Accounting for Trusts, Without the Last-Minute June Scramble
Distribution planning, income streaming and trustee obligations for Parramatta, Norwest and Blacktown trusts, worked through before the deadline, not during it.
Everything Your Trust Needs Covered
Frequently Asked Questions
Why do trust distributions need to be decided before 30 June?
Resolutions generally need to be made and documented before year-end to be effective — we prompt this well ahead of the deadline instead of a last-minute scramble.
What's income streaming and am I doing it correctly?
It's directing specific types of trust income (like capital gains) to specific beneficiaries — done incorrectly, it can be challenged by the ATO. We review this as part of your return.
How is a trust taxed differently from a company?
Trusts generally distribute income to beneficiaries who pay tax at their own rates, rather than the trust paying a flat company tax rate — we explain how this plays out for your specific trust.
Are trusts really as complicated as people say?
Not once someone explains what actually applies to your trust — most of the complexity is unfamiliarity, not the trust itself.
Book a free 20-minute chat.
Let’s discuss your business goals and explore how we can simplify your accounting and bookkeeping.
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