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A talented CPA for traders is worth their weight in gold. While you’re involved in a high-stakes, fast-paced environment, you don’t need to worry about your tax burden or meeting securities requirements. Let your tax trader CPA take care of that. At Miller & Company, LLP, you can find the ideal tax accountant for day traders, so you remain profitable and audit-free. Call the best CPA for professional traders on the East Coast today.
A securities trader is a financial professional who buys and sells investment products such as stocks, bonds, options and other securities. As a professional trader, your goal is to make a profit from market movements. You may trade for yourself, for clients or a firm, but in every case, your role demands quick thinking, solid analysis and a strong understanding of the financial markets. If you’re a trader looking for expert tax strategies, Miller & Company, LLP is your trusted partner.
Whether you need tax planning to reduce liabilities, tax preparation for accurate filings or IRS audit protection to safeguard your business, Paul Miller, a CPA for professional traders, brings decades of knowledge to help you. The tax accountant for day traders also guides you on business registration if you’re forming an entity for your trading activities and assists with retirement planning to secure your future.
Professional traders across various markets hire a trader tax accountant. If you make multiple trades in a single day and hold positions for only minutes or hours, you fall into the day trader category. Your tax situation gets complicated quickly due to the high volume of trades and wash sale rules, as well as the potential to qualify for trader tax status (TTS). A day trader CPA helps you in many ways, including:
If you prefer holding positions for days or weeks, you still face tax rules that can be tricky to navigate. As a swing trader, you may be dealing with both short-term and long-term capital gains, which are taxed differently. A tax accountant for day traders works with a variety of professionals in the financial markets, including:
The money you spend to improve your trading skills or stay on top of the markets can often be deducted. If you’re constantly learning to refine your strategies, those costs can add up and you may be able to write them off. This includes:
If you trade from home and use a dedicated space for your trading activities, you could claim a home office deduction. Trading requires the right tools like computer upgrades, high-speed internet, trading software and backup storage devices, which are deductible. Other deductible items may include:
An experienced CPA for traders analyses your trading records, frequency and intent to see if you meet the IRS’s informal standards. They look at factors like the number of trades, holding periods and time spent trading. A day trader CPA helps you maintain detailed trade logs, brokerage statements and activity reports that clearly demonstrate you meet the standards.
Claiming TTS involves reporting your trading income and deductions in a very specific way. If you don’t file it correctly, you risk delays, audits or outright denial of your claim. Your accountant knows exactly which forms to use and how to present your case in a way the IRS will recognize. Once you qualify for TTS, you need to maintain your eligibility. A CPA for traders guides you on key factors, such as:
Your trader tax CPA helps you select the best structure for your trading business: as a sole proprietorship, partnership, LLC or corporation. Your tax accountant for day traders offers business-level services to support traders who operate as entities. These include:
CPAs for traders understand TTS, Section 475(f) market-to-market elections and other tax strategies that reduce your liability. Your trader tax accountant ensures you meet reporting requirements, file on time and avoid penalties. They also keep you informed about any regulatory changes and give you a broader access to services such as:
Hiring the right CPA for traders is an investment in your trading career. Miller & Company serve traders from New York City to Washington, DC to Florida’s west coast. Whether it’s qualifying for TTS or leveraging QBI deductions, they combine local expertise with specialized tax services. Contact Miller & Company today to keep your business profitable.
Expect a thorough commitment to excellence. Creative advice and outstanding performance — merged with relentless dedication and vigilant customer service — mean that your CPA responds quickly to requests and questions. Accounting experts are just a phone call away.
“Nothing less than the best.” That’s what current and former clients say about Miller & Company. It’s that reputation for excellence that drives successful individuals and businesses to work with this team.
The financial expertise you’ll find at Miller & Company is unparalleled in the Manhattan and New York City areas. Your personal CPA gets to know who you are — identifying the objectives you have and the challenges you face. Then, using a wide range of innovative business strategies, you’ll receive breakthrough solutions that no other accountants thought possible.
Professionalism is more than certifications and degrees -- all of which you’ll find at Miller & Company. Professionalism at Miller & Company means you’re always treated with the respect you deserve. Professional CPAs embrace their commitment.
When you contact this New York City accounting team, you receive the most up-to-date information, the most innovative financial concepts and the best possible solutions. You get accountants honesty and integrity necessary to earn your trust. Your satisfaction is paramount.
