Traders Accounting Review

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Contributor, Benzinga
March 25, 2021
Traders Accounting
Overall Rating:
securely through Traders Accounting's website

Traders Accounting is a well-established tax preparation and accounting firm. It specializes in a myriad of services for active traders, including bookkeeping, business entity formation and dissolution, as well as bitcoin tax preparation. While it doesn’t have a strong digital presence, investors who prefer a more traditional experience will love its personalized approach over the automated, digital route taken by many firms today.

Best For
  • Day traders
  • Bitcoin investors
  • People who want to set up a trading business entity
  • Bitcoin tax preparation services
  • Wide range of services to choose from
  • Payment plans available for business entity packages
  • A more traditional approach to client relationships appealing to those who eschew the digital takeover of financial spaces
  • No mobile app
  • Limited digital offerings

Traders Accounting Ratings at a Glance

If you’re an active trader, you know how messy things can get come tax time. And it can get even more complicated if you invest in nontraditional asset categories, like Bitcoin or other cryptocurrencies. That’s why enlisting the help of a professional accounting and tax preparation firm is always a great idea. 

But with so many options, how do you choose which firm is best for you? Well, that depends on your needs. If you prefer a person-to-person relationship, custom-fit advice and straightforward, traditional services, read on. Benzinga’s review of Traders Accounting may reveal your perfect match.

Traders Accounting Product Offerings

Bitcoin Tax Preparation

As more people move into investing in the cryptocurrency space, the need to apply established institutional financial products to this sector becomes more clear. We’re talking bookkeeping, accounting, financial advisors — you get the picture. 

Crypto wasn’t given a clear tax status until the IRS issued Notice 2014-21, which dictates that digital currency be treated as property for tax purposes. Companies like Traders Accounting had their boots on the ground before the smoke cleared, ready to provide their crypto-native and crypto-curious investors with easy, professional Bitcoin tax preparation services. If you want to know more about Traders Accounting Bitcoin tax preparation services, check out this guide Paying Taxes on Bitcoin.


Cryptocurrencies are regulated and taxed by the IRS, so understanding how to pay taxes on Bitcoin is an important part of trading in digital currencies. From

Home-Based Trader

Traders Accounting prides itself on providing custom-fit tax preparation and business incorporation services to active home-based traders. Rather than rely on algorithms and automation to construct your tax-optimization strategy, Traders Accounting combines its experience wading through the murky waters of IRS active trader guidelines and its expert assessment of your unique financial situation. Your personalized strategy will fulfill the demands of your financials with the aim of maximized tax efficiency.

Business Entity Packages

There are many advantages to trading as a business entity, like the ability to work remotely and not be held back by salary caps or waiting for raises from an employer. Traders Accounting offers 3 business entity packages to help you set up a successful trading entity. Choose from Basic, Gold and Platinum Plus depending on your level of need and price point.

Trader Bookkeeping

Keeping perfect, organized records is key to successful tax preparation for active traders. And keeping these records is time-consuming and easy to mess up, not to mention monotonous. Hiring a professional to handle this aspect of your trading business is highly recommended.

Traders Accounting offers full-service bookkeeping to its clients. This means aggregating all of your financial accounts, such as your bank accounts, credit cards and trading accounts. It maintains IRS compliance by keeping a clear separation of 1256 Contracts, forex and stocks. As a client, your bookkeeping services include monthly financial reporting. This includes a balance sheet and income statement and on-demand detailed reporting. Your Traders Accounting bookkeeper will be available to discuss your accounts whenever you need.

Business Entity

To build your tax-savings strategy, you must first establish your trader’s tax status. Because the IRS only offers vague guidelines, this can be more difficult than it sounds. Every trader's situation is different, so while the IRS has no issue applying their guidelines in a rigid way after you’ve already filed your taxes, knowing where exactly you stand as you’re preparing your taxes comes with a lot more gray area. 


How the IRS Determines Trading Business Status –

For these reasons, trading as a business entity can have its advantages, simplifying your tax preparation and detangling your personal and business finances. Traders Accounting is highly adept at helping active traders form business entities and determining their appropriate tax status. 

Business Dissolution

If you need to shut down shop, whether altogether or in a jurisdiction, Traders Accounting will help you prepare your documents and file them with the appropriate government offices.

Traders Accounting offers different prices and subscription plans for each sector of service. Their prices appear to be relatively affordable, so you should be able to get the level of service you need at a price point that makes sense for you.

Traders Accounting Pricing

Bookkeeping Services

  • $115 per month OR paying for a full year in advance which is $1080.+ $100 setup fee

Business Entity Packages

  • Basic: $295
  • Gold: $1,999
  • Platinum Plus: $3,100

*This does not include State filing fees.

Here is a breakdown of its business entity packages from the Traders Accounting website:


TradersAccounting Business Entity Packages. From

Traders Accounting Ease of Use

The way Traders Accounting operates can be summed up by its slogan: You Trade, We’ll Do the Rest! Traders Accounting takes care of any of your bookkeeping, accounting and tax preparation services while you handle the fun part, even if you trade in complicated spaces like Bitcoin.

The Traders Accounting website is easy enough to navigate, perhaps a little less polished than newer iterations of these types of platforms. It provides extensive information on its services, along with resources like this glossary of trade terms and a free ebook. But as with all of its services, Traders Accounting prefers to get to know you as a client and prove worth, rather than drawing you in with sleek, peppy interface designs and fun (but not all that useful) digital features. 

Traders Accounting offers a comprehensive, free 30-minute initial consultation to all its prospective clients. During this consult they will go over; if you need a business structure to trade out of and if so, which one. They do not offer free tax consults. It doesn’t do self-service when it comes to signing up for an account or onboarding. So, kick back, put your feet up and let Traders Accounting win you over.

To qualify for a free consultation, you must meet the following requirements:

  • Ready to trade out of a business in the next 2-4 weeks
  • Trader does not already have a business to trade out of
  • U.S. citizenship or U.S. residency 

Traders Accounting Mobile App

Traders Accounting is more of a traditional accounting and tax preparation firm and therefore doesn’t offer a mobile app but does have a functional mobile browser that mimics its web browser. Due to the secure nature of detailed client financial information, a mobile app does not offer a high level of security to keep client data private and secure.

Traders Accounting Customer Service

Traders Accounting prides itself by giving their clients a very high level of customer service. The average turn-around time is 24 hours to respond to an email or phone call. However, during tax season, that time can extend to 48-72 hours depending on the volume of calls and emails. Traders Accounting wants to make sure that each client, new or old, receives the proper amount of time they deserve to get their tax and entity questions answered. Because it is widely known to offer personal, bespoke tax and accounting services to its clients, it’s likely Traders Accounting handles client issues as they arise in that same way — by direct contact with the client. You can contact Traders Accounting here with any questions you may have or get more information.

Traders Accounting Overall Rating

Traders Accounting is a solid choice for active traders, Bitcoin investors and small businesses looking for full-service accounting and tax preparation services. While it lacks the full range of newer digital tools for traders, we know many of you prefer being able to form a close relationship with a human professional when it comes to trusting a company with your money. It's great for people who’d prefer to hop on a call to work things out over an emotionless chat exchange or automated investment strategy.

Frequently Asked Questions


Who is considered a trader?


You are considered a trader if you seek short term profit from from the price swings on assets. Traders trade very frequently and substantially for continuous time periods.

User Reviews

Tae Jo

How do you use this product to boost your finances?

They are a scam, they charged my card without any authorization and ignored my emails afterwards. Eventually I filed a chargeback and it was an open and shut case for my credit card company because they had no proof that I authorized any charges.

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