As an active day trader, I looked to Traders Accounting for tax advice because they were associated with Pristine.com, an organization I greatly respect.
Traders Accounting recommended that I spend $3000 to set up my trading business, despite the fact that I did not expect to make any money for quite some time. I gave them $3000 for what they told me was a deposit towards future services.
I have since done some research, and learned that a) Traders Accounting significanly overcharges for what they propose to do for you... Other firms can do it for $300 - $500, and b) what they recommend is overkill for most situations.
I asked for a refund prior to Traders Accounting having done any work at all for me, they refunded only $2500 of my $3000, saying that they were holding back $500 for time already spent with me. This was despite their president, Jim Crimmins, telling me earlier that no charges would be made and that I would get my entire deposit back.
When I leared that they were retaining $500, I sent an email to Jim Crimmins disputing the charge and requesting more information as to what the charge was for. He never replied to that email. I've sent two additional emails to him, neither of which have been returned.
These guys rely on naive traders with grandiose notions of future trading success to overcharge for unnecessary services.
Run away from these folks!!!
Steve
Mill Valley, California
U.S.A.
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