2024 is being referred to as the year that Artificial Intelligence (AI) grows up. This rapidly growing technology is gaining increased interest as corporations face the challenges of controlling it. The question is, how can corporations control AI and are our current regulations enough?
STP Phase 2 doesn’t change which payments employers need to report through STP, but it does change how those amounts need to be reported. Employers need to take note that STP Phase 2 changes require our input.
New fraud controls are being put in place to protect Australians from online identity theft and tax fraud.
The ATO has advised that new and ongoing subscription costs can also qualify as eligible expenditure for the purposes of the digital adoption boost. This was not specified in the ATO’s original release on the measure.
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