The M.A.S Partners
newsletter.

Monthly small business insights from our team.

Each month we put together a newsletter covering accounting advice, tax updates and small business insights for Australian business owners. Browse our editions below.

Trusts

Taxpayers should review trust deeds to determine how trust income is defined. This may have an impact on the trustee’s tax planning.
Trustees should consider whether a family trust election (an FTE) is required to ensure that any losses or bad debts incurred by the trust will be deductible and that franking credits will be available to beneficiaries.
Taxpayers should avoid retaining income in a trust because it may be taxed in the hands of the trustee at the top marginal tax rate.

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