are cfd gains considered taxable, page-21

I certain the ATO released a ruling recently that CFD's were not gambling and as such the proceeds are taxable.

With regards to the provision of information to accountants, most accountants will require the profit trade by trade. Sure, the end result is the same however they need to prove that it is. This will also provide an audit trail in the event of any ATO audit.

Great lurk for accountants to get stuck into you and charge you for the hours of doing those calculations at $200 per hour.

In short, get all your ducks in a row and give all the answers to your accountant, that way it should only cost about 1 hour of time. Otherwise, he will hate you and charge a fortune.

Also, consider the GST, if you turnover more than $50k in a business you must be registered. It does not matter if you are trading in a company, trust or your own name. This is another area where accountants ofter have to spend hours (=$$$) calculating the GST that should have been paid/refunded and adjusting the profit for that.