Tax Consultants


 


 

Starting a Game Business?  As a new business owner you need to know your Federal and State Tax responsibilities.   Before you decide to start your own game company, there is important information you need to know and decisions to make first.

 

MYTH #1:  “Well, I can always write off my losses each year if I don’t sell enough games.”

 

FALSE:  You cannot write off your Cost of Goods (COG) until the goods are SOLD!  You can, however, deduct for certain business expenses.

 

What new Business Owners need to know about taxes.

Is it a business or a hobby?

Selecting a Business Structure – Sole Proprietorship, Partnerships, LLC, etc

Employer Identification Number (EIN) – Do I need one and how do I get one?

Business Taxes

Recordkeeping

Accounting method requirements

 

These and many more questions can be explored by calling Ben Calhoun at Cal-Co Tax & Financial Services – (916) 630-0635.  Email me at: calcotax@sbcglobal.net

 

One-time consultation or Tax Preparation Services Available.  Call or email for details. 

 

 

Ben Calhoun

(916) 630-0635

Registered Tax Preparer – CTEC-A037837

IRS e-file registered #684797



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