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 Nanaimo, Lantzville and Ladysmith, 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
Chartered Professional Accountant in Nanaimo
Robbins & Company is a full-service accounting firm located in Nanaimo, BC, providing accounting and financial planning services to individuals and businesses. Our team’s focus is assisting clients through sound financial planning and business advice. We believe that our personalized service and a strong commitment to helping you attain your financial goals contribute to our success. Stereotypes abound about accountants and we assure you that while your beans will be counted, our forward-thinking approach to financial planning will benefit you and your business.
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.
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For professional accounting services in Nanaimo, Ladysmith and Central Vancouver Island, contact Robbins & Company, Chartered Professional Accountants