21st Century Eminis Blog » Emini Tax & Accounting http://www.21stcenturyeminis.com.au/eminisblog The best source for Emini Trading and Day Trading Blog Information Thu, 17 May 2012 09:28:17 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Eminis Traders and Taxation Considerations http://www.21stcenturyeminis.com.au/eminisblog/eminis-traders-and-taxation-considerations/ http://www.21stcenturyeminis.com.au/eminisblog/eminis-traders-and-taxation-considerations/#comments Tue, 04 May 2010 07:51:50 +0000 admin http://21stcenturyeminis.com.au/eminisblog/?p=13

Tax & Eminis: The Australian Tax Office is very strict on the rules of trading as business. Before considering trading Eminis ensure you receive the correct financial and accounting advise.

ARE YOU CARRYING ON A BUSINESS AS A TRADER or a SPECULATION

As a Trader you are taxed on income from trading and can claim a tax deduction for any losses.

As a Speculator Capital Gains Tax applies on income losses. Are you operating as a business or can it be classed as a hobby.

When trading Eminis are you doing the following:

  • Trading System
  • Written Trading Plan
  • Frequency of Trading (Repetition and Regularly)
  • Organization of records
  • Margin accounts / subscription
  • Full service broker
  • Correct Business Structure.

DEDUCTIONS AS AN EMINIS TRADER

  • Home Office expenses
  • Eminis Education (Not the initial course)
  • Repeat Expenses
  • Link with job
  • Car Expenses – more than 5000kn
  • Monthly Subscriptions
  • Depreciation on trading tools, laptop/PC
  • Stationary
  • Software required for trading
  • Record Keeping material

For a FREE DVD and Information pack on the benefits of trading Eminis, CLICK HERE
For a Free Tax consultation visit http://www.21stCenturyAccounting.com.au

]]> http://www.21stcenturyeminis.com.au/eminisblog/eminis-traders-and-taxation-considerations/feed/ 3