BNR PARTNERS

financial reporting & compliance

Financial Reporting & Compliance

our expertise

Although not directly an estate asset, many people establish private companies, family trusts and self-managed superannuation funds to hold and develop their personal wealth. Frequently these structures contain historical issues that will need to be addressed as part of an administration, that require both a development of an overall strategy and working through either winding up or transferring control of these structures.

Our team has years of experience in advising on these sorts of complex structural issues. We are also able to assist executors with the preparation of annual financial reports and income tax returns. Executors take comfort in appointing an independent specialist accountant to historically assess and then process these entities.

COMPANIES & TRUSTS

Our team has many years of experience with the preparation of financial reports, income tax returns and business advisory services for both ongoing trading business’ and investment entities.

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Although not estate assets, many people pass away leaving behind private companies and trusts which need to be attended to as part of the estate administration process.  Often these are passive investment entities or occasionally trading entities with succession based matters to be implemented.   

We can also assist with tax planning both in life and in contemplation of death.  We are often engaged by executors to provide an independent review of financial reports prepared by the deceased’s accountant.

SELF-MANAGED SUPERANNUATION FUNDS

As one of the largest growth areas within superannuation in Australia, self-managed superannuation funds (SMSF) provide flexibility to manage your own investment decisions during your lifetime. 

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Our team can assist in the establishment of self-managed superannuation funds, and the annual compliance requirements with the ATO.  Post death, we are also able to attend to all aspects pertaining to the wind up of a superannuation fund and the associate payment of death benefits.

TESTAMENTARY CHARITABLE TRUSTS

Increasingly, high net worth individuals are providing for the establishment of a testamentary charitable trust as part of the estate planning process. For many executors and professionals this testamentary wish by the deceased can be very daunting as this type of Trust is not often encountered in general practice.

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BNR Partners has many years of experience managing both the registration requirements for charitable trust status and the preparation of financial statements in accordance with the requirements of the Australian Charities and Not For Profits Commission.  We are frequently engaged to also assist with taxation functions including the lodgement of activity statements and refund of franking credit applications.

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conferences and in-house training

Our team regularly presents on the various elements of estate taxation at legal conferences, as well as providing in-house training to both legal practices and trustee companies across Australia. We would be happy to discuss how we may be able to assist you with any conference, seminars or training events on this specialist topic.

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This is what some of our happy clients have to say about our services

testimonial

“Piper Alderman’s National Private Client Services team undertake assignments nationally for individual and institutional trustees and executors in the fields of family business, succession planning and deceased estates.

Our work is frequently complex and historical. Often those assignments are highly contested and litigious. In advising our clients and achieving optimum outcomes we understand the importance of specialist trust and estate accounting advice. When that advice is needed we are confident that Ian Raspin and his team at BNR Partners can be relied upon.”

ROD JONES | PARTNER