There are many ways to save on accounting costs but I would worry about the standard of any accountant who was prepared to accept the net movement in an account as the sole basis for the amount of income derived.
If someone walked into my office wanted a return to be lodged using those figures only, they would be very quickly shown the door.
if you go to an accountant with nothing more than a pile of contract notes or trading statements - it is going to cost you money to sort out as it should.
but there are also a number of software packages and you can even use excel to correlate all the information in a format depending on if you are a trader or investor that most accountants would be prepared to use and still save you money.
are cfd gains considered taxable, page-22
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