Wednesday, June 24, 2015

No Need To Close Etabs at Month-End

With the upcoming reporting changes expected for the July tax return, some organizations, distributors, and manufacturers are questioning the need to close your etabs at the end of June.

CG Made Easy is NOT recommending or requesting any closure of etabs at the end of June for any purpose related to the accounting or reporting of games.

The only change on the tax return beginning in July of 2015 related to etabs is simply that they will no longer be required to be reported on the B2.  The activity will still be needed on the G1 and Schedule A's.

CG Made Easy will simply begin suppressing the B2 data on the tax return for etabs starting with the July return.  There is no need to proactively close your etabs at the end of June for any purposes related to reporting.

Feel free to let us know if you have any questions.  Thank you!