One of the most important considerations when you begin to trade is taxes. There are special rules that apply specifically to traders and not investors. Essentially, United States law considers your trading activity as a business, even if you don’t have any employees. This comes with the tax advantages that are part of owning a […]
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Business entities can close or shut down for a variety of reasons. Death, lack of business, loss of interest, a lack of time, and many other factors can make it easier to just close up shop. The process of closing your business can be a stressful and upsetting one. It’s not easy to decide to […]
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In late March, the Biden Administration released its budget recommendations for 2023, along with revenue proposals. These proposals were included in the Treasury Department’s General Explanation of the Administration’s Fiscal Year 2023 Review Proposals, which is more commonly known as the “Green Book.” These proposals included changes to the tax code, which have not been […]
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Recently, President Joe Biden signed the Inflation Reduction Act (IRA) into law. People from all walks of life are likely wondering what the IRA will mean for them and those who make their living trading are likely no different. The name suggests, the act is designed to reduce the sky-high inflation rates the country has […]
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So, you’ve decided to make day trading your full-time career. If you’re truly prepared for the job, there are a lot of potential benefits to the choice you’ve made. You get to work from home, be your own boss and you have the opportunity to make a good deal of money. But there are also […]
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Being an active trader is a busy job. You have to be laser-focused on your work throughout the day to make all the transaction you need to. You need to stay informed of the latest news and trends in the market to ensure that you’re buying and selling at the right time. But you also […]
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If you’re a full-time trader working in the United States, you might have heard of the Qualified Business Income Deduction. This relatively new deduction has allowed certain business owners to save money on their taxes. You may be wondering if you qualify for the deduction. Here’s what you need to know: What is the QBI? […]
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Shutting down your business can be tough emotionally. Maybe it’s something you’ve run for a longtime and you just don’t have the time for anymore. Or perhaps you had a dream that never really got off the ground. Regardless of the situation, there are a few things you’re going to want to do when closing […]
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