Название: The Definitive Guide to Taxes for Indie Game Developers, Second Edition
Автор: Rachel Presser
Издательство: CRC Press
Год: 2023
Страниц: 321
Язык: английский
Формат: pdf (true)
Размер: 10.2 MB

Indie developers and other people who work on games for a living face all kinds of interesting income tax and small business formation issues that more traditional businesses simply don’t: not being geographically bound, relying on alternative funding, long periods of time with no income, and having multiple options for tax treatment of game development costs. The Definitive Guide to Taxes for Indie Game Developers addresses the income tax issues that the average indie game developer is most likely to encounter, in the context of the American Internal Revenue Code and types of taxes.

Written by a former tax law practitioner turned game developer and industry consultant with a decade of tax and accounting experience, this newly revised Second Edition includes key provisions of the 2018 tax reform, such as the new qualified business income deduction, R&D credit expansion, and permanent reduction to corporate income taxes. In-depth explanations and examples are provided along with references to Tax Court and Supreme Court cases relevant to each tax benefit.

Regardless, personal income taxes and business income taxes have differing rules, even though it doesn’t seem that way at first; think about how C++ and C# have similarities but execute differently. That’s basically how business and personal income taxes can be, at a glance. In short, income taxes are based on how much income was generated. We’re going to spend plenty of time later exploring the numerous ways to strategize paying less income tax at both the top-down level and as situations arise during the tax year, but that’s the basic gist.

Key Features:

- Includes authoritative sources with relevant IRS publications, Revenue Rulings, and Tax Court cases
- Features easy to read, accessible, and humorous language: No legalese!
- Approaches how business decisions as an indie developer affect personal finances

Readers will gain a thorough understanding of taxation’s role in managing a game studio of any size and going indie with any lifestyle. The accompanying companion website is a valuable resource that is annually updated to keep current on any tax reforms.