Posts tagged "franking credits"

At the end of this financial year, our federal debt will exceed $320 billion. We will need real tax reform to reduce our ballooning debt levels.

Business owners are being encouraged to manage their cashflow ahead of new laws putting a stop to the ATO being used as a 'de-facto bank'.

Dick Smith called the tax office to complain after it sent him $500,000 for franking credit refunds, calling it "outrageous".

Franking credits should be front of mind for businesses this tax time as tax agents advise companies to think ahead to avoid tax leakage.

Here are five common mistakes the ATO is taregtting this end of financial year — as well as how to avoid making them in your own business.

Opposition leader Bill Shorten will unveil plans to limit cash credits where taxpayers have excess imputation credits. Will it hurt small businesses?