krooto

Hey @naptof330, I emailed them and called them a couple times, and unfortunately didn't hear a single word from them. For me, this caused alarm bells to ring and so I decided that I would steer clear of them, as there is nothing worse than a service that is ill provided, particularly when there could be severe repercussions. My experience might be isolated and as such, perhaps try them for yourself and see what happens. In the end, I stayed with my current accountant and asked them to do the research for me. My accountant is just a small (2 branches, I think), midlands based accountancy firm that deal with small/average local businesses and self-employed people, so nothing special. They charged me somewhere around £500 (I can't remember the exact figure), and they contacted a 'specialist' to advise them on my situation. All it boiled down to really was just filling out the US tax form correctly and having it checked by someone in the know. As always though, please do your own research! Hope that helps

Hey guys, Happy new year, I hope that you are all doing well Just a quick update regarding trading from the UK as a limited company. I have asked my tax accountant to look into this, and unfortunately the situation is that they are moving at a snail's pace. This is because of the 31st Jan deadline for self-assessment, so they have a large backlog and my query appears to have slipped to the bottom of the pile. As soon as I get a response, I will update you all! In the meantime, stay green! Kind regards, Krooto

Hey Cristhian, Nice to meet you and good luck on your day trading journey! Sorry for the late reply, I've had a very busy past few weeks so haven't been on here as much as I would've liked. Welcome to our group, and I'm sure that once this pandemic is over, we will all be itching to get out and have a meetup! Krooto

@Dexter177 Thanks for kicking this off! Been meaning to get round to it but have been super busy! I am also from London area and started this year. I've had some bad experience with mid cap stocks (more-so towards the smaller end), so i try to stick to larger mid caps, and large caps with values of $10+. Not yet live, been in the sim for a good four months, and in no rush to move live as would like to meet a few personal criteria before then. In an ideal world, I would be live come Feb time, but we'll see how it goes! Krooto

Hey guys, I'm starting this thread to learn a bit more from people that have experience (or knowledge) about trading US stocks from the UK via a limited company. Obviously, anyone visiting this thread should get advice from an accountant before actioning anything that they have learnt on here. This thread is just a place to share knowledge and experience. I have very little knowledge about tax, and would like to hear some of your views. My broker is CMEG (Trinidad and Tobago), and I trade the US stock market. Is there anything that I should be aware of if I plan to trade using this setup via a limited liability company? Will I have to pay US tax? Will I have to pay T&T tax? Are there extra forms that I have to fill out for HMRC because of this setup? Is it even financially advantageous to trade using this setup? Or is it better to just trade as an individual? I will be asking my accountant over the next few days so will post anything that I learn. Thanks in advance!

This webinar is listed as Lifetime Members only. I am a lifetime member, can i watch this after it is aired because my timezone is very different so wont be able to attend?