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Dazza
07-11-2008, 06:06 PM
hi folks. i am thinking of giving Fx trading another go.

I am setting up a limited company for this.

I am wondering how you guys go about filing out tax returns etc, or getting your accountant to do it? ie what paper work do we need to provide for our accountant?

I am thinking of using CMC markets as my platform.

many thanks.

arco
07-11-2008, 08:21 PM
Trading through a limited company is basically a business - your accountant will advise on whats required.

Xerof
11-11-2008, 02:58 PM
Also look at registering your company as a LAQC, so you can attribute any tax losses back to the shareholder(s) to offset tax on a personal basis, rather than be left with c/f tax losses in the company. (may not happen, but best be prepared for that situation)

Again, an accountant can advise you on this, but you must do this before you commence the business