Re:Costs of running a macOS app studio business
by groby_b on Sunday December 24, 2023 @06:16PM
(#38757988)
FWIW: For your non-profit work, I'd recommend charging full price as donation if your tax jurisdiction allows this.
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Re:Costs of running a macOS app studio business
by ChrisMarshallNY on Sunday December 24, 2023 @06:40PM
(#38758128)
Sadly, it does not. We're not allowed to declare "sweat equity."
If I was able to declare it, I'd never pay a dime in taxes.
I have heard that Steve Kamen, who wrote the "I Love New York" jingle, gave full rights to the state, and never has to pay state taxes. I haven't found anything that corroborates this, but it could very well be true.
The work I do, is for a demographic that tends to be ignored. I doubt there's any tax breaks, headed my way.