


On Thu, 22 Jan 2015 16:11:35 -0600
Edward Doolittle <edward.doolittle at gmail.com> wrote:

> Also, the tax man probably takes the point of view that any income
> has a "fair" monetary value that should be used to calculate his cut.
> For example, in Canada and probably in most other jurisdictions (if I
> understand correctly) even services bartered in lieu of cash payments
> (e.g., dentist looks at accountant's teeth for in exchange for
> accounting services (presumably not at the same time)) are taxable
> income.

Ditto for Australia.


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