Franked vs Unfranked Dividends - Tax Tips! #financeshorts #taxtips #dividendincome #taxplanning

Ever spotted “franked” or “unfranked” dividends on your bank statement and wondered what they mean? A franked dividend means the company already paid tax on that income, giving you a franking credit—a tax bonus! An unfranked dividend means no tax was paid by the company, so you might owe tax depending on your income. For example, if you earn $60,000 a year and get a $700 franked dividend with $300 franking credits, your taxable income adjusts—but you could get a refund on part of that credit! On your tax return, the ATO includes both the dividend and franking credit, helping reduce your tax payable or boost your refund. Got dividends? Don’t guess—talk to your accountant!

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Видео Franked vs Unfranked Dividends - Tax Tips! #financeshorts #taxtips #dividendincome #taxplanning канала Reliable Accountants