A trust is a commonly used structure for protecting business or family assets, managing income and planning for a smart financial future.
A properly configured trust will help you to distribute your income, manage and minimise taxes and create structures to maximise long-term wealth and provide a valuable way to protect the assets you have accumulated.
A trust structure can save you tax by distributing income to family members as well as providing income to loved ones, while reducing your total family tax liability. Legally reducing the amount of tax you pay is vital in your path of wealth creation.
At Teakle Accounting we can help you determine which type of trust is right for your business and personal future, then help you make the most of it to save taxes and protect your assets.
Our extensive experience with trusts enables us to offer specialist advice on trust formation and ensures all statutory requirements are met. Obligations for trustees can often be onerous, and our assistance in trust administration can prove invaluable.
We ensure your trust is formed and administered as effectively as possible, covering all legal requirements and guaranteed to fulfill its purpose.
We can assist with:
- Preparing and executing the vital documentation required for trust formation
- Attending to the special requirements involved in reporting for trusts
- Completing the trust administration:
- Annual accounts
- Asset management
- Income distribution
- Minute-keeping service
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