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ok simple example.
Therefore Profit BEFORE tax $100000
Less Company tax 26% $26,000
Remaining net profit after tax $74,000 (this is the important number)
Any part of this amount can either be paid out as a dividend (franked if the timing of franking credits has been managed correctly) or retained as profits and paid out as a dividend in a later year. Dividends do not have to be paid out but often for small companies, it’s required as part of a tax strategy to manage the related party loan accounts – that is probably what your accountant is doing.