NEW AND EXPANDED TRUST REPORTING: It’s Here!
New rules aimed at providing more transparency on beneficial ownership of assets now require that more trusts (and estates) file tax returns. These changes will catch many individuals and businesses that may not be aware of their trust-like relationships, exposing them to potential penalties and other consequences for non-compliance. The rules become effective in 2023, with a filing deadline of April 2, 2024.
Full details can be found on the attached Word document below, click the link below to download your copy:
We offer professional accounting services to clients in Port Alberni, Tofino and Ucluelet, including financial planning, corporate and personal tax preparation, family trusts and estates, bookkeeping, as well as business planning, budgeting, and staff training. Put our expertise to work for you.
A Robbins and Company Office
Accounting Services in Port Alberni
Whether you operate a growing corporate entity, a small proprietorship, or need your personal tax return prepared and filed, the Robbins & Company, accounting firm has the team and the tools to help your business succeed.