In Australia trusts are widely used for investment and business purposes. It is very important to setting up the right kind of trust, It can be expensive to set-up and operate trust. IT requires a formal trust deed that outlines how the trust operates. The trustee is responsible for managing the trust's tax affairs, including registering the trust in the tax system, lodging trust tax returns, and paying some tax liabilities.
At puzzle accounting we will help chose the most correct form of trust structure and manage trust tax efficiently by reducing higher tax rates and distributing the income to the beneficiaries who often are on a much lower, individual tax rate. Please get in touch with one of our bookkeepers to learn more.Here are different types of Trust Setups,
Discretionary Family Trust
Testamentary Trust
Special Disability Trust
Family Lineage Trust
Spendthrift Trust
Unit Trust
Business Trust
In this era of Covid-19, it can be challenging to visit your accountant on-site. So, we have teamed up with Xero Accounting Software. Partnering with Xero means, we puzzle accountants work with our clients via Secure Cloud based portals.
You and your accountant do not need to visit each other, rather you can simply login into our Secured Client portal and save your tax related documents. Even if you don’t have access to our client portal, you can still send us documents via emails or messages.
Puzzle Accounting Tax Accountants will help you with your business finances, from preparing statements, managing your tax obligations, and providing valuable financial and business growth advice.
Trust Account Bookkeepers at Puzzle Accounting will help your business with day-to-day bookkeeping entries, Preparations of financial statements, look after your bank accounts, Pay your GST, Lodge your BAS, Manage payroll, will ensure Single-Touch Payroll (STP) obligations are up to date.
Finding quality BAS accounting services for your business can be a challenging task. With Puzzle Accounting, however, you can remain worry-free about all your company's accounting and financial needs.
1/196 kingston road slacks creek QLD 4127
07 3090 4435 / 041 3357 334
admin@puzzleaccounting.com.au
Tax Agent
26091969
