If you are reading this, then you either have a trust, or you are considering setting one up. Running a trust can provide some great benefits in asset protection for your family’s financial future.
Unfortunately, the ATO has taken a view of trusts as a way for the wealthy to conceal income, evade tax or to launder money. Therefore, incorrectly lodging or missing a trust tax return deadline can result in severe penalties.
If your trust derives income, then a qualified accountant can assist in navigating the complicated tax implications that may involve your trust.
At Avail Accountants, our Chartered Accountants understand your needs, and we can analyse, prepare and lodge all types of trust tax returns.
