Re:I'm not good enough to work on open source software
by SirDinosaur on Thursday March 22, 2012 @06:38PM
(#3742403)
Awesome, thanks for the suggestion. Do you suppose the accounting could also be automated, with help from an accountant, as part of the system that facilitates exchanges? My current thinking is to create a system that can be used by anyone, not just those within a single collective.
Missing from the above description are people involved in barter economies. There are several barter economy systems in the UK. The UK tax collectors (HM Revenue and Customs) are clear: barter trades can be taxable.
Suggestion: Find an accountant that would like to work as part of a co-operative. The collective either has one big joint account (like a business) or lots of individual accounts - either way good accounting will legally minimise tax burden and help with other stuff.