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Business Payments Into A Trust
What would be a good classification for money paid from a business to a Trust, to avoid any tax issues on the business? I am thinking Donation, Contribution, Professional Fees, Consultancy and then submitting an invoice from the Trust to the company?
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3 Replies
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Much appreciated. I read the document but im still unsure where my bookkeeper should put any transfers to the trust. Instead of putting into Dividends, would it be prudent to put Trust payments into Consulting or Professional Fees and would you suggest I submit a consultancy bill from the Trust every month?
Really appreciate any assistance xxxxxx
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