As a game developer basically doing everything on my own, I wanted to know what kind of options there are for building software out of pocket. Can I write off paying artists as an expense? Or is that Payroll? If I buy some 3D work from someone, is that an asset, IE can I write off the cost? Can I write off IDE Software costs? What about web hosting space?
This book is the first tax reference meant for game developers and by a game developer who happens to be a licensed tax professional (Enrolled Agent) and written in a manner that people who make and play games understand. Topics include:
-How to pick a business entity
-Working with foreign business partners and contractors
-Tax impacts on how you get funding for your game
-Common and uncommon deductions
-R&D credit and other benefits for development costs
-How you treat things like computers, consoles, and other dev tools
And much more!As a game developer basically doing everything on my own, I wanted to know what kind of options there are for building software out of pocket. Can I write off paying artists as an expense? Or is that Payroll? If I buy some 3D work from someone, is that an asset, IE can I write off the cost? Can I write off IDE Software costs? What about web hosting space?
And much more!