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Webinar: Traders Accounting Tax Q&A For your Business
Started:March 11th, 2012 (07:56 PM) by Big Mike Views / Replies:3,046 / 20
Last Reply:October 15th, 2013 (09:34 PM) Attachments:0

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Webinar: Traders Accounting Tax Q&A For your Business

Old March 14th, 2012, 05:51 PM   #11 (permalink)
Administrator: 'da Big Dawg
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I wasn't able to get the recording posted today on BMT. But I did get it posted on YouTube. You can click YouTube logo from top of any BMT page to view it. I'll get the webinar on BMT tomorrow hopefully.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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Old March 14th, 2012, 07:10 PM   #12 (permalink)
Elite Member
Chappaqua, NY
 
Trading Experience: Intermediate
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Posts: 27 since Jan 2012
Thanks: 35 given, 6 received

Thanks for Webinar

Big Mike,

I have been to more than my fair share of webinars and presentations, and I must say the webinar on taxes and accounting was WELL worth the two hours of my time. Just can't say that about many webinars, especially ones that last that long! Kudos to you and Traders Accounting!

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Old March 15th, 2012, 04:25 AM   #13 (permalink)
Administrator: 'da Big Dawg
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Instrument: SP500, Stocks
 
Big Mike's Avatar
 
Posts: 31,173 since Jun 2009
Thanks: 20,747 given, 38,139 received


The recording on BMT has been posted:

Tip


The recording of the webinar is here:

Webinar: Traders Accounting Tax Q&A




Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
     
The following 2 users say Thank You to Big Mike for this post:
     

Old March 15th, 2012, 08:29 AM   #14 (permalink)
Elite Member
Lubbock TX
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Stage 5 Trading
Favorite Instrument: CL
 
MWinfrey's Avatar
 
Posts: 1,878 since Jul 2009
Thanks: 1,445 given, 3,205 received

Outstanding webinar.

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Old March 15th, 2012, 01:31 PM   #15 (permalink)
Trading Apprentice
San Diego
 
Trading Experience: Intermediate
Platform: X_trader
Favorite Instrument: gold,lean hogs
 
Posts: 6 since Mar 2012
Thanks: 0 given, 4 received

great webinar

Big Mike,

Thanks for the Traders Accounting Tax webinar. The information filled in many gaps in my understanding (or lack thereof) of establishing a trading business, not to mention how imperative it is to do it correctly if you have specific (and hopefully realistic) goals on growing an account, doing it full or part time, and being treated fairly in the current tax structure.

This was particularly timely for me being as I am at a juncture in life in which I am dedicating at least 40 hr/wk to doing trade-related research and/or trading. Also, I am in the process of moving to another state.

I am a little curious about the poll results for the question of whether traders file their own taxes, pay someone to do do it, or don't pay the "unconstitutional" income tax. Last I checked, >10% said they don't pay: whether that is kind of tongue-in-cheek or not, I don't know. If true, you guys must know something I don't about how to hide it, but I wouldn't expect you to divulge that kind of info on a forum like this. It seems humorous to me.

I don't see the constitutionality of income tax either, and it seems Jesus didn't think it right in his day (Matt 17), but to "avoid offense," he paid anyway.

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Old March 15th, 2012, 01:39 PM   #16 (permalink)
Administrator: 'da Big Dawg
Manta, Ecuador
 
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Posts: 31,173 since Jun 2009
Thanks: 20,747 given, 38,139 received


bramil View Post
I am a little curious about the poll results for the question of whether traders file their own taxes, pay someone to do do it, or don't pay the "unconstitutional" income tax. Last I checked, >10% said they don't pay: whether that is kind of tongue-in-cheek or not, I don't know. If true, you guys must know something I don't about how to hide it, but I wouldn't expect you to divulge that kind of info on a forum like this. It seems humorous to me..


I think tongue in cheek is most likely answer Or outside of the US and maybe chose that answer.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
     

Old March 15th, 2012, 04:18 PM   #17 (permalink)
Elite Member
Boulder, CO
 
Trading Experience: Advanced
Platform: Sierra Chart
Favorite Instrument: NQ
 
Posts: 2 since Jan 2012
Thanks: 3 given, 0 received

Tax and Accounting

This webinar was absolutely great. I highly recommend it for active traders.

John

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Old December 4th, 2012, 11:42 AM   #18 (permalink)
Elite Member
annapolis USA
 
Trading Experience: Intermediate
Platform: Ninja, MC, Sierra
Broker/Data: PFG (too bad), IB, Fidelity, AMP
Favorite Instrument: ES, NQ
 
greenroomhoo's Avatar
 
Posts: 275 since Jun 2011
Thanks: 106 given, 202 received

Great webinar

Thanks. Would love to hear from any forum members that have taken advantage of the tax structures discussed and more importantly experience with Traders Accounting dot com.

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Old February 11th, 2013, 12:17 PM   #19 (permalink)
Trading Apprentice
Pittsburgh PA
 
Trading Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Instrument: TF
 
targetfilled's Avatar
 
Posts: 14 since Feb 2013
Thanks: 2 given, 3 received

Thinking of using traders accounting for a a trader llc...anyone have experience with this firm. Any thoughts welcome. Thanks Target Filled.

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Old July 17th, 2013, 11:11 AM   #20 (permalink)
Elite Member
Hong Kong
 
Trading Experience: Intermediate
Platform: NinjaTrader, TWS
Broker/Data: IB/Kinetick
Favorite Instrument: ES
 
Posts: 173 since Jan 2012
Thanks: 66 given, 196 received


Recently watched this excellent webinar and had a question if this thread is still alive. Topic was not covered but relates to the actual mechanics of accounting/bookkeeping for trading.

Q1: What asset, revenue and expense accounts are typically created for a day trading business?

Q2: In particular, how are external broker's accounts like IB (where the trading funds sit) represented within the accounts? Or not?

Hope this makes sense. My accounting package does not have 'day trading' or anything close as a starting template.

Richard
Hong Kong
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