“In this world there is nothing that is certain except death and taxes” – Benjamin Franklin
The government provides it’s biggest tax breaks to business owners and investors. As a self-employed trader, there are many ways to limit your tax liability along contribute to retirement plans and deduct additional business expenses. I am not a licensed tax professional, so I refer all my trader friends and colleagues to Robert Green over at Green Trader Tax.
Green and his company are the leading CPAs in this niche and has a phenomenal book on the subject of taxes for traders appropriately titles, The Tax Guide for Traders. I highly recommend picking up a copy to educate yourself on the tax breaks that are out there for traders as most CPA’s do not fully understand these laws.