Limitations
The total of Division 7A dividends in an income year is limited to a private company’s distributable surplus for the year.
Read more about this topic: Division 7A Dividend
Famous quotes containing the word limitations:
“To note an artist’s limitations is but to define his talent. A reporter can write equally well about everything that is presented to his view, but a creative writer can do his best only with what lies within the range and character of his deepest sympathies.”
—Willa Cather (1876–1947)
“The only rules comedy can tolerate are those of taste, and the only limitations those of libel.”
—James Thurber (1894–1961)
“... art transcends its limitations only by staying within them.”
—Flannery O’Connor (1925–1964)