Accountants swamped in stimulus dash

Mozo

Thursday 26 February 2009

Accountants across the country have seen their customer volumes soar as Aussies rush to get their tax returns filed in time to qualify for their slice of the $42 billion stimulus package.

The Courier-Mail reports that there is a lot at stake for average families, with upwards of $4,000 up for grabs to help pay for credit cards and home loan bills or even go on a little bit of a shopping spree.

Speaking to the paper, Paul Drum, from the Australian Society of Certified Practising, said that Australians are “definitely getting a wriggle on”.

“Interestingly enough, some people haven’t contacted their tax agent for years,” he added.

The society reckons that returns are flying through the tax office mailbox at a rate of around 100,000 a week.

The plan to inject the economy with the extra cash was announced last week, with the government inviting Australians to help shore up their household finances by paying off credit cards and home loans, or even putting a bit of money back into the nation’s cash registers with a bit of a spending splurge.

People may also want to compare savings accounts and put the cash aside for a rainy day.

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