The Victorian government has introduced a new tax system for commercial and industrial properties called the Commercial and Industrial Property Tax (CIPT). Instead of paying stamp duty upfront when buying these properties, owners will pay a yearly CIPT starting from July 1, 2024. The tax will be 1% of the land’s value, except for build-to-rent properties, which will pay only 0.5%. This change aims to encourage investment by removing the big initial stamp duty cost. Here are the other noteworthy budget updates for retailers in 2024: The COVID Debt Levy Payroll, an extension until 2033, will im ..read more

On the afternoon of May 7th, Victorian Treasurer Tim Pallas presented the State Budget for 2024-25, marking his 10th budget announcement. The budget forecasts a heightened deficit of $2.2 billion for the upcoming financial year, with the state’s net debt predicted to reach nearly $188 billion by mid-2028. To manage spending, the budget prioritizes delaying major infrastructure projects and eliminating certain government programs. Despite the government’s efforts to curb spending, state tax revenue is anticipated to continue its upward trend, surging by over $8 billion in the next five years, c ..read more

Discover more Ai business tools: Best Ai Marketing Tools Best Ai Tools for HR and Recruiting Best Ai Tools for Finance and Accounting Tiledesk is a powerful business tool that offers AI Agent and knowledge base solutions to automate customer service operations. With the ability to handle high volumes of customer inquiries, Tiledesk’s AI Agent is equipped with advanced Large Language Models (LLM) to provide precise and conversational responses. In addition, Tiledesk’s AI Agent can be easily integrated with existing knowledge bases, allowing for seamless support for both customers and employee ..read more

Discover more Ai business tools: Best Ai Marketing Tools Best Ai Tools for HR and Recruiting Best Ai Tools for Finance and Accounting. GoSearch is an innovative enterprise search tool that revolutionizes team knowledge management with the power of AI-generated answers and information discovery. In today’s modern workplace, productivity suffers when information is scattered across the 40-60 apps typically found in each team’s tech stack, totaling an average of 254 company-wide. According to statistics from Productiv, employees waste valuable time toggling between apps an average of 1,200 time ..read more

Discover more Ai business tools: Best Ai Marketing Tools Best Ai Tools for HR and Recruiting Best Ai Tools for Finance and Accounting MagicalAi is a powerful AI productivity tool designed to help business managers automate repetitive tasks and focus on work that truly matters. Say goodbye to tedious tasks such as data entry, note-taking, and admin work with Magical’s innovative automation features. With MagicalAi, users can personalize messages across various platforms, write with AI assistance to overcome writer’s block, and automate data entry and research tasks. Stand out with personalize ..read more

Discover more Ai business tools: Best Ai Marketing Tools Best Ai Tools for HR and Recruiting Best Ai Tools for Finance and Accounting. RankBoost is a cutting-edge business tool designed to revolutionize content creation and enhance SEO strategies for businesses. Unlike traditional article writers, RankBoost AI offers a unique and articulate approach to crafting top-notch articles that not only provide value but also increase website traffic. One of the standout features of RankBoost is Beacon, which automates and streamlines content tracking, making it easy to monitor competitor updates and ..read more

Concerns about diminishing customer loyalty are prevalent among Australian businesses, with 78% expressing apprehension, according to a survey. This issue is one that many hope to tackle with AI, despite lingering apprehensions about the technology. Commissioned by Genesys and conducted by industry research firm YouGov, the study revealed that two-thirds (66%) of respondents identified customer churn as their primary business concern. Of these, 40% were worried about customers shifting to cheaper competitors, while 29% cited concerns about churn due to poor experiences or customer service. To ..read more

Now that we’ve resumed normal transmission after the flurry of annual International Women’s Day events and reporting on employer gender pay gas in Australia, I want to revisit the conversation about how to close the leadership gender gaps in organisations. Gender disparity in leadership positions remains a persistent challenge. If executives are serious about closing the leadership gender gap, they must recognise that traditional leadership development programs and conventional career advice given to women don’t cut it. Why? Most leadership development programs are centred on the development n ..read more

In today’s fast-evolving digital landscape, the importance of an inclusive and secure e-commerce experience cannot be overstated.  In our digital age, certain consumers, such as those with disabilities, are classified as more susceptible than others and are referred to as ‘vulnerable consumers’. These are people who, due to personal circumstances, are especially susceptible to detriment, particularly when not supported with adequate levels of care.  As cyber threats continue to loom large, it’s crucial for online businesses to not only to safeguard sensitive information, but also to ..read more

In this week’s edition of tech Tuesday, we look at the top five project management tools for SMEs: Trello Known for its simplicity and flexibility, Trello offers a visual approach to project management using boards, lists, and cards. It’s great for organizing tasks and collaborating with teams in real-time. Pros: Simple and intuitive interface. Highly visual approach with boards, lists, and cards. Easy to customize to fit various workflows. Offers integration with numerous third-party apps and services. Free version available with basic features. Asana  Asana is a powerful proj ..read more