Colin Green and his brother Nigel have always been interested in plants. Two years ago, in 2017, they established Green Brothers Horticulture Pty Ltd, with each brother owning half the shares on issue. Both Colin and Nigel have full-time jobs as engineers and earn good salaries: Colin's annual salary is about $200,000 and Nigel's is about $225,000. Their horticulture company is on a fairly small scale: annual turnover is about $150,000, so the company's tax rate is 27.5%. Its operations are really only a part-time interest for the brothers. Nevertheless, in the current financial year (2019-20), the company has been performing quite well and Colin and Nigel expect it will have a taxable income of about $44,000. Colin and Nigel have read press reports about the tax benefits associated with franking credits and are wondering whether the company should declare a dividend for tax reasons. They have asked you for advice. What is your advice? Why? (For simplicity, ignore the Medicare levy and assume that capital gains tax is payable at the end of the financial year.)