Trader Tax Status/M2M - Accounting Software

T

TraderShanna1

Hey everyone -

Brand new to this site...

Forming a trading entity as we speak to begin trading within a business. I should qualify for TTS/M2M but see that normal accounting software won't quite cut it.

I realize outsourcing is an option but wondering if there's a tried and true accounting software program to handle trader M2M accounting and all that entails.

Appreciate any insights -
 
Get a professional CPA and make sure they know about TTS/M2M It's worth the expense. Plus it's really not that much money to make sure you have a pro in your corner. I meet with my accountant at least every other month and even more when it comes close to filing time. He also filed all the necessary forms to qualify me as TTS/M2M. All I do is keep my receipts and statements and send it to him and he works his magic. Hope that helps.
 
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