The new Trusts Act brings new and important
obligations that you must follow.
The new Trust Act is already in force, and if you haven't already established what it means to you, you, and your assets, may already be at risk.
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The good news is your OneTeam advisor can work with you to get compliant with IRD and Trust laws, and put in place processes to make sure you stay that way.
Everybody's situation is different and there's a lot of work involved, but we've come up with a package to help get you - and your Trust - sorted.
Our Trust Review package includes:
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A thorough review of Trust documentation, including your Trust Deed
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A review of the financial statements and the transactions undertaken by your trust during the April 2020 – March 2021 year to ensure these are documented correctly in the event IRD requests more details from you
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Recommendations around any gifting needs to be made to remove your personal assets from external risk
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Drafting of documents and design of processes that ensure any future transactions are recorded correctly and that they meet the IRD and Trust Law requirements for that year and future years
Prices start at $995, but you can spread the payments over X months Everybody's situation is different, so we recommend you contact your OneTeam advisor for a quote to ensure everything is taken care of.
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Paul Davies
Chartered Accountant
Partner
Paul specialises in Travel and Tourism, and also advises clients in the areas of business succession, business valuation, and business coaching. He has heaps of experience in forming trusts for clients and restructuring their finances in a tax-efficient manner.
Raymond Goh
Chartered Accountant
Partner
Raymond is a Chartered Accountant with 20 years’ experience in various sectors of accounting and businesses. He draws on his extensive experience to help you reach your goals. Raymond has always been a tech-wiz and enjoys increasing productivity and efficiency in this way. He has helped improve Xero systems and streamline procedures for his clients.
Manoj Vagh
Chartered Accountant
Partner
Manoj has extensive experience in the Travel and Tourism industries. He advises clients in the areas of financial management and tax. He also helps with valuations, systems and the use of tax intermediaries. Manoj has developed close working relationships with many of our clients.
