PROPER BUSINESS WORKING

Trust
Accounts

The trust account, also called an account in trust, holds funds “in trust” on behalf of a designated beneficiary. The trust account is created by an individual referred to as the settlor, who will be the trustee of the account. trustee, until they formally assign the trustee responsibility to another person.

Trusts can provide an efficient and effective way of minimising the inheritance tax liability on your estate.It also prevents non-intentional beneficiaries from receiving assets like in cases of divorce.

Accounting and Tax Services
Business Tax Planning
Retirement Strategies
Business Development
Strategy
Communication
https://careaccountancy.co.uk/wp-content/uploads/2022/02/Trust-Accounts.png
bt_bb_section_top_section_coverage_image
CREATE GREAT TEAM ENVIRONMENT

Uses of
Trust Accounts

There are many types of Trust that each have their own tax treatment. It is a complicated subject, so it is recommended to seek expert advice on the best choice for you.

We at Care Accountancy ensure that you have a deep understanding of your family’s situation and tax situation. We will then suggest the most appropriate type of Trust for your specific needs, including setting up the Trust and filling out all the paperwork, and providing accounting services. We also can advise you on the creation of your will and, if required you can be trustees, executors, or trustees.

Disclaimer

We offer the following services:

  • Considering your finances
  • Arranging administration
  • Implementing solutions that are tax-efficient
  • Giving advice on the types of trusts
  • Assisting in the making of wills
  • Offering advice on the various elements of planning for the future.

Our Tax advisors can give the required information to your lawyer or solicitor adviser to help them create the best Trust for you and your beneficiaries.

Trusts can be a delicate subject and, having set up one, we will assist in the preparation of tax returns. Self Assessment Tax Returns on behalf of the trustees. We also provide:

  • Accounts preparation for an annual trust account
  • Acting as trustee
  • Minutes of meetings that are concerned with running the trust
  • The drafting of trustees’ policies statements
  • Trusts can plan their inheritances in a way that is beneficial to them
  • Informing taxpayers of the importance of tax due dates
  • providing income statements for beneficiaries
  • In the process of preparing tax returns for beneficiaries

Click here to know more about our Trust and Estates Services.

https://careaccountancy.co.uk/wp-content/uploads/2022/02/trust-account.png
MORE THAN JUST ACCOUNTANTS

Sustainable solutions
To your problems

The key determinant of our success lies in client satisfaction and experience. We believe in a simple memorable, consistent customer journey through our website, networking, social media and referrals and engaging them on a long term basis.

STEP 1Expectations and delivery

We explain the work process to our clients, timescales, and responsibilities to eliminate any ambiguity. We make promises that we can deliver and align our processes to these commitments

STEP 2Care and Highest level of Service

Our entire team is extremely passionate about the requirement of our customers and their well-being. We are extremely thankful to them for the level of care and service provided by them.

STEP 3Communication is our strength

The strength of our client relationships vests in regular communication with them, whether face to face or virtual. We ensure that our client’s trust and understand us.

STEP 4You are just not a number

We focus on client relationships who are who are just not a number for us. Our product range is wide to suit their requirements. More importantly, we are always available to them whenever they need us.
sage_100
AutoEntry_100
modulr_100
BrightPay_100
quickbooks_100
AutoEntry_100
taxcalc_100
xero_100
OUR OFFICES

Get in Touch

Come and visit our offices or simply send us an email anytime you want. We are open to all suggestions from our clients.
Address
94 Street Lane
Rhoundhay
Leeds
LS8 2AL, UK
Address
9 Sheaf Lane
Coventry Road
Birmingham
B26 3EJ, UK
Contact
0113 8870 218
0121 7268 542
info@careaccountancy.co.uk

    Required fields are marked *

    https://careaccountancy.co.uk/wp-content/uploads/2022/03/leeds-map.png
    bt_bb_section_bottom_section_coverage_image
    CareAccountancyOffices
    94 Street Lane, Leeds
    9 Sheaf Lane, Coventry Road, Birmingham
    OUR LOCATIONSWhere to find us
    https://careaccountancy.co.uk/wp-content/uploads/2019/04/img-footer-map.png
    GET IN TOUCHCare Accountancy Social Links
    Taking seamless key performance indicators offline to maximise the long tail.
    CareAccountancyOffices
    94 Street Lane, Leeds
    9 Sheaf Lane, Coventry Road, Birmingham
    OUR LOCATIONSWhere to find us
    https://careaccountancy.co.uk/wp-content/uploads/2019/04/img-footer-map.png
    GET IN TOUCHCare Accountancy Social Links
    Taking seamless key performance indicators offline to maximise the long tail.

    Copyright by CareAccountancy. All rights reserved.

    Copyright by CareAccountancy. All rights reserved.