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February 2022 Newsletter

 

Year of the Tiger: Roaring or Bellowing?

The 2022 Luna New Year, Year of the Tiger, is courage and bravery. It is a year to drive out evil and one of momentum and change.

The message; walk boldly with courage. And it seems the Reserve Bank Governor is aligned with this sentiment.

Professional Services Firm Profits Guidance Finalised

The Australian Taxation Office's finalised position on the allocation of profits from professional firms starts on 1 July 2022.

PCR and RAT Tests to be tax deductible FBT free

The Treasurer has announced that PCR and rapid antigen tests (RAT) will be tax deductible for individuals and exempt from fringe benefits tax (FBT) for employers if purchased for work purposes.

Cash injection for struggling businesses

Businesses struggling with the Omicron wave of the pandemic have been offered new grants and support in NSW, SA and WA.

Pandemic Leave Disaster Payments rules change

The rules for the Pandemic Leave Disaster Payment, the payment accessible to those who have lost work because they have had to self-isolate with COVID-19, or are caring for someone who contracted it, changed on 18 January 2022.

High Court resets approach to distinguishing employees from contractors

Charles Power - Workplace Bulletin 17th February 2022

The Fair Work Act 2006 (Cth) (FW Act) creates a range of rights, obligations and liabilities, the vast bulk of which attach to employment relationships.

HR Matters

Changes to the definition of fully vaccinated for COVID-19 CHANGED on 10th February 2022.

Quote of the month

“Regard your good name as the richest jewel you can possibly be possessed of -- for credit is like fire; when once you have kindled it you may easily preserve it, but if you once extinguish it, you will find it an arduous task to rekindle it again. The way to a good reputation is to endeavor to be what you desire to appear.”

Socrates

 

The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.
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