Webinar: Traders Accounting Tax Q&A For your Business - Traders Hideout | futures io social day trading
futures io futures trading


Webinar: Traders Accounting Tax Q&A For your Business
Updated: Views / Replies:5,782 / 20
Created: by Big Mike Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Webinar: Traders Accounting Tax Q&A For your Business

  #11 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,010 since Jun 2009
Thanks: 29,168 given, 82,186 received

I wasn't able to get the recording posted today on futures.io (formerly BMT). But I did get it posted on YouTube. You can click YouTube logo from top of any futures.io (formerly BMT) page to view it. I'll get the webinar on futures.io (formerly 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?
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 user says Thank You to Big Mike for this post:
 
  #12 (permalink)
Elite Member
Chappaqua, NY
 
Futures Experience: Intermediate
Platform: SC
Favorite Futures: CL
 
Posts: 28 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!

Reply With Quote
 
  #13 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,010 since Jun 2009
Thanks: 29,168 given, 82,186 received


The recording on futures.io (formerly 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:
 
  #14 (permalink)
Elite Member
Lubbock TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Stage 5 Trading
Favorite Futures: CL
 
MWinfrey's Avatar
 
Posts: 1,878 since Jul 2009
Thanks: 1,448 given, 3,300 received

Outstanding webinar.

Reply With Quote
 
  #15 (permalink)
Trading Apprentice
San Diego
 
Futures Experience: Intermediate
Platform: X_trader
Favorite Futures: 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.

Reply With Quote
The following user says Thank You to bramil for this post:
 
  #16 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,010 since Jun 2009
Thanks: 29,168 given, 82,186 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
 
  #17 (permalink)
Elite Member
Boulder, CO
 
Futures Experience: Advanced
Platform: Sierra Chart
Favorite Futures: 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

Reply With Quote
 
  #18 (permalink)
Elite Member
annapolis USA
 
Futures Experience: Intermediate
Platform: Ninja, MC, Sierra, Amibroker
Broker/Data: PFG (too bad), IB, Fidelity, AMP
Favorite Futures: ES, NQ, Equities, Forex, Etc.
 
greenroomhoo's Avatar
 
Posts: 276 since Jun 2011
Thanks: 107 given, 225 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.

Reply With Quote
 
  #19 (permalink)
Trading Apprentice
Pittsburgh PA
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 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.

Reply With Quote
 
  #20 (permalink)
Elite Member
Hong Kong
 
Futures Experience: Intermediate
Platform: NinjaTrader, TWS
Broker/Data: IB/Kinetick
Favorite Futures: ES
 
Posts: 233 since Jan 2012
Thanks: 130 given, 305 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
Reply With Quote

Reply



futures io > > > Webinar: Traders Accounting Tax Q&A For your Business

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trade accounting software ilikeatr Trading Reviews and Vendors 9 July 8th, 2017 03:24 PM
Webinar: CQG Spreader Demo Q&A Big Mike CQG 5 January 20th, 2012 04:09 PM
Webinar: X_Trader Functionality Overview & Q/A bobk Trading Technologies 30 August 21st, 2011 06:08 PM


All times are GMT -4. The time now is 10:57 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-07-25 in 0.12 seconds with 19 queries on phoenix via your IP 54.162.126.136