ALL Income & Tax

What Income goes into business?

One of us or both of us need to make a separate bank account to keep business money in. I'ts important that we keep the business money separate from any personal earnings.

What percentage goes to us(personal)?

I'm not bothered about this until the game is finished and selling.
though when we do early merchandise for marketing we can talk about cheeky payments then.

LEGAL DUTY
It's a legal requirement for us to keep clear money books for tax and division. So we must keep this forum updated both online/PC/ and on paper.
(These sorts of documents have to be kept for 6 years - but we may have finished the business by then, who knows.)

NOTES

★ Anything with a SIGNATURE and DATE on becomes a LEGAL DOCUMENT.
★ Make a new post for ANY site we are using that involves money.
★ Make a new post for ANY cash in hand interactions related to the game. (We should try and avoid offline transitions)

The Tax Law is always changing so we need to keep on top of this.

TAX LAW UK

TAX LAW USA

PURPOSE


NOTES


DATES/RECEIPTS/EARNINGS/DONATIONS


EXCEL DOCUMENT LINK(S)
So we can keep updating it.