If you keep detailed records and feel comfortable/competent lodging your own tax return, then do so.
If you maintain good records then even if your are audited there shouldn't be a problem
You say "thousands" of trades; I would strongly suggest Excel spreadsheets
Just my opinion
I was classed as a trader for seven years and turned over millions a year and was never audited
- Forums
- Breaking News
- Do sole traders trading shares for income need an accountant ?
If you keep detailed records and feel comfortable/competent...
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Iggy Tan, Executive Chairman
Iggy Tan
Executive Chairman
Previous Video
Next Video
SPONSORED BY The Market Online