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Address: 121 King St, Dameitta, EgyptComprehensive Analysis of Key Differences Between the Trusts Act 1973 and Trusts Bill 2025 in Queensland prepared by TrustEasy Team with the help of AI based research tools: Queensland Government announced this yesterday (1st of May 25): “Trust laws modernised after half a century Trusts Bill 2025 passed in Parliament, modernising Queensland legislation. New bill replaces outdated Act [...]
As the financial year concludes (often running April to March for trust accounts), Tax Practitioners face the essential task of preparing for the trust account audit. Getting your reports in order is key to a smooth assurance engagement. What Do Auditors Typically Require? Based on insights from Dinesh Choradiya, CPA, auditors usually need a specific [...]
New AML/CTF Compliance Rules for Accountants in Australia – Effective July 2026 Based on the proposed Anti-Money Laundering and Counter-Terrorism Financing Rules 2024 (AML/CTF Rules) in Australia, accountants who provide designated services under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) are considered reporting entities and must comply with the relevant AML/CTF obligations. Below is a [...]
Introduction In the world of tax advisory, trust accounting aka statutory trust accounting plays a critical role, especially for tax practitioners and accounting firms. Understanding what trust accounting is and how it works is crucial to stay compliant. In this blog, we will delve into the intricacies of trust accounting, explore how it works, and [...]
If you're a tax practitioner (Member in Practice) seeking a refresher on trust account requirements, you're in the right place. Our blog, authored by our product manager Dinesh Choradiya, CPA, is here to simplify the statutory trust account management requirements applicable to Australian accounting firms (Members in Practice). Every accounting firm (MIP) that deals with [...]
There is a simple 12 step process to connect TrustEasy with the trust account of the accounting firm. Once successfully connected, Accounting Firms can take advantage of Open Banking Bank Feeds. In recent years, the financial landscape in Australia has been undergoing a significant transformation with the introduction of Open Banking. This initiative promises to [...]
In the dynamic world of tax practice, choosing the right trust accounting software is crucial for Australian accounting firms dealing with "fee from refund" cases. TrustEasy, a specialized Statutory Trust accounting software, stands out as the premier choice. Explore the top 10 features that make TrustEasy the go-to solution for Australian accounting firms seeking efficiency, [...]
