The top ten of tax time

From timely tax lodgements to maximising returns

Author

Maziar Foroudian
July 30, 2024

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Latest Stories

From timely tax lodgements to maximising returns, Reventon's all-encompassing guide provides invaluable know-how on navigating tax season successfully. Don't miss their wealth of insights that have the potential to significantly impact your financial health!

Is Australia's productivity hiccup a crisis or part of a regular economic cycle? A new KPMG report reveals key factors driving labor productivity and provides solutions to accelerate growth. Read on to find out whether Australia is due for a productivity resurgence.

Despite Elon Musk's ambitious rebranding of Twitter to 'X,' new data reveals a staggering global reluctance to adopt the change. Is this resistance a sign of failure or a fascinating case study on major brand rebrands?

Unlock the potential of your data for AI success. Understand the role of robust data frameworks in transforming your business model and ensuring long-term growth; whether you're an established organisation or just starting out

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Top stories

As we anticipate the 2024 SaaStr Annual, we reflect on top speakers like Yamini Rangan, CEO of HubSpot, who shared insights on scaling with SMBs. HubSpot's evolving sales strategy and focus on product development provide valuable lessons for companies aiming for growth.

Fashion leaders are rallying to save the Adelaide-based Silver Fleece knitting mill from liquidation. With $1 million raised by Tuesday, operations will resume, focusing on Australian-made and sustainable products to meet rising demand.

Australia

Australia launches a pilot program for a new "workplace justice visa," allowing migrant workers to address labor claims without fear of visa consequences. This innovative approach could dramatically improve labor law enforcement in the country.

Psychologist and mother Tegan Podubinski's struggle to find childcare reflects a larger issue in rural Australia, with scarce spots hindering mental health services and workforce growth. Government intervention and better wages are needed.

AI startups are booming, with $12.4B raised in May alone. However, the initial hype is fading as the "Trough of Disillusionment" looms. Success will require sustained product planning and strategic vision beyond the demo stage.

Australian Economy

South Australia has been named an economic powerhouse due to its strong job market and building activity, ranking first in CommSec's State of the States report. Western Australia and Victoria follow closely behind.

Australian Prime Minister Albanese recently announced a federal cabinet reshuffle, including new faces in key portfolios such as employment and workplace relations. Minister Burke will take on home affairs and cyber security roles. Governor-General Sam Mostyn will swear in the new ministers.

Prime Minister Albanese defends government against inflation concerns, citing Labor's budget surpluses as easing pressure on Reserve Bank of Australia. Economic challenges ahead as inflation expected to rise to 3.8% in June quarter.

World

From Italy to India, popular figures like Taylor Swift and Tiger Woods have earned spots in the exclusive billionaire club. The BBC podcast Good Bad Billionaire explores the stories and impact of these ultra-wealthy individuals. Listen now to learn more.

Don Lemon joined X's advertising efforts with a web show after contentious interviews with Elon Musk, highlighting the company's struggles. Linda Yaccarino faces ongoing challenges in reshaping X's business amidst Musk's controversial actions.

Chancellor Rachel Reeves plans immediate cuts to address a £20bn gap in the UK public finances. Projects like Stonehenge tunnel could be paused. Labour rules out borrowing for day-to-day costs but may borrow for investments.

Tech

Gartner analysts discuss the challenges of generative AI projects, with many facing abandonment due to various issues. Executives are eager for returns on investments, but the costs and business value are unclear. Organizations are leveraging GenAI for business innovation, but costs vary.

A study by MIT SMR reveals how companies are using generative AI to revolutionize product development by enhancing creativity, gaining market insights, and improving user interfaces. This technology is reshaping traditional innovation workflows effectively.

Google backtracks on removing third-party tracking cookies from Chrome, opting for user choice instead. Regulators must approve, as concerns of Google’s dominance in advertising industry rise. Advertisers must adapt to new era of digital advertising.

Curated for you

Women We Admire celebrates the Top 50 Women Chief Marketing Officers of 2024, highlighting leaders like Iris Diaz of the Dallas Mavericks and Marisa Thalberg of United Parks & Resorts. These CMOs drive marketing strategies and business success.

To break into larger deals, prioritize hiring a seasoned VP of Sales, developing enterprise features, and focusing on customer success. Embrace longer sales cycles and in-person meetings to maximize success in upmarket expansion.

Artificial intelligence in finance can either stabilize or worsen financial crises. Financial authorities should embrace AI by developing their own engines, setting up AI-to-AI links, implementing standing facilities, and forming public-private partnerships to mitigate risks.

Entrepreneurs often overlook the importance of positive cash flow in their pursuit of growth. Cash flow indicates how money flows in and out of your business, crucial for long-term sustainability and growth. Prioritize cash flow by managing expenses, invoicing, and inventory effectively.

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