Looking into the new changes to affect small businesses with the new budget.
The biggest impact I see ( for me ) is the change from STC to DWT.
More so with the surprise announcement of the change in rate from 10% to 15%.
Logic tells me to pull out all retained earnings immediately and pay the 10% now ( cash holding sufficient to do this ) - your advice ?
Also, I keep seeing the term "STC Credits" - can anyone tell me, in laymans terms, what these 'credits' are ?