Ensure your profits are distributed in a tax effective manner and your trust affairs are in order.
There are various types of trusts in Australia, including fixed trusts, discretionary trusts, and unit trusts. The specific legal requirements and tax consequences of a trust will depend on the type of trust and the specific circumstances of the trust.
Using a trust as a business entity can provide a number of benefits, such as flexibility, asset protection, and tax minimization. However, trusts also have certain legal and compliance obligations that need to be carefully considered and managed.
Trusts are a flexible and widely used legal structure in Australia that can serve a variety of purposes, such as:
CTK Accounting ensures the application of the most current tax law when processing our clients trust tax returns.
We consider the overall tax position of all entities and beneficiaries involved in the family unit our group to ensure the lowest current and future tax liability.
Franchise owner, Crust Pizza
Director, A1 Metal Roofing Pty Ltd.