Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MORESMEs told to pay out dividends now
Many small-to-medium enterprises and their shareholders will pay more tax as the corporate rate drops to 27.5 per cent because of Australia's idiosyncratic dividend imputation system, experts say.
The perverse outcome arises because companies will have paid tax on profits at a rate of 30 per cent for the years before 2016-17 but will only be able frank dividends at the lower rate of 27.5 per cent if they are paid out after 1 July, 2016.
Read the full article on the Australian Financial Review.
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