Meta Description: Discover the benefits of setting up a family trust, including tax advantages, wealth protection, and why consulting an accountant is essential in Australia. Family trusts are a crucial tool for protecting and distributing wealth within families in...
The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax. Two new cases before the Administrative Appeals Tribunal demonstrate how serious the Australian Taxation Office (ATO) is about making sure professional...
With the ATO’s new directives on the taxation of trust distributions, it’s essential to review arrangements. Book a planning session to ensure you’ve got the best beneficiary arrangements. What is a Family Trust? A family trust is a legal arrangement in...
Do you operate a trust for investment or business purposes? Trust management can be complex but worthwhile to protect assets, streamline the tax return process and maximise allowable deductions. Talk to us about how we can help manage your trust. Whether you have a...
Under the Legal Profession Uniform Law (NSW) and the Legal Profession Uniform General Rules 2015, law practices are required to have their trust accounts examined by an External Examiner each year. The external examination year for trust accounts...
