Top five insights of the week
As we enter the holiday season, we’re excited to bring you the final edition of our LinkedIn newsletter for the year. Don’t miss out on these valuable updates to keep you informed and prepared. Happy holidays and see you in the new year.
1. Stay ahead with the expanded sharing economy reporting regime
The deadline for the Sharing Economy Reporting Regime (SERR) is approaching fast. First-time reporters must submit their reports by January 31, 2025, to avoid significant penalties.
Sam Mohammad and Matthew Cunneen urge digital market operators to reach out now for assistance to ensure compliance and avoid fines up to AU$825k.
2. Key strategies for navigating AI safety and governance
Artificial Intelligence (AI) is transforming industries and everyday life, but it also brings new risks and security vulnerabilities. Ensuring AI safety and promoting responsible AI use are crucial for mitigating these risks and building public trust in AI systems.
Gerard Sayers and Srdjan Dragutinovic emphasise the importance of robust safety and ethical standards in AI development and deployment. Learn more about the strategies for navigating AI safety and governance.
3. Essential tips for managing finances as a couple
Recommended by LinkedIn
As the festive season approaches, it’s the perfect time for new couples to reflect on their financial habits and plan for a prosperous future together. Our own Grace Bacon 高小芬 recently shared insightful tips with The Sydney Morning Herald on how couples can effectively manage their money, ensuring a harmonious and financially sound relationship.
Key strategies include setting joint financial goals and understanding each other's spending habits, which are essential for building a strong financial foundation. Read the full article for more valuable tips.
4. Insights from the ATO Annual Report 2023-2024
As we wind up 2024, it’s time for employers to catch up on the latest developments impacting their business in the new year. The Australian Taxation Office (ATO) recently released their annual report, highlighting significant changes and compliance updates in employment taxes.
The report notes a decrease in tax compliance among large corporate groups, while small businesses showed improvement but still account for the largest portion of unpaid tax in Australia. Rick Kimberley and Gina Nedeljkovic highlight the importance of understanding these updates to ensure compliance and avoid penalties. Learn more about the ATO’s focus areas and how they impact your business.
5. Unlock efficiency with finance automation
Finance and accounting play a vital role in any business, yet they often rely on manual processes that are time-consuming and prone to errors. Finance automation aims to streamline these tasks with modern, fully automated solutions.
Maria Williams highlights how understanding the different levels of automation and understanding the key steps towards digital transformation can enhance your operations and achieve the best outcomes for your business. Learn more about how finance automation can transform your business.
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