The new era of tax compliance

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Maziar Foroudian
June 24, 2024

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Latest Stories

ATO's relentless debt gathering is escalating. Learn how to navigate this tough landscape and give your business a healthy start in the new financial year with advice from seasoned experts.

Despite the rising mental health concern among employees, SMEs in Australia and New Zealand are unlikely to offer dedicated mental health days anytime soon. Learn more about this pressing issue from the extensive survey conducted by Peninsula Employsure.

Hassle-free onboarding and offboarding of IT equipment is now a reality. Rippling launches its Warehouse and Inventory Management service, automating the storage, transfer, and assignment of hardware. Streamline essential tasks with just a few clicks.

Struggling to translate overwhelming data into insights? Discover amazing insights and tools to revolutionize your business with AI and big data. Don't miss out on this week's edition of Let's Talk Business!

From identifying health issues in their own animals to becoming leaders in equine gut health, the founders of Poseidon Animal Health share their journey. Read about their plans to expand to the canine market and the US, and the key lessons they’ve learned along the way.

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Top stories

Australian business innovation has declined, with financial pressures and talent shortages as major barriers. Many businesses are adjusting their focus and finding affordable ways to innovate, with some relying on marketing activities and social media. SMEs are especially benefiting from innovation.

Customers are more likely to report negative incidents when they perceive a company as warm and friendly rather than competent, according to recent research. This insight can help businesses prioritize customer service and feedback.

Australia

Robotic insect farm startup Goterra partners with City of Sydney to process food waste into animal feed and fertiliser. This circular economy solution reduces emissions and contributes to sustainable food production. A revolutionary approach to waste management.

In response to the gender pay gap in consulting, Freelancing Gems was created to empower women. Now under Beam in Business, this acquisition marks a new chapter in supporting women in business.

Australian Economy

Treasurer Jim Chalmers implements a mandatory Food and Grocery Code of Conduct, potentially leading to multibillion-dollar fines for supermarket giants. The move follows recommendations by review conducted by former Labor cabinet minister Craig Emerson.

The collapsed Australian apparel business Dion Lee may have a chance at revival as administrators uncover a bidder interested in the brand. The company survived on a $20 million loan from Cue Clothing before folding.

World

Germany's economic affairs minister, Robert Habeck, pushes for talks between EU and China to resolve escalating tariff tensions on electric cars. Tariffs could be justified if concerns over China's subsidies persist. China eyes retaliatory actions.

Social media platform X, previously known as Twitter, is planning to lock its livestreaming feature behind a premium subscription service. The move is part of Elon Musk's strategy to increase revenue and distinguish X from competitors.

Tech

Apple is withholding AI features in Europe due to regulatory concerns. The Digital Markets Act is causing delays in features like Apple Intelligence, iPhone Mirroring, and SharePlay Screen Sharing until at least 2025. Apple is prioritizing user privacy and data security.

Apple Pay users can enjoy a seamless shopping experience on Amazon during Prime Day this July. By setting up Apple Pay on their iPhone, shoppers can easily make purchases with their Apple Card if vendors do not accept Apple Pay.

SoftBank CEO Masayoshi Son predicts the creation of artificial superintelligence and artificial general intelligence within the next few years. Despite concerns from other business leaders, Son believes AI will transform healthcare and operations.

Curated for you

Apple is currently offering 33 remote jobs, making it an attractive option for those seeking flexibility. Executives have expressed concerns about remote employees, but with the right skills and motivation, remote work can be successful.

Bots account for 40–50% of internet traffic, with some beneficial like search engine crawlers and others harmful like data scrapers or DDoS attackers. Businesses need robust cybersecurity to protect against financial losses and breaches.

Having six co-founders may seem ambitious, but can lead to slower decision-making and ego clashes. However, exceptions exist, like a unicorn startup with multiple founders. Planning for possible departures is crucial for success.

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