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Was Melbourne Cup a winner for small business and its accountants?

Quite often the RBA makes an announcement on Melbourne Cup day in relation to interest rates, with the past couple of years seeing a reduction.

This year the RBA has held the interest rate steady which was of no real surprise for us as Melbourne small business accountants.

With a change of government and the speculated increase in consumer confidence, only time will tell how long the RBA will keep rates at the current level.

Either way, make sure your small business accounting and finance requirements are in good order so that you're prepared for any sudden change in the market.

 
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