Residential Property Investor Accounting & Taxation Annual Compliance Pack Non-GST Fixed Trust Tycoon Pack
Suitable for passive Property Investment Fixed Trusts that are not registered for GST. Perfect for private pooled investments with five residential rental properties – set and forget compliance for only $115 per month (conditions apply).
Package includes:
- Preparation of the annual financial accounts for the Trust
- Preparation of the end of year member distributions statements for the Trust
- Preparation and lodgment of the end of year Rental Income Schedule for the Trust
- Preparation and lodgment of the annual Australian Trust Income Tax Return
- Preparation of the annual Special Purpose Financial Report incorporating Special Purpose Financial Statements
Package prerequisites:
- Taxpayer must be non-registered for GST (and meet legislated turnover requirements for maintaining non-registered for GST status)
- Standard fixed entitlement trusts only (no hybrids or special trusts)
- Closely held trusts only (no reporting entities)
Initial Requirements:
- Access to prior year information, including: latest lodged Tax Return and Associated Schedules, Balance Sheet information (where applicable), and other information as required
- Taxpayer information, such as TFN, ABN, Trading Name, Banking Details, Member Details, etc
- Carry forward information such as Depreciation data, Finance Information, etc.
Ongoing Requirements:
- Information re: classification of transactions required
- Property Manager Statements, Bank statements, Loan statements, Credit Card Statements, etc
- Documentation associated with Capital Acquisitions/Disposals (e.g. purchase contracts, invoices)
- Information about mixed transactions or changes in usage
- Relevant trustee and member resolutions
Package Limitations:
- Maximum of 5 rental properties owned by the trust (i.e. multiple tenancies treated as separate properties)
- Maximum of 5 accounts used by the trust (i.e. bank accounts, loan accounts, credit cards, etc)
- Excludes all non-standard additional compliance requirements such as foreign exchange transactions translation, business restructuring adjustments, Capital Gains Tax calculations upon sale of property, and other isolated events (subject to add-on charge at end of year at standard professional rates)
- Excludes advice fees for additional out-of-scope services, such as personal tax returns of members, etc (subject to add-on charge at standard professional rates as required)
- Excludes amounts payable to the ATO, ASIC or other regulators, etc
- Minimum 12 month subscription applies
- Maximum 1 years reporting (i.e. financial accounts, rental schedule, annual tax return, etc) per 12 month subscription
- Payment only by pre-approved automated recurring monthly billing (via PayPal) or 12 months non-refundable prepaid via BPAY
- Subject to Property Investor Annual Compliance Fixed Fee Package Engagement Terms & Conditions.
How to order:
- Step 1: Process recurring monthly payment authority via PayPal using the button below
or contact us to arrange for payment by BPay
- Step 2: Complete and Submit Registration Form
- Step 3: Await contact from us regarding further information if required