Trust

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    Trust

    Whether you need personal financial statements prepared to obtain financing for your next business venture or you simply need to outsource your trustee duties, Statewide Business Accounting professionals will provide you with the guidance and information you need.

    • Audit, review or compilation of personal financial statements
    • Investment performance monitoring
    • Budgeting and cash planning
    • Trust accounting
    • Daily financial management for personal and family wealth
    service1 - Statewide Business Accounting Services in Australia
    service2 - Statewide Business Accounting Services in Australia

    A trust is created when a person (settlor) transfers legal ownership of assets to a certain person(s) (trustees), to be held on trust for the benefit of one or more named beneficiaries.  Trusts are a popular asset management and planning tool, and there are several types of trusts with different purposes.

    Trust Accounting

    Sole traders may or may not be registered for VAT. You will be required to register for VAT if you have a taxable turnover about the VAT threshold, which is currently £85,000. However, you can also voluntarily register for VAT if you turnover is below the threshold.

    Statewide Business Accounting are Chartered Accountants with expertise in trust accounting services and trust management:

    • Family trusts
    • Investment trusts
    • Charitable trusts
    • Trust tax returns
    • Trust compliance
    • Trust set up and structuring