Reddit reviews The Definitive Guide to Taxes for Indie Game Developers
We found 2 Reddit comments about The Definitive Guide to Taxes for Indie Game Developers. Here are the top ones, ranked by their Reddit score.
There was a book on amazon about inde game development taxes. I picked it up(it's free with kindle unlimited, 5 for kindle) meaning to read it but haven't gotten around to it.
It seems like a good read but ultimately I do agree with getting an accountant, one less thing you don't have to worry about.
I think it's worth understanding your state's laws. Legal zoom costs some amount of money, and they'll keep costing you. I took the time to understand the laws for creating an LLC (1 day), and got it set up in another 1 day, and the cost was $150 total, just for the submission fee to my state. I just renewed it again a few months ago for $125. If you go with somebody like legal zoom, they're going to keep bleeding you when the renewing and whatnot comes around, and charge you another $500, and so on.
I found this book to be quite helpful regarding taxes in the US, though it's a little dated now
https://www.amazon.com/Definitive-Guide-Taxes-Indie-Developers-ebook/dp/B0197G82MK/ref=sr_1_10?ie=UTF8&qid=1524772796&sr=8-10&keywords=indie+game+business
It's interesting stuff anyway. You need to understand about how you'll pay taxes for the year on a quarterly basis and all that. Declare what your taxes will be for the year, and so on.
It's a bit rote, but if you are seriously considering launching a game and making money from it, ie forming your own business, you need to really understand what all there is to running a business. You can't just ignore it and stick to only doing the game stuff.
If you're not even thinking about releasing a game, you can't really be sued for anything, so don't worry about it