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Bookkeeping – Tax- Free Stimulus Package Bonus to $900

Bookkeeping: A Tax Free Lunch on the ATO? As bookkeepers around Revesby, Panania, Padstow, Picnic Point, and suburbs to Liverpool and Bankstown, NSW, Australia, our clients often ask about meals as a tax deduction.

With the new Australian Government Tax- Free Stimulus Package Bonus to $900, how many free lunches would that get?

So if you want a free lunch, then the Australian Government one-off tax-free payments of up to $900 for eligible taxpayers, could be your ticket

As bookkeepers, we can sort out the documentation, set up a bookkeeping system, key the relevant data into an accounting software package, and get all the figures ready for your accountant or registered tax agent to then assist you with lodging your tax return. Contact our mobile bookkeeping service now to get your bookwork up to date.

We often get calls from bookkeeping clients requesting a bookkeeper to sort out their bookwork and get them upto date so that they can lodge their tax returns.

Our bookkeeping service can go to your premises and work on-site, or we can organise pick-up of your documentation and work at our offices.

The Australian Government Stimulus package of Tax Bonus payments refers to your personal tax return. So if you are self employed sole-trader, have a business partnership or a small business owner, you’ll need to have the figures prepared for your business so you or your accountant can calculate your earnings for the year 2007-08. Contact our mobile bookkeeping service now to get your bookwork up to date.

The ATO advises that you won’t have to pay tax on your payment nor will you need to report the receipt of your tax bonus on your income tax return. The tax bonus won’t be included in your separate net income for tax purposes.
To benefit from the Australian Government’s Tax Stimulus Package Bonus you’ll need to get your bookkeeping upto date and have your 2007/08 tax return lodged by 30 June 2009

Is the ATO using this to chase up tax returns, or is the government trying to stimulate the economy?

Apparently already 7.4 million people have already lodged their 2007-08 tax return, and they’ll start receiving their payments from Wednesday 8 April 2009.
If your 2007-08 taxable income was $100,000 or less and you paid tax, you could be eligible to receive a tax – free bonus payment of up to $900.

Is the Government trying to stimulate the completion of tax returns, or is it trying to stimulate the economy?

We should stress that we are not registered tax agents, and so any matters regarding taxation must be referred to your accountant or tax agent.

Contact our Revesby, Panania, Padstow, Picnic Point, and suburbs to Liverpool and Bankstown mobile bookkeeping service now to get your bookwork up to date, so you can lodge your tax return and benefit from the Tax- Free Stimulus Package Bonus to $900, and have a tax-free lunch on the ATO