UK Trader tax accountant recommendation?

[Directional]

Can anyone recommend me an accountant who is thoroughly familiar with accounting for, and the tax options available to full time futures & derivatives traders?

recommendations appreciated

 

[EK1]

Nadina Wallis did a presentation last year at a traders meeting in Hatfield and was very informative imo. Not used their services but seemed to understand traders' needs.

Nadina Wallis FCA [email protected]
Richard Longley FCA
Longley & Co – Chartered Accountants
Tel: 0115-945 5677
www.longleyand.co.uk

Hope this helps.

EK1

PS think that the west country firm may be Trio Accountancy services (www.trioacc.co.uk) based in Cheltenham.

 

[Tuffty]

Here's the link to Trio Accountancy for the page re financial traders:

www.trioacc.co.uk/taxconsult/taxtraders.html

Don't use them myself but does anyone and how have you found them?

 

[Directional]

thanks for the info guys, very helpful

 

[Directional]

I've spoken at length to Trio - very knowledgable - they really know what they are doing, especially with regards to legal tax avoidance strategies.

Highly recommended IMO

 

[Jenny Foster]

You could also try these guys: Accountants for Traders.

Ask for Wes Mason on (01474) 853 856
Financial Trader Accountants | Accountants for Traders

 

[Trading Spaces]

If you have got to the stage of needing an accountant you may be better off changing clearers. Look at Algorithmic Trading and Clearing House for Futures Forex Equities and Options Traders they are offering tax free futures trading, using professional front ends.

 

[bootsyjam]

Any more updates on this thread? Are there only about 2 firms in the whole of the UK that specialise in accounting for traders? Wow...

 

[ironjaw]

I was wondering this myself

 

[0FXTrader0]

All accountants can help with trading tax its simple; bank statements and broker statements match up you taxed accordingly.

If you want to avoid tax setup offshore Jersey company or move to a tax free location.

 

[0FXTrader0]

You can also get tax refund on business expenses from your computer setup to your daily bacon sandwich in greggs, keep receipts.

 

[ironjaw]

I just bought greggs. Lol. Do you trade from home? As in office setup and ltd? I’m working towards US stocks

 

[0FXTrader0]

When setup ltd will use local accountants, use their postal address and act as company secretary, its too expensive to setup a Jersey company when starting out (you still taxed on your dividends/income any how) and moving to tax free country not interested, just stump up the tax.

 

[Blonde_Angel]

When setup ltd will use local accountants, use their postal address and act as company secretary, its too expensive to setup a Jersey company when starting out (you still taxed on your dividends/income any how) and moving to tax free country not interested, just stump up the tax.

Hiya @0FXTrader0


Thanks. I didn't get the exact picture, do you mind elaborating if an abroad company how can reduce on corporate tx while it's in your name?
And why Jersey?
Also when you act as secretary for the company, while you are a funder of the company and provided the proof of fund(in case they asked officially? Otherwise, they also ask to fill a form about where are the funds coming from, thus they have your name as funder and they may ask your UK, NI in case you reside in the UK)? May please help me out with these questions?

Tnx and best of luck