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READ MOREAccountants cautioned on ‘one size fits all’ approach to trust distribution
Two weeks out from the end of the financial year, accountants should be cautious in their approach to trust distribution minutes, says one tax expert.
In the face of mounting workloads and the stress that may accompany them, accountants should be wary of the concept of “specific entitlement”, and be aware of the specific requirements that need to be followed in trust distribution minutes, said John Jeffreys, tax counsel at Tax & Super Australia.
Read more at Accountants Daily.
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