Dividend Income workpaper

The Dividend Income workpaper brings together dividend information from three sources: ATO Prefills, related entities and client-provided information. It calculates unfranked dividends, franked dividends, franking credits and TFN withholding.

Data extraction

ATO Prefills: the following values are brought in from the ATO Prefills workpaper:

• Unfranked dividend

• Franked dividend

• Franking credits

Related entity dividends

For each dividend from a related entity, record:

• Company

• Date

• Unfranked dividend

• Franked dividend

• Franking credits

• TFN withholding

Client-provided dividends

Enter any dividends the client has provided that are not included in ATO Prefills.

Calculations

• Total Dividend = Unfranked + Franked for each dividend.

• The franking percentage is calculated from the dividend and franking credit amounts.

Note: If there is a franked amount and the franking percentage is not 30% or 25%, the workpaper shows "Check amount of franking credits".

Totals

Separate totals are calculated for unfranked dividends, franked dividends, franking credits and TFN withholding. The overall totals combine all three sources:

Total = ATO Prefills + Related Entity + Client Provided

The combined dividend amounts and franking credits flow to the ITR Summary.

How to access

• Go to Jobs and open the relevant job.

• Click the Workpapers icon or navigate to Job Results then Workpapers.

• Select Dividend Income on the Workpapers Dashboard.