The Definitive Guide to Taxes for Indie Game Developers

Indie developers and game professionals face unique income tax and small business formation challenges. This guide provides insights and examples to help them navigate tax issues effectively, including provisions of the 2018 tax reform.

Format: Hardback
Length: 310 pages
Publication date: 13 March 2023
Publisher: Taylor & Francis Ltd

Indie developers and other individuals involved in the game industry face unique challenges when it comes to income tax and small business formation. Unlike traditional businesses, they are not geographically bound, rely on alternative funding sources, often experience long periods of time with no income, and have multiple options for tax treatment of game development costs. This comprehensive guide, The Definitive Guide to Taxes for Indie Game Developers, aims to address these issues and provide a clear understanding of the tax implications for indie game developers in the United States. Written by a former tax law practitioner turned game developer and industry consultant with a decade of tax and accounting experience, this second edition of the guide 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. Key features of the guide include: Authoritative sources: The guide includes authoritative sources with relevant IRS publications, Revenue Rulings, and Tax Court cases, ensuring that readers have access to the most up-to-date information. Easy to read: The guide is written in easy-to-read, accessible, and humorous language, avoiding the use of legalese that can be confusing for non-tax professionals. Approaches business decisions: The guide approaches tax considerations as an indie developer from a business perspective, helping readers understand how their business decisions affect their personal finances. Valuable resource: The accompanying companion website is a valuable resource that is annually updated to keep current on any tax reforms. It provides additional information, examples, and resources to help indie game developers navigate the tax landscape effectively. By understanding the tax implications of their work, indie developers can make informed decisions about their business operations and optimize their tax strategies. Whether you are just starting out in the game industry or have been developing games for years, The Definitive Guide to Taxes for Indie Game Developers is a must-read for anyone looking to succeed in the competitive world of indie game development.

Weight: 750g
Dimension: 229 x 152 (mm)
ISBN-13: 9781032371856
Edition number: 2 ed