Can my Company pay a Franked Dividend?
Franked Dividends pay the shareholder a dividend and credit some of the tax paid by the Company. This is called franking and is transferring the tax as a credit when the Company pays Profit to shareholders and ensures that the tax paid is passed onto the shareholders. Running your own Company will mean that, as a shareholder, you will want to access these profits. This is done as a Dividend. A dividend can only be paid to Shareholders when the company has retained earnings and is solvent. Meaning that the company can pay its debts at the time of paying [...] READ MORE