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Trust Accounts & Tax Compliance

Trust Accounts
Trustees may overlook the need to prepare trust accounts, which is an integral part of trustee responsibilities.

The Trustee Investment Act 2000 has introduced new rules for trustees in the preparation and maintenance of accounts and has imposed obligations on trustees to ensure that they comply with their statutory duties. We recommend that accounts are prepared on a regular basis in order to discharge those responsibilities.

Tax Compliance
Under self assessment trust taxation issues need to be dealt with on an annual basis.

For more information or an informal chat - Contact Chris Bond or Email , cb@sbca.co.uk