Search results

Mistakes dont usually occur with creation of a trust. Its after. When someone adds, changes things. Distributes income to another trust, Distributes income to a company that doesnt meet the definition of beneficiary, Loses the deed, doesnt read the deed etc. PI cover on a 20 page document is...

Terry - Its not just accountants.... The adviser says you can add an appointer and they can change the trustee. You can add extra beneficiaries etc... Then doesn't follow the trust deed for the term of appointment and method. So it ist valid...The trustee was invalidly appointed so the ATO...

The application process is identical for tax agents and clients. One single question is missing "What is the tax agent no"....The ABN appn is also a TFN and PAYG and FBT and GST application ...It keeps giving. IMO clients mess it up !! The ABN and TFN will be issued to "The Trustee For the XCD...

You can apply for a ABN / TFN online and not with an accountant. IT is a bit complicated and it may take some time. Its free. It will be issued later (usually). You then give the TFN to the bank afterwards. You will need to pass the 100pt ID test for the Trustee company and its Directors.