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Kapiti Coast, Wellington, New Zealand GAB Chartered Accountants have just expanded their specialist trust accounting services to accommodate increased numbers of business owners and professionals returning from periods overseas.
Mr Graeme Beardsley, founder and principal of GAB Chartered Accountants said, “There has been a noticeable trend of business owners and professionals returning from stints overseas and wanting professional advice on setting up trusts on arriving back in New Zealand.” He went on to say, “The legal and taxation issues relating to the setting up of family and trading trusts are complex. Staff have over 25 years of experience in this field and are well qualified to handle the most complex of cases presented.”
Any individual with assets such as their family home and investments, needs to consider the protection of those assets. Each person’s situation is unique but GAB Chartered Accountants generally recommend a mixture of appropriate insurance cover and a family trust. The issues and options are discussed with the client to ensure they understand what’s involved. They then liaise with the lawyer and other professional advisers to ensure the appropriate structure is put in place.
Trusts can be established for a variety of reasons and there are two major types. Firstly, Trust’s which provide protection for personal assets such as the family home & investments. These are commonly referred to as “family trusts”. Secondly, Trust’s established to operate a business. These are commonly referred to as “trading trusts”. Trusts can provide a high degree of flexibility in managing your investments or business, and can provide a number of tax planning opportunities. GAB Chartered Accountants insist that correct management is vital if the trust is to operate effectively and avoid attack.
About GAB Chartered Accountants
GAB Chartered Accountants principal, Graeme Beardsley, hails from Christchurch and spent the first few years of working life with the Inland Revenue, then worked for a number of years in one of New Zealand’s leading trustee company’s. Graeme became a Chartered Accountant and member of the Institute of Chartered Accountants of New Zealand in 1987, entering public practice in 1998.
Graeme has gained extensive experience in assisting a wide variety of business owners, investors and trustees comply with accounting, tax compliance and governance responsibilities.
GAB is a Chartered Accounting practice providing a range of accounting and tax services. It is based in Paraparaumu and acts for clients in the wider Wellington region and beyond. They recognise that clients can be very busy and part of the personal service provided is visiting clients at the business or home, if that is more convenient.
To Learn more about GAB Chartered Accountants and the trust accounting and other services visit: http://gabaccountants.co.nz
Release ID: 93115