Attention trustees! This is your friendly reminder to make a resolution regarding the trust distribution for the 2013 financial year. In basic terms this means that trustees of the trust need to determine which beneficiaries are going to receive the income of the trust prior to June 30th.
Further to this, the tax file numbers of the beneficiaries need to also be reported to the ATO but you have until late July for that.
We have sent several points of correspondence regarding this issue so I’ll be brief but if anyone has any concerns or questions about this – please call the office this week.