Accounting for Trusts

Expert accounting and tax services for family trusts

Requirements for accounting and taxation for trusts have increased over the last few years with the introduction of the Trusts Act 2019 and, beginning in the 2022 financial year, increased reporting and disclosure requirements from the IRD. Additionally, a new trustee tax rate will come into effect from 1 April 2025, adding another layer to the complex landscape.

If you have a trust, you will be aware that having an external accountant is part of good trust management.

If you’d like to organise a no obligation meeting to discuss your accounting requirements, please get in touch.

 

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What we do

  • Annual financial statements
  • Bi-monthly GST returns
  • Tax returns
  • Provisional tax reminders
  • Accounting support
  • Tax advice
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Latest News

Determining a trust’s tax residence: a guide for settlors moving from New Zealand to Australia

Determining a trust’s tax residence: a guide for settlors moving from New Zealand to Australia

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When a settlor of a trust relocates from New Zealand to Australia, determining the trust’s tax residence becomes crucial. This

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What trusts are exempt from full IRD compliance?

What trusts are exempt from full IRD compliance?

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Trusts play a significant role in managing wealth, protecting assets, and ensuring succession planning in New Zealand. However, with increased

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New trust tax rate: mitigating over-taxation

New trust tax rate: mitigating over-taxation

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As part of the Taxation (Annual Rates for 2023 – 24 Multinational Tax and Remedial Matters) Bill, the trust tax

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Four simple steps to get started with The Accounting Hub:

 

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