Don’t hide from Tax Debts and Director Penalty Notices

Don't let the ATO's aggressive debt collection phase catch you off guard

Author

Maziar Foroudian
March 19, 2024

Latest Stories

Don't let the ATO's aggressive debt collection phase catch you off guard. Small-to-medium businesses are at risk and the consequences can be crippling. Discover the steps you can take to protect yourself and your business.

Discover the latest tech trends revolutionizing workplace safety in Australia. From smart sensors to wearable technology and AI, these innovations are enhancing productivity, preventing hazards, and protecting employees.

Join the world's top tech leaders for three days of networking and knowledge-sharing at CompTIA ChannelCon 2024. From cutting-edge business technologies to cybersecurity and more, this premier conference is the ultimate opportunity for growth and innovation in the industry. Register now to secure your spot!

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Top stories

Eucalyptus, Australia's top technology startup, faces regulatory backlash over its asynchronous prescription model. With $100 million in funding, the company offers innovative telehealth services challenging traditional healthcare methods, sparking debate on the future of digital clinics.

Discover ways to optimize your business with tips from the online small business community. From A/B testing to social media advertising ROI, learn how to elevate your brand, improve employee onboarding, and even make money while traveling.

The ACCC is investigating competition in Australia's internet search services sector, focusing on generative AI and international regulations. Small businesses may benefit from increased innovation, but the inquiry aims to ensure fair competition and service quality for all players.

Australia

Australia Post's e-commerce data reveals a drop in average online shopping basket value, but spending still centers around the $100 mark for free shipping. Small orders are on the rise, with Gen Z cutting back spending.

Nine years after launching, Australian brand The Fable has sold over 150,000 silk shirts, turning over $4.5 million annually. Founder Sophie Doyle's journey from a yoga ashram led to creating elegant, timeless silk shirts.

Bloomex, an online florist and gift retailer, was fined $1 million for misleading star ratings, false discounts, and undisclosed surcharges on its website. The ACCC emphasized the importance of truthful online reviews and pricing transparency.

Australian Economy

Chief economists Luci Ellis and Jo Masters highlight the challenges in meeting the ambitious goal of building 1.2 million homes by 2029, citing delays in construction due to various factors. Government incentives and reforms are crucial to address the housing supply crisis.

India

The Indian government is finalizing a policy for deeptech startups to boost innovation and investment. The goal is to create a fund of funds to support deep tech ventures, emphasizing the importance of R&D and intellectual property rights.

Despite India's government efforts to promote geospatial technology patents, the country remains a minor contributor. Only 0.2% of India's total patents in 2022 were in this field, highlighting untapped potential in a global market set to reach $450-651 billion by 2025.

World

Small businesses in the US are hiring fewer people, with employment at small businesses with one to nine employees decreasing by 23,400 in February. Many factors contribute to this trend, including inflation and interest rates.

Uber settles class action lawsuit with 8000 taxi operators in Australia for $272 million, following allegations of illegal operations. While the amount will vary for each member, the settlement marks a significant win against the ride-share giant.

Anthropic, an A.I. start-up, recently raised an astonishing $7.3 billion within a year, showcasing the changing landscape of Silicon Valley deal-making. The company's unique funding structure involved partnerships with tech giants like Google and Amazon.

Tech

Zoom’s latest AI Companion update expands language support, enhancing global collaboration for small businesses. With 36 languages in preview, automatic language detection, and Team Chat support in nine languages, Zoom is revolutionizing workplace communication.

Ideal customer profiles help merchants narrow outreach and create targeted marketing strategies. AI platforms like Custom GPT, Lemlist, and M1-Project can generate detailed profiles based on URLs, helping businesses reach their most valuable prospects effectively and efficiently.

Curated for you

This article discusses the importance of effective business communication through proper email format and etiquette. It provides 7 examples of email format for businesses, covering topics such as subject lines, email openings, body content, conclusions, sign-offs, signatures, and more.

Digital cameras are crucial for small businesses to produce high-quality photos and videos for marketing. Smartphone cameras may not always deliver the desired image quality. Criteria like image quality, ease of use, and portability are key in selecting the best compact digital camera.

Struggling with productivity and organization? Learn to automate tasks, sync with smart devices, update frequently, explore analytics, and enable notifications to unlock your calendar's full potential.

Here are 6 challenges faced by employees and investors in selling shares in scale-ups and startups, such as controlling cap tables, costs of transfers, unfairness to current employees, and legal advice against transfers. Tender offers are suggested as a better alternative, despite being expensive.

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