The implications of the changing company tax rates on the dividend franking rules
Recorded 13 August 2020
Working with the passive income test Step-by-step guide to applying the tax rate and franking rules What the change to a 26% lower tax rate from 1 July 2020 means for your clients
With so many changes to the company tax rate and franking rate rules over the last few years, not to mention ATO guidance which has sometimes raised more questions than it has answered, it has become far more difficult to determine the tax rate and franking rate that applies to many company clients.
The Company Tax & Franking Rules Webinar walks through the rules step-by-step to ensure that you and your team can apply them with confidence both now and as further changes take effect in coming years.
We also look at planning opportunities to ensure that clients can make fully informed decisions around payment of franked dividends and don’t inadvertently waste franking credits that have been built up.
What we cover
This practical session covers:
How to determine whether a company is a base rate entity
A step-by-step guide to which tax rate to apply
Applying the new passive income test
When income is received from a trust or partnership – how to work through the tracing process
How one-off events can make a difference to the tax and franking rate
How to deal with bucket companies
How the business structure can change the outcome
A step-by-step guide to determining the maximum franking rate for dividends
Stranded franking credits and how to utilise them
Our Presenter
Michael Carruthers
Tax Director, Knowledge Shop
Michael oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney and is head of the Hayes Knight group’s national tax committee.
Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy
Michael is a member of the advisory panel for the Board of Taxation and is a member of the reference group for the Board’s review of small business concessions. He was also an expert panel member for the Board’s review of tax impediments facing small business.
Michael Carruthers
Tax Director, Knowledge Shop
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