The Australian Tax office has been granted more funding to pursue trusts.
If you operate your business or investment activities through a trust then be warned :–
THE ATO SEES YOU AS A TARGET!
Discretionary trust's have potential risk and tax planning benefits. The effective use of a discretionary trust can effectively reduce your tax cost. BUT, it is critical that income is distributed in accordance with the relevant legislation, the terms of the trust deed and the ATO's requirements.
These three factors are regularly changing.
Unless you are up to date with recent court cases, legislation amendments, and the six key requirements of a robust trustee resolution then our strongest advice is to allow us to prepare your resolution. In the end this may save you a future headache!
For more information please contact our office or make a booking to see one of our qualified professionals here: Make an Appointment to Save me Future Headaches
PHONE US NOW ON 07 5439 1600
AND LET US SAVE YOU A FUTURE HEADACHE
2014 Trustee Resolutions CBS confirmation form [242 Kb]
2014 Trustee Resolution Confirmation Form to be used by Trustees to confirm an Annual Resolution is required.
2014 Trustee Resolution CBS Not Required [249 Kb]
2014 Trustee Resolution CBS Not Required
2014 Trustee Resolution AFA Confirmation Form [216 Kb]
2014 Trustee Resolution Confirmation Form
2014 Trustee Resolution AFA Not Required [223 Kb]
2014 Trustee Resolution AFA Not Required to be completed by Trustees who have made the decision that an Annual Trustee Resolution is not required.