Crowdfunding Tax
As many industry experts point-out, businesses “pre-selling” products
via rewards-based crowdfunding need to recognize the fact they may incur
sales tax at the end of the campaign. To avoid any spring surprises,
calculate your taxes and incorporate them into your campaign’s budget.
To help in this respect, some portals offer users tax guides (ie. Kickstarter and Indiegogo).
Although such guides offer good advice, it’s still best to consult a
financial adviser before launching a crowdfunding campaign.
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