What Is A Franked Dividend

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=Zm7IIwugVDk

On a recent webinar, one of our attendees has asked, “Please define the term ‘franked dividend” • Here’s our answer - • If the company is earning $100,000 in profit, you will pay 26% of tax, and you've got $74,000 left in the bank account. • You can pay a dividend, and you can attach the $26,000 tax as a credit because you've already paid tax on that $74,000. We call it a franking credit to the dividend so that your shareholder isn't taxed on the full amount again. • In the shareholders' hands, they are not paying tax on the $100,000 without any credit because the company has already paid the tax for $26,000. So, it's basically preventing you from paying tax twice on the profit. • • Watch the full webinar, ‘Solving Company Loads Division/7A Problems ’ at • https://learning.benwalker.com/course... • ------------------------------------------------------------------------------------------------------------------------------------- • If you need to speak to an Accountant about a Australian tax and accounting, book a ZERO cost strategy call at https://inspire.business/chat. • Want to learn more? Check out our webinar replays FREE on https://learning.benwalker.com by selecting Free Preview . • Download a FREE PDF copy of our best selling book Cashed Up where you'll learn the 7 smart financial decisions of a Cashed Up business so you can pull more MONEY, TIME and HAPPINESS. https://inspire.business/book/ • Take the FREE Cashed Up test - Discover your cash score • and increase your ability to pull more money, time and happiness from your business. • https://info.inspire.business/cashed-... • For more content follow us on; • Facebook - / inspireca • Instagram - https://www.instagram.com/benwalkerca... • LinkedIn - / benwalkerca

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