Traders Accounting – Leader in Day Trading Services

Please call us anytime to learn how we can help you. If you prefer, you can email your questions to us at customercare@tradersaccounting.com

We opened our doors in 1998, started providing day trading services and launched this website a few days later. Shortly thereafter, we started publishing and offering day traders accounting software. Our aim was very simple, help traders succeed by taking their minds off of recordkeeping and taxes. Our original motto was, "You trade, and we’ll do the rest." Traders Accounting had arrived.

To get the word out about our day trading services we wrote articles, spoke at trader conferences, and basically did everything we could to get our name in front of the growing legions of online traders. We started working with all types of traders, accounting being our specialty.

Part of our initial team was Duane Severson, the former head of the west coast audit division of the IRS. With his unrivalled background and insider access to IRS practices, we were able to investigate every possible tax strategy that might benefit traders. Accounting with IRS insider knowledge proved to be a distinct advantage for us our clients.

One of the hottest areas of inquiry was, and is to this day, the concept of Trader in Securities. Duane was a pioneer in uncovering the IRS's attitude towards online traders and their ability to write-off their trading expenses and losses.

Another founder of Traders Accounting, Joe Wishcamper, Esq, was able to investigate the intricacies and nuances of using legal entities for one's trading capital. Joe's exhaustive work, along with Duane's IRS knowledge has made it possible for Traders Accounting to add consulting that is unparalleled in the industry to our list of day trading services.

Our Tax Director, Michelle Boyer, CPA, is the nation's authority on Trader Taxation. Michelle has a wealth of experience to serve tax clients from all around the United States.

In Traders Accounting’s first year, we were fortunate enough to be mentioned in articles in Kiplingers, Forbes, and Business Week. On the other hand, all the publicity was a problem. We were swamped with traders looking for help with day trading services. We were buried, and didn't fully dig out for almost a year. Wow! It was the most difficult year of our lives: trying to keep up while maintaining excellent service. That year forced us to re-evaluate our business model, in order to keep with our desire to provide unsurpassed customer service. Here is what we did:

1. We began offering year-round bookkeeping in order to create more efficiency at tax time. Now, many of our clients simply send us their brokerage and bank statements each month, and we reconcile their accounts and provide them with regular financial reports. With this kind of organization, tax time is a breeze for our clients.
2. To help better educate our clients, we started publishing our Tax Tips for Traders newsletter and publishing informational guides on Trader Taxation.
3. We started speaking regularly at national events to teach traders and CPAs about Trader Taxation.
4. We started offering day traders accounting software and literature to help clients manage their taxes more efficiently. In conjunction with our consulting, analysis and other day trading services, our new business model started showing great success – for us and our clients.

Fortunately, through our pro-active efforts with our clients, we have reduced the number of traders who send us shoe boxes full of unmatched trade slips, receipts and W-2s at the last second and increased our efficiency in providing day trading services in taxation and accounting. However, if the “shoe box” still describes your tax situation(!), don't worry: we’ll always save a place for you :)

If you are reading our website, looking for help with filing your taxes, or need advice on how to reduce your tax burden, give Traders Accounting a call today at 1-800-938-9513 or send your question via email to customercare@tradersaccounting.com.

Please visit our FAQ for the most frequently asked questions of our visiting day traders. Accounting Software and other literature can be found on the products page.