The Advantages of Unfranked Dividends

The Advantages of Unfranked Dividends

An unfranked dividend represents company profits paid to shareholders which have no tax credits attached to the dividend. Ed Chan of Chan & Naylor accounting firm in Sydney talks about its advantages in detail. All dividends whether franked or unfranked are not a...
Do You Have to Pay Tax on Lottery Winnings?

Do You Have to Pay Tax on Lottery Winnings?

Ever wondered if you have to pay tax on lottery winnings? Well, guess what, if you win tomorrow’s mind-blowing $100M Powerball draw, you can have all the winnings to yourself! Yay! According to the Australian Taxation Office (ATO), if you win in prize draws, raffles,...

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