Secure your business and family assets, reduce tax liabilities, and safeguard your wealth.

Selecting the appropriate type of trust proves advantageous for safeguarding both business and family assets, orchestrating income management, and strategizing for your financial future. With meticulous configuration, a trust streamlines income distribution, effectively manages and reduces tax liabilities, and establishes a robust framework for long-term wealth preservation.

However, the process of establishing and overseeing a trust can pose challenges due to its complexity. Accurate administrative tasks are essential, requiring annual updates to ensure compliance with stringent legal requirements.

Seeking professional advice is highly recommended when drafting the trust deed, as it determines the operational framework of the trust. Our expertise allows us to guide you in effectively managing your trust, minimizing tax obligations, and mitigating liabilities.

Under professional management, trusts have the potential to redistribute income among trustees, thereby potentially reducing tax burdens for beneficiaries subject to lower tax rates. PATS Accounting Professionals offer assistance in obtaining a Tax File Number for annual tax return filings. Additionally, we can facilitate the establishment of an ABN for the trust and its registration for GST if the annual turnover exceeds $75,000 or $150,000 for non-profit organizations.