Ariana Accounting Group

18/02/2025

The Reserve Bank of Australia (RBA) has kicked off 2025 with some great news for homeowners. The cash rate has been slashed 0.25 percentage points to 4.10 per cent. The announcement comes after better-than-expected inflation data showed that inflation is heading towards the RBA’s targets.
‌‌ ‌‌
Cash rate dropped to 4.10% Decreased by 25 basis points.
‌‌
All of the Big Four banks had anticipated today’s decision, and now borrowers will be closely watching lenders to see whether they pass on the cash rate cut.

If passed on in full, it’s estimated borrowers with a $600,000 home loan will save $92 a month, while those with a $750,000 loan will pocket $115 a month.

For a borrower with a $1 million home loan, the cash rate cut is expected to save them around $153 per month.

At its meeting today, the Board decided to lower the cash rate target to 4.10 per cent and the interest rate paid on Exchange Settlement balances to 4 per cent.

04/08/2022

BEWARE!

Tax and GST fraud has been on the increase in the recent years.

Don’t fall a victim to Tax or GST Fraud.

The Australian Taxation Office never demands your sensitive personal details or demand you to to pay them over the phone.

If you’re in doubt contact your Tax Professional before you provide any sensitive personal details or pay over the phone.

The Australian Taxation Office never calls and demands to be paid by ApplePay, GooglePay, Gift Cards, or any other means.

Read our blog below for some useful information on this topic👇

Registering for an ABN and applying for GST refunds when you don’t own a business or are not eligible is fraud. The Australian Taxation Office (ATO) has identified a significant number of GST refund fraud attempts, totalling an estimated $850 million to around 40,000 individuals. This fraud involv...

01/07/2022

The new financial year is upon us, surely there will be challenges to overcome and new opportunities may also arise.

No doubt we will be here to back you up again and help you meet your reporting obligations to allow you to reach your ultimate business goals.

Happy New Financial Year!

From the AAG Team