CIB Leading Accountants & Business Advisers

No Xmas miracle for borrowers as RBA continues to hold - The Reserve Bank of Australia (RBA) has held the official cash rate at 4.35% in its final monetary policy meeting for 2024. Today’s (10 December) cash rate decision marks the eighth consecutive hold since it was last raised by 0.25% in November 2023. The RBA’s next meeting will not be held until Monday 17 February, with the decision being announced on 18 February 2025. Following the decision, the Reserve Bank stated that sustainably returning inflation to target within a reasonable timeframe remains its highest priority. https://lnkd.in/gYM--ccx

The RBA make Cup Day cash rate call - The Reserve Bank of Australia (RBA) has announced another hold in the cash rate, leaving it at 4.35 per cent. Following the decision, the board's statement read: "Sustainably returning inflation to target within a reasonable timeframe remains the Board’s highest priority." #rba #cashrate #finance #investment

The Reserve Bank of Australia (RBA) has decided to hold the official cash rate at 4.35%, in a move that was widely anticipated by economists and the market. This now marks the seventh time the RBA has held the cash rate since its last hike almost a year ago during the November monetary policy meeting and the longest consecutive string of cash rate holds since the pandemic. https://lnkd.in/gHjHYAPa

Managing multiple loans can be a daunting task. The constant juggle between different due dates, interest rates, and payment amounts can feel overwhelming. Consolidating your loans through refinancing can provide significant financial relief and simplify your financial life. Here CIB Finance Manager Frank Schiraldi explains how you can navigate this process and achieve better financial stability. https://lnkd.in/g9YYqRvB #debt #debtconsolidation #debtfree

CIB Private Wealth Director, Paul Israel provides a market update review of the June quarter, as well as the inflation and interest rate outlook both in Australia and globally, and a look at the next Capex supercycle. https://lnkd.in/gW_T8keN

For centuries, accounting was all about reviewing historic information – but that only told you about the past, not what was going to happen in the future. If you’re only looking back at past periods and historic numbers, this limits the insights you can achieve for your business. With a backward-looking ideology, it becomes difficult to plan, run through different scenarios or understand the path of the business going forwards. Forecasting changes this. With the right data analysis and forecasting tools, you can project sales, cash, revenue and profits into the future – and get in control of your business https://lnkd.in/gNHGpeeh #businessplanning #forecasting #businessdata

The Right to Disconnect legislation comes into effect today 26 August 2024 for most businesses. Small businesses with fewer than 15 employees will see this legislation apply from 26 August 2025. This new regulation introduces significant changes to how after-hours work communication is handled, impacting both employees and employers. For a full overview and downloadable Checklist of questions to ask your employees visit - https://lnkd.in/g3XabRBn #rightotdisconnect #workforce #hr #employment

Economic uncertainty and persistent inflation have once again taken centre stage in the RBA's statement following its latest monetary policy meeting. The Reserve Bank of Australia (RBA) has opted to hold the official cash rate at 4.35% during its monetary policy meeting for August. Today’s (6 August) decision marks the 6th consecutive cash rate hold since the Melbourne Cup Day hike in November 2023. https://lnkd.in/gp48fKdy

The Reserve Bank of Australia (RBA) has held the official cash rate steady at 4.35% during its June monetary policy meeting, marking the 4th hold for 2024, and the 5th consecutive hold since December 2023. This ongoing pause reflects the “anticipated easing in inflation” as the economy, businesses, and consumers continue to adjust to the significant interest rate tightening delivered since May 2022. Despite higher-than-expected inflation early in 2024, weak retail sales, slowed economic growth and low consumer sentiment persist. While inflation has not fallen as quickly as expected, the Board anticipates a further decline in inflation by the end of the year. Although rate cuts are now expected in 2025, most still predict the next move will be down. The upcoming June 2024 quarterly inflation data will be a key determinant of whether the Reserve Bank needs to lift rates again or adjust expectations for the timing of an interest rate cut. https://bit.ly/rbajune2024

In his third Federal Budget, Treasurer Jim Chalmers delivered what he says is a budget of “relief, restraint and reform”, with power bill rebates, cheaper medicines and announced tax cuts, aimed at providing some relief to the continuing cost of living crisis. The centrepiece of the budget the Future Made in Australia package will benefit many small businesses, in addition to the continuation of the instant asset write-off measures for purchases under $20,000. It’s a different story for mid-size business and high-wealth individuals, with an an extended ATO review, audit and taskforce programs aimed at increasing tax collections from these groups. For a full analysis, access our Budget Report and Tax & Superannuation Overview. https://lnkd.in/ebwDBh6Z