Getting your head around tax changes can be, well, taxing. New tax brackets, the carbon tax, and instant asset write-off are just some of the big changes in store for 2012-13.
While tax issues might be uppermost for many at this time of the year, business owners also have to get their heads around a raft of legal changes that may affect how they do business.
Europe's politicians, like Australia's, have little grip on the real banking situation in their countries. And the market's belief that they'll wake up and flush the system with cash may or may not eventuate.
Industry groups have slammed the decision by Fair Work Australia to increase the national minimum wage by $17.10 a week, warning it will impose a major burden on small businesses.
Despite a general understanding of the labour shortage in the mining sector, politicians have managed to stuff up the Enterprise Mining Agreement while union leaders once again show a total lack of leadership.
Australia is still in a strong financial position, but the residential property market is one of its few weaknesses, according to the latest report from the OECD.
Treasurer Wayne Swan’s Budget might have grabbed the headlines for more than $32 billion worth of cuts and savings, but there was still plenty of money for programs and initiatives that are a little unusual.
Wayne Swan has delivered his promised budget surplus, but the tiny number will be overshadowed by savage spending cuts, including the dumping of promised company tax cuts.