iGenNews

2013 Federal Budget Top 10 – Actually, make that 5…..

2013 Federal Budget Top 10 – Actually, make that 5…..

Last week saw that high point we all get excited about in Australian Federal politics, (yawn………yeah, we know The Biggest Loser had the same time slot, but that’s the kind of sacrifice we make for you here at iGenWealth).  Those of us who tuned in were treated to the sheer spectacle of the Federal budget announcement by our beloved prime minister and her band of merry…... »

Fringe Benefits and Friends with Benefits – Not the same thing…

Fringe Benefits and Friends with Benefits – Not the same thing…

March is a unique month for accountants because it’s the end of the FBT year. FBT?  Is that the equivalent of friends with benefits, a one night stand with your best friend’s sibling or someone from the office?  I hear you ask. Not quite. Unfortunately, FBT (or fringe benefits tax) is a tax that employers must generally pay on benefits (other than taxable salary and wages) that form part of your o... »

Media Release: The Smileys Scholarship

Media Release: The Smileys Scholarship

Dean Johnson of local Chartered Accountants Wise Lord & Ferguson has earned a place in the national Social Media Influence, Leadership + Excellence Scholarship (SMILE) finals. The “Smileys” scholarship, run by Financial Standard, recognises financial advisers who use social media to improve their business practices and connect with their clients. »

2013 Tax Top 5

2013 Tax Top 5

Well it’s that time of the year again; time to start thinking about submitting your year-end tax return. Time to collect your payment summary from your employer and scrape together those all-important receipts for tax deductible expenses – out of your wallet, handbag, the glove box in your car and out from among the dust bunnies under your bed. That’s right everybody, it’s ... »

Mother Nature and the Flood Levy

Mother Nature and the Flood Levy

  The flood levy only applies to people who have a taxable income over $50,000. The good thing about the flood levy is that it ONLY applies from 1 July 2011 to 30 June 2012, providing that Mother Nature is kind and that we don’t see any more disasters in the next 6 to 12 months.   The Flood Levy The flood levy tax for individuals is as follows1:   Taxable Income               ... »

Charities that provide returns

Charities that provide returns

We all know that donating to a charity can be tax deductible, whether it is $2 or $2,000 you can claim it against your tax providing you keep your receipts. Tax deductions are great but donating isn’t always an option for everyone but have you ever thought about donating to a charity that provides a return? Change a Life I’m sure you have all lent money to a friend or paid for their lu... »