Tax cuts burn franking credits

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Running Time: 5:33

Date: 01/04/2017

It’s hard to keep up with government changes to tax, let alone how they might affect a business between announcements and legislation.

Tax expert Michael Jones highlights the issue with the government’s proposal to reduce the small business company tax rate from 30% to 27.5%. Until the legislation is passed, how should you address franking credits to shareholders?

Michael Jones, Cummings Flavel McCormack