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April Focus - Tax Bonus Scheme
Government Measures to help in these tough economic times.
With the downturn in the economy many Australians are doing it tough. The Federal Government is planning to give us all a helping hand with a tax bonus and business tax breaks.
The Tax Bonus Payment
Some taxpayers will receive a one off payment of up to $900 to help boost the economy. These payments will be made by the ATO in the coming months. To receive this payment you must have completed your 2008 Income Tax Return.
Business Tax Breaks
Some business taxpayers will be allowed to claim a bonus deduction of up to 30% on eligible assets purchased prior to 30 June 2009. This deduction is in addition to any depreciation claim you would normally be allowed.
For more details follow the link below and select the “” article.
Key dates between now and the end of April include:
21 March – February 2009 monthly activity statement due for lodgement and payment
21 April – March 2009 monthly activity statement due for lodgement and payment
28 April – Superannuation guarantee contribution. January to March 2009 contribution to be made to the fund by this date
