Did you happen to notice those sneaky little questions on your Census form about Trusts? It’s a sure sign that the Government is now ramping up its interest in Family Trusts (which you might recall, we predicted over two years ago). So, what does this mean for you? It means getting your Trust paperwork absolutely perfect to ensure that your Trust provides the protection you set it up for. Otherwise, you could be in for a rude (and expensive) shock. To help you get started, we’ve attached links to some of our most popular articles about running family trusts properly. Enjoy! (more…)
Family Trusts under fire
May 1st, 2013 | Posted by in Taxation | Trusts | Virtual Accountants Auckland NZ | Xero Accountant / Zero Accountants - (Comments Off on Family Trusts under fire)Do I need to do Accounts for my Trust
May 25th, 2012 | Posted by in Annual Accounts | Chartered Accountant Auckland | Financial Statements | Trusts - (1 Comments)Blockbuster movies have us believing we’ll grow up to be something exciting like James Bond (or one of the Ghostbusters crew) but in reality I seem to have landed the much less coveted role of Myth-buster. One myth I’m constantly up against is the one about Trusts not having to do Accounts (also known as financial statements) and like any urban myth there’s a minuscule element of truth to it but for the most part it’s completely wrong. (more…)