Mastering business tax essentials & industry regulations

Insights from 10 experts

Author

Maziar Foroudian
July 01, 2024

Latest Stories

Understand the intricacies of business tax law and empower your financial decisions with our comprehensive guide. Hear from industry experts as they simplify tax regulations and compliance. It's time to conquer the tax maze with confidence!

Explore the inner workings and challenges of the Freedom of Information Act 1982 in Victoria, and how its evolution is fostering more transparency, accountability and democratic participation in government operations and decisions.

Discover how Australian businesses are taking the lead globally in transforming their IT environment with a swift move to hybrid multicloud, driven by AI and sustainability goals. This Nutanix's annual report offers a fascinating insight.

Immerse yourself in the captivating journey of Talitha, her Uncle Craig and cousin Kara as they fuse family roots and ethical practices to create The Cut Jewellery, an exciting new Australian brand specializing in lab-grown diamonds.

Struggling with Inventory Management for your SMEs? Dive into this article as we unveil the leading AI-based tools to supercharge your operations - integrating sales, inventory, customer data, and more into sleek, automated platforms!

New Tools

  • ArtSmart: Easy and affordable AI image generation

  • Krisp: AI-powered tool for meetings

  • RewindAI: Personalized AI assistant for work productivity

  • Feedly: Track the topics and trends that matter with AI

  • ConsensusApp: AI search engine for research

  • Quetext: Identify plagiarism and AI, resolve writing issues, and build citations

  • Obsidian: Sharpen your thinking

  • Grain: Simplifying conversation intelligence with AI

  • Lanva: Unlocking hidden insights in your video content

Top stories

When Australian startup fever took hold in the mid-2010s, state governments used taxpayer money to support high-growth technology businesses with the intent to leverage the benefits these businesses could deliver to future-proof their economies. 

OpenAI and Retool experts discuss changing sales roles, emphasis on customer support and AI, importance of education, sales forecasting challenges, hiring quality sales teams, verticalization strategy benefits, and celebrating small wins in challenging times in a comprehensive and insightful interview.

Women We Admire highlights the top 50 female Chief Strategy Officers of 2024, showcasing their impact across various industries. Leaders like Michelle Horn of Delta Air Lines and Jodi Cohen of Mount Sinai Health System are recognized for their strategic contributions.

Australia

The three billionaire cofounders of Canva donated $39 million to the foundation in their company’s name over 18 months, with most of that money already given away. Husband and wife Melanie Perkins and Cliff Obrecht, set up the Canva Foundation with cofounder Cameron Adams in May 2020.

The AI startup scene in Australia is abuzz with exciting investments and innovative business models in sectors like AR, sewerage solutions, customer support, robotics, app development, due diligence, academic research, receptionists, and even tax assistance.

Australian Economy

The RBA's new English deputy governor, Andrew Hauser, reminds Australians of their prosperity compared to the UK. Australians risk losing their advantage if they fail to acknowledge their wealth, Hauser warns.

Despite Australia's wealth, Millennials and Zoomers face economic challenges such as underemployment, high university fees, and stagnant wage growth. The impact of these issues on future generations could be long-lasting, highlighting a concerning trend in the country's economic landscape.

World

Recent fluctuations in the international commodity market have had significant impacts on the supply and trade of key products like corn, soybeans, wheat, and crude oil. Understanding global market dynamics and utilizing technology is crucial for investors to navigate this unpredictability.

The "No-Spend Challenge" is a global trend encouraging individuals to limit nonessential spending to improve financial health and challenge consumerist behaviors. By promoting minimalism and sustainability, participants find themselves in healthier financial positions and rethinking their spending habits.

Tech

Google Colab is a tool that allows running Python code directly on the platform with little setup. It's free with a tier pricing system for more power. Great for SEO, it's part of the Google suite of tools, allowing connection to Drive files.

Bitcoin has gained popularity as a cryptocurrency, with major companies like PayPal and Tesla accepting it. While it has potential as a medium of exchange, challenges like volatility, scalability, and limited adoption hinder its universal acceptance. However, ongoing efforts to address these issues suggest a promising future for Bitcoin.

Google is expanding its AI-powered Product Studio to more countries, giving e-commerce businesses access to free tools for creating high-quality product images. This move can level the playing field for smaller merchants in a visually-driven online marketplace.

As companies push large-language modeling algorithms as the future of AI, experts warn of their negative impact on the environment. Each AI-generated Google search could use as much electricity as Ireland, worsens water shortages, and contributes to global warming.

Curated for you

The Internet and AI tools have reshaped marketing communications, leading to the emergence of the echoverse - a dynamic landscape where diverse actors continuously interact and reshape messages. Marketers must adapt to this omnidirectional communication model.

The founder of ComPsych shares seven guiding principles that led to building the world's largest mental health services provider. From dreaming big to hiring intentional employees, these principles can help entrepreneurs achieve success.

Many companies focus on controlling low performers rather than growing everyone's skills, leading to low ROI and hindering high-performance cultures. Organizations should build a culture obsessed with high performers to drive growth and attract top talent.

Corey Wilks is a former clinical psychologist turned business coach who helps entrepreneurs overcome mental hurdles like overthinking, perfectionism, doubt, and fear. His coaching focuses on mindset and prioritizing strategies to overcome limiting beliefs and personal narratives. Wilks's journey from psychology to coaching is a story of adaptability and resilience.

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