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:
“... art transcends its limitations only by staying within them.”
—Flannery O’Connor (1925–1964)
“The limitations of pleasure cannot be overcome by more pleasure.”
—Mason Cooley (b. 1927)
“Growing up means letting go of the dearest megalomaniacal dreams of our childhood. Growing up means knowing they can’t be fulfilled. Growing up means gaining the wisdom and skills to get what we want within the limitations imposed by reality—a reality which consists of diminished powers, restricted freedoms and, with the people we love, imperfect connections.”
—Judith Viorst (20th century)