Trust reporting and lodging trust tax return

Trust reporting and lodging trust tax return

Registering, reporting and lodging trust tax return

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 tax liabilities arising from assessments made to them. Beneficiaries include their share of the trust's net income as income in their own tax returns and may need to pay instalments against their expected tax through the pay as you go (PAYG) instalment system.

We can assist you with:

• Annual accounts and detailed business schedule

• Preparation and lodgement of trust tax return

• Depreciation schedule on trust assets

• Income distribution

• Activity statements reporting GST & PAYG

If you would like to know more please contact us