Setting up a trust can be complex, but with the right guidance, it doesn’t have to be. At TaxFile Accounting, we specialise in trust formation, management, and compliance for individuals, families, and businesses across Australia.

Our goal is simple: ensure your trust is legally compliant, efficiently managed, and tailored to your financial goals.

Our Trust Services

Complete Trust Setup & Documentation

We handle everything to establish your trust correctly from day one:

• Drafting trust deeds and legal documentation

• Selecting the appropriate trust structure (discretionary, family, unit, or hybrid trusts)

• Registration for TFN and ABN

Legal Compliance & Reporting

Stay compliant with ATO requirements and avoid penalties. We ensure:

• Ongoing trust compliance and reporting

• Annual review of trust deeds

• Preparation and lodgement of trust tax returns

Trust Administration & Governance

We take the stress out of day-to-day management:

• Trustee duties and governance support

• Minute-taking for trustee meetings

• Maintaining records and accounting systems

Annual Accounting & Tax Lodgements

We manage your trust’s finances and ensure accurate reporting:

• Annual financial statements for the trust

• Trust income distribution calculations

• Preparation and lodgement of annual tax returns

Income Distribution Advice

Maximise tax efficiency and ensure proper allocation of trust income:

• Discretionary income allocation to beneficiaries

• Guidance on minimising tax liabilities within legal limits

• Strategic planning for future distributions