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)
“No man could bring himself to reveal his true character, and, above all, his true limitations as a citizen and a Christian, his true meannesses, his true imbecilities, to his friends, or even to his wife. Honest autobiography is therefore a contradiction in terms: the moment a man considers himself, even in petto, he tries to gild and fresco himself.”
—H.L. (Henry Lewis)
“The only rules comedy can tolerate are those of taste, and the only limitations those of libel.”
—James Thurber (1894–1961)