Tax schemes too good to be true

Tax schemes too good to be true

Have you ever received tax advice, or been shown tax schemes that sounded too good to be true? It might be an illegal tax scheme. A tax scheme could involve complicated deals, change the way money is used to avoid paying taxes, or make false claims for refunds. It...
Trust income

Trust income

How is Trust income treated? The net income of a trust is basically its taxable income. It’s calculated by subtracting allowable deductions from the trust’s assessable income for the year. This calculation assumes that the trustee is a resident, even if...