One of the main uses of trusts is for asset protection, but tax planning is also an important consideration. However, it’s important to note that the Australian Taxation Office (ATO) views trusts as a way for the wealthy to conceal income, evade taxes, or launder money. As a result, it’s crucial that trust tax returns are prepared and lodged correctly to avoid severe penalties.
At Amaze Accounting, our experienced CPAs and Chartered Accountants understand the complexities of trust tax returns and are here to help. We can analyze, prepare, and lodge all types of trust tax returns based on your individual situation. If your trust derives income, our experts can assist you in navigating the complicated tax implications that may involve your trust.
Don’t let the complexities of trust tax returns stress you out, trust us to handle it for you. Contact us today to discuss your trust tax needs.