Great Franking Credits Calculator

Discussion in 'Accounting & Tax' started by Terry_w, 25th Apr, 2020.

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  1. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Terry_w, 25th Apr, 2020
    #1
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  2. Mike A

    Mike A Well-Known Member

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    Mike A, 27th Apr, 2020
    #2
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  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    At the end of the day I find a calculator works effectively.

    The gross up varies with % franked (eg ANZ) and tax rate (eg base rate entity) and marginal taxrate. And sometimes the assumption that franking is creditable get mistaken by many using these calculators. eg Non-refundable offset for a company. FTE for a trust etc. Non-resident shareholder / beneficiary etc So the advice is broader than a simple calc. And I dont like being challenged for professional mistakes using third party calcs. I learned long ago to recheck calcs anyway.
     
    Paul@PAS, 27th Apr, 2020
    #3