Tax Planning Strategy #4: Trust Distributions Resolutions slideshow
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Family trusts or discretionary trust are trusts where you can distribute with the choice of who receives the income. The people that can receive the income are the trusted beneficiaries, and in 2012 the tax department changed the laws and said that before the end of June, every person with a family trust or discretionary trust has to have a trust distribution resolution, agreed to and signed before the 30th of June of every year.
Click here to schedule an appointment with one of our tax experts before the end of June.
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About Lan Nguyen
Lan is the Founder and Chief Strategist at Success Accounting Group, Melbourne based CA firm. In a matter of short 8 years she has built up a reputable Chartered accounting firm with 3 offices and a team of 6 professional accountants and support team members. Her mission is to provide Innovative and Strategic Financial advice to help her customers make smarter financial decisions today for a brighter future.
Success Accounting Group is for established business owners who would like help to grow a sustained business. As a business owner you understand what drives your business success with our accounting team taking care of the rest.