Calculating efficiency over a period of time can identify opportunities to reorganize staffing, or add or remove employees based on the company's volume of business, and an individual employee's long-term productivity can factor into merit increases and bonuses.
While trusts avoid probate, they don't avoid taxes. A transfer from a revocable trust will be taxed the same way as a transfer made through a will. Someone who inherits money from a revocable trust receives it tax-free, but the estate might have to pay estate tax on everything that it contains before distributing it.
Tax losses of trusts. Generally, if a trust's expenses are greater than its income it will have a loss for tax purposes. This tax loss will be a loss of the trustee and can not be passed to beneficiaries to offset against their income, except in limited circumstances.Losses can be passed to beneficiaries if they have a vested interest in the trust property from which the loss arises.If a trustee suffers a tax loss in an income year, they can use it to reduce their taxable income in the next year.osses can be passed to beneficiaries if they have a vested interest in the trust property from which the loss arises. If a trustee suffers a tax loss in an income year, they can use it to reduce their taxable income in the next year.