Put your capital in an entity!!! Traders Accounting advises clients on the most advantageous entity structure for your trading activities. If you are an investor or part-time trader, and are frustrated with the tax code's restriction on deducting investor expenses, here is your answer.

(1) Establish a legal entity, such as an LLC or corporation in your state of choice. Typically, you will register it in your home state. There are some individuals who choose to use a state such as Nevada that does not have a state corporate income tax. After completing the IRS SS-4 form, you will be issued an Employer Identification Number (EIN). That is the identifying number that the IRS uses for your new business. The next step is to transfer your brokerage account, or some portion of it, out of your personal social security number, and into the new EIN.

(2) At this point, business can begin and all "ordinary and necessary" business expenses incurred in your business of money management are 100% deductible. Of course, meal and entertainment expenses are subject to a 50% limit. It is very exciting to offset trading gains with expenses you are currently incurring, such as computers, training, subscriptions, meals with fellow traders, and internet access.

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How to Trade Anything: How to Trade Everything -- December 8th, 4:30 - 5:30 PM EST

Learn how to use commodities, indexes, treasuries, and the US dollar index as a forex trader. You'll learn what currency to buy if the ten-year T-Note Falls. You will learn to buy or sell oil if the FTSE rises. Is there a bullish trade set-up on gold after the USD index weakens? Do you buy the EUR/JPY or the USD/JPY if the NIKKEI rallies? At this workshop, you'll learn how to apply basic technical analysis to your charts once your fundamental bias has been established based on global money flow. If you are a forex trader or if you are experienced in other markets and are interested transferring your skills to trading foreign currencies..then this webinars is for you.

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Join Traders Accounting at the International Traders Expo in New York!

We will be holding three special events in addition to a full booth setup for you to visit us at this Expo.

Event 1: Five Ways Traders Throw Money Away

Every trader knows there is one critical aspect to trading that can't be ignored – it is easier to trade with more money than with less. The concept may sound simple enough, but most traders are unaware of the available tools that will impact trading capital. In this presentation Traders Accounting present five areas that have a direct impact on trading cash flow.

1. Wash Sales
2. Capital Losses
3. Medical Expenses
4. Trading Expenses
5. Failing at Trading

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Event 2: 5 Critical Mistakes Active Traders Make.

Traders Accounting engaged an independent research firm to investigate the trends outlined in this study. In a report from the Wall Street Journal, Drew Niv, Chief Executive of FXCM stated, “If 15% of day traders are profitable, I'd be surprised.” During this fact filled presentation based on market research see the statistics on:

1.        The Investors Landscape

2.        Exposing the Markets

3.        The Five Critical Mistakes Traders Make

4.        The Business Front

5.        The Five Steps to Success

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Event 3: Increase Cash Flow With Tax Efficient Trading

Part of the survival for any successful trader is cash flow management. The largest expense a trader has whether the trader makes or loses money is taxes. Every dollar we spend on taxes means we have one less dollar to trade with. With this in mind it is obvious that as traders we have the obligation to do everything possible to keep as much money in our brokerage accounts as possible.

Jim will teach us about increasing our cash flow through Trading as a Business. In his presentation he will lead us through an interactive workshop on:

       Trading as a sole proprietor

o     The IRS “special rules” surrounding “Traders Status”

o     The recent Frank Chen Tax Court Case, and what it means to all traders

       The advantages and disadvantages of trading as a formalized business—What type trader would use a formal business?

o     Partnerships

o     LLC's

o     Corporations

       Is there a cookie cutter approach to tax savings for a trader?

       The taxation of 1256 contracts

o     The difference

o     What types of trading business would fit in this category

       Mark to Market

o     A panacea or an empty promise for a trader?

       Trading in a retirement account

o     What is the best way to approach this

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Who needs a bookkeeper with those easy-to-use, do-everything, no-brainer business bookkeeping software programs I got with my fancy new computer?

Using a Traders Accounting bookkeeper, you will receive quarterly financial statements based on the trading information you provide to us. Although you will receive financial statements quarterly, your bookkeeper actually reviews your account every month to keep it current with the trader tax law changes and updates that can impact your business.

Call Sara for more Information: 1-800-938-9513 x208