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12 March 2009

Extract from the Newsletter of HOFFMAN KELLY Chartered Accountants

When we refer a client to Hoffman Kelly, we know the client will be looked after with skill and professionalism.

The following is an extract from Hoffman Kelly's latest newsletter:

Economic Stimulus Package (2)
Amongst other measures this package includes cash bonuses and a Small Business tax break.
• Tax Bonus for Working Australians of up to $900 paid to every eligible Australian worker earning $100,000 or less.
• $900 Single Income Family Bonus.
• $950 Farmer’s Hardship Bonus paid to around 21,500 drought affected farmers and farm dependent small business owners receiving exceptional circumstances related income support.
• $950 per child Back to School Bonus to support 2.8 million children from low- and middle-income families.
• $950 Training and Learning Bonus paid to students and people outside of the workforce returning to study to help.

Small businessinvestment incentive
• The small business investment incentive provides an additional tax deduction for depreciable assets costing $1000 or more acquired from 13 December 2008 to 30 June 2009, where the asset is also installed before 30 June 2010. The deduction will be equal to 30 per cent of the asset’s cost.
• For assets acquired between 1 July 2009 and 31 December 2009 and where they are installed ready for use before 31 December 2010, the deduction is 10 per cent of the asset’s cost.

Please refer to our website for a link to the official Australian Government Release on each of the above measures including detailed eligibility information. Please note eligibility for the $900 ‘Working Australians’ and ‘Single Income Family’ Bonuses is dependent on lodgement of individual 2008 income tax returns before 30 June 2009.

Hoffman Kelly Chartered Accountants & Business Advisors
M: P.O. Box 26, Coorparoo, QLD, 4151 P: (07) 3394 2311 F: (07) 3397 8362E: W:

For the full newsletter go to:

Yours in Property

1 comment:

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