Box Advisory Services
Annual Trust Tax Return
Our team of small business accountants can assist in the preparation and lodgement of your annual trust tax return
Awards & recognitions
Benefits of Accountant-Prepared Trust Tax Returns
If you are reading this, then you either have a trust, or you are considering setting one up. Running a trust can provide some great benefits in asset protection for your family’s financial future.
Unfortunately, the ATO has taken a view of trusts as a way for the wealthy to conceal income, evade tax or to launder money. Therefore, incorrectly lodging or missing a trust tax return deadline can result in severe penalties.
If your trust derives income, then a qualified accountant can assist in navigating the complicated tax implications that may involve your trust.
At Box Advisory Services, our Chartered Accountants understand your needs, and we can analyse, prepare and lodge all types of trust tax returns.
Frequently Asked Questions
You can either lodge your company tax return directly with the ATO or with a registered tax accountant. Registered tax agents and BAS agents are authorised by the Tax Practitioners Board to prepare and lodge tax returns on behalf of their clients.
Using a tax professional can help ensure your company tax return is accurately prepared and lodged on time. Tax agents have a thorough understanding of tax planning and can advise on how to maximise your return.
If you are submitting your company tax return directly to the ATO without any prior year returns overdue, then the due date for all 30 June balancing companies is 28 February or 15 May the following year. However, it is important to note that failure to lodge on time can result in penalties from the ATO.
If you have prior year returns overdue, then the due date will be 31 October of the same year. The ATO requires company tax returns to be lodged in a timely manner and will impose late lodgement penalties if deadlines are not met.
Lodgements with registered tax agents with good on-time lodgement track records are offered later company tax return lodgement dates than the initial deadline. Using a professional tax agent can provide more time to prepare your company tax return accurately.
Box Advisory Services are registered tax accountants (Registration: 25452828) with over 13 years of company tax return experience.
Our expert team stays up to date on the latest tax laws and ATO requirements, ensuring your company tax return is prepared correctly and on time.
We offer our clients a special lodgement program arranged with the ATO that affords a later company tax return due date. This provides extra time to gather information and review your company tax return while avoiding late lodgement penalties.
With decades of combined experience, our tax accountants can uncover tax deductions and strategies to minimise your tax liability within the law. We provide personalised tax planning and advice tailored to your unique business situation.
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