Accountants for Traders Articles

Start Up Articles

What does it take to be a successful trader?

When traders start their trading journey, many will jump from one approach to another, searching for an elusive, foolproof strategy that can guarantee profits. Read more...

What structure should I use for trading?

One of the very first things you need to consider when you’re setting up a new business, is which business structure you’re going to choose. Read more...

Trading or investing – how is the income taxed?

Once you’ve established whether you are trading or investing, your thoughts will inevitably turn to how the income is going to be taxed. Read more...

Am I a Trader or an Investor?

One of most frequent questions that we are asked as advisors is whether the financial trading activity that is being carried out is trading or investing.

In order to provide an answer to this question, we need to look at the 'badges of trade' to determine whether the activity is trading or investment in nature. In some cases, it’s quite obvious but, in many cases, (as is what usually happens in this industry), there is no straight answer and there are several different points that need to be considered. Read more...

Trade or spread betting?

Once you’ve established whether you are trading or investing, your thoughts will inevitably turn to how the income is going to be taxed.

The two types of income have quite different tax treatments and it’s important that you consider which approach to take based on your circumstances. If you don’t, you may find that HMRC challenge this in the event of an enquiry and if they disagree with your approach, you may receive a hefty tax bill! read more..

Insurance you need to protect business and family

When you’re running a business and thinking about options for insurance, you’re most likely to start by protecting the space that you work in – your shop, your factory, your office. Read more...

How do I take money out of my Limited Company?

For many years, the majority of owner-managed limited companies have used dividends as their main method of drawing income from the business, which allows the company and the individuals within it to minimise their overall tax liabilities. A ‘dividend’ is the distribution of profits made by a company to its shareholders. Read more...