ATO franking credits explained
ATO franking credits explained
8 months ago
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💡 Franking credits — one of the smartest ways to pay yourself. Instead of taking everything as salary or wages, some business owners pay themselves a franked dividend. 👉 Why? Because the company has already paid tax — and you get credit for that. In this example, the tax bill drops to $245,000, less than if they’d taken it all as wages. That’s the power of understanding how franking credits work. #FrankingCredits #DividendStrategy #TaxPlanning #BusinessOwners #EntrepreneurAustralia #SmallBusin
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