ANNUAL TRUST TAX RETURNS

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.

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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.

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At Fidelis Accounting Services, our Chartered Accountants understand your needs, and we can analyse, prepare and lodge all types of trust tax returns.