Recent content by ballsofgold

Just a reminder to everyone that the NASDAQ energies contracts are clearing .25 cents per side vs ICE at .82 NYMEX at 1.50 The lower fees are very advantageous to spread, RV and high volume traders such as myself. liquidity is not there yet, but the sooner a majority of the trading activity...

This should settle it here: http://www.hmrc.gov.uk/manuals/ctmanual/CTM04510.htm Losses may be only carried back against profits of a preceding accounting period if the company was carrying on the trade (in which the loss was incurred) at some time in that accounting period. However it is not...

again you are not correct self - employed can mean you operate as a sole trader in which the business is tied back to you personally in which income tax is applied and thus for the ACCA examples. you quoted self employment rules from that website, that was self employment not corporation...

CTM04505 - Corporation Tax: trading losses - relief against total profits: introduction CTA10/S37 Relief for a company’s trading losses against OTHER profits is at CTA10/S37. For other ways of giving relief for losses see CTM04050. A company can claim to set off trading losses against its TOTAL...

again, it simply states that a company does not have to roll losses forward but if they chose to, the accounting method or calculation they use to calculate the loss in the year must also be used in the future year....in other words you cant switch from accrual accounting to cash accounting...

sorry buddy we are not done agreed, when you carry losses FORWARD...you can only net losses against the same trade. lets move on from this you are selectively reading to see what you want to see...what happens when you carry losses backwards or apply the loss in the same year? the rulebook...

dude i am starting to think you are a douche you quoted self employment rules first so i quoted income tax rules for people run sole trader and employment at the same time then i also copied and pasted hmrc corporation tax which confirms you can net off losses and profits you just dont want...

far done unfortunately you have copied and pasted outlined information from this website: http://www.rossmartin.co.uk/self-employed/tax-planning-a-compliance/209-trade-losses when i read your source i can conclude the following: in the same tax year or previous tax year, you can net off...

this is not a pissing contest, i am simply asking where in the rulebook does it say you can't net various revenue streams to passback to a single entity and where was your basis from the rulebook of which your formed your opinion? if you studied corporate law, you should be used to questions...

firstly, there should be no ambiguity here.....either you can net different revenue streams or you can't this would be governed by the HMRC rulebook irregardless of who agrees or disagrees on the forum in terms of seeking advice, anyone can seek advice from a professional accountant. how...

ok so we still do not agree if you are a sole trader and you earn income from employment, for example, but also do bonafide self employed work on the side, any losses that you earn as self employed can be rolled back or forward against ANY income earned regardless if that is employment income...

ok, i did not explain myself properly so i understand why you disagree, so let us not get loss in categorical semantics if he is a contractor where a client utilizes his services as a self employed individual, then the person would file whatever proceeds earned from contracting services as a...

i am sure there is a way to offset trading losses against income he earns as a contractor provided that he also trades professionally through the ltd. so he can take his proceeds as a contractor to leverage up on trading if he does it properly. lastly...if it flops and for some crazy reason he...

i beleive bc ib is in the US and the nfa/cftfc rules state that any cta's are self exempt up to 15 accounts or a certain amount of agreegate funds. the question was about fca. ib uk is just a service office.

there is too much misinfo on this thread u dont need to register with fca for proprietary trading. if your friend wants to buy shares into the company then he is an owner like yourself if you solicit funds for managed accounts, the investor still owns the managed account. putting trades...