Welcome to the Porters CA Blog.

Please enjoy our regular blog of relevant business, taxation and financial information. You can also follow us on Facebook, Instagram and Twitter.

Office Opening Celebration

In October we held our official Albany office opening. The celebration marked Porters’ return to Albany, with our goal to rebuild a strong local presence in our beautiful new space overlooking Princess Royal Harbour. We believe in supporting local businesses and in our preparing for our official opening we know why. The personal service, attention to detail and commitment to get the job done made the event a resounding success.…  Read more

A Worthy Cause

As part of our pledge to leave a legacy. Porters Director Simon Terry completed the MACA Cancer 200 ride last weekend raising $5364 for Cancer research. Simon attained a position on the honour roll whereby individual entrants committed to raising more than $4000 for Harry Perkins institute instead of the minimum required entry of $2500 funds raised. We are so grateful to all who donated and helped Simon reach his…  Read more

Job Opportunity for Motivated Accountant.

We’re looking for a new team member at Porters CA – Chartered Accountants. www.portersca.com Porters CA is a boutique firm, combining excellence in tax with a personal touch and a view that opportunities are everywhere. Our focus is to help our small business clients achieve prosperity and peace of mind. We provide accounting, tax and bookkeeping advice throughout WA using the latest cloud accounting software, from our offices in South…  Read more

New Partner not a New Face

It’s been 18 years since  Jodi Bradley joined Porters Chartered Accountants in Albany in 2001. She has well and truly earned her stripes and this year joins us as a Partner of the firm. Jodi will take on a greater leadership role, the biggest of which is to re-open and expand our offices in Albany. The new partnership brings opportunity for business growth, employment of more staff in Albany and expansion of…  Read more

Succession planning – Is Your Will Up To Date?

No one wants to contemplate death, which makes writing or updating a will an unpleasant experience. Having an updated will is vital to ensure your wishes are followed after you die. It makes the process of sorting through your finances less stressful for your family and can prevent disagreements when settling your estate. Your will is a way of dictating who will arrange and settle your estate and how you…  Read more

Labor’s planned changes to negative gearing and capital gains tax

You would have been hearing a little about Labor’s proposed changes to negative gearing and CGT over the last couple of months. So with the election just a few short weeks away, here’s a summary of what the changes might look like. Currently… Negative gearing of an investment property occurs when the annual costs (interest, management fees, repairs and maintenance, depreciation, etc) are greater than the net rental income. Any…  Read more

Are you ready for Single Touch Payroll?

Do you have employees? Then you need to be ready for Single Touch Payroll! By now you may have heard the buzz around Single Touch Payroll. It’s a pretty big deal for any business that has employees. So…what do you need to know and how does it affect you? Keep reading to find out. What is Single Touch Payroll? Single Touch Payroll (STP) is a new way to do your…  Read more

2019 Federal Budget Announcement

The annual Federal Budget is an event full of buying votes, new ideas, old ideas rehashed and new tax opportunities and pitfalls. In an election year, politicians’ imaginations run a little wild… so we’ve provided a summary blog and a longer assessment in case you want to know more. This year we are excited about two initiatives which in one form or another are likely to get bipartisan support.  These…  Read more

When Values Matter

Like many small businesses, we’ve been through the process of defining our Mission (to identify opportunity, share passion and achieve prosperity) and our Vision (how our mission and values come together to an end goal), before engaging our team to define Porters’ Values (Care, Integrity, Passion, Team, Enjoyment). Our Values have some great thinking and team engagement behind them. As a business owner I use them to talk with staff…  Read more

Residential Investment Properties – What You Can and Can’t Claim

In our last note, we had a quick review of how changes to the 2017-18 Budget might affect residential investment property owners and their Income Tax position.  While there was some bad news from the point of view of travel claims, and claiming depreciation on plant and material (at least in your Income Tax*), there are still plenty of things you CAN claim against managing your investment property. In this…  Read more

Own a Residential Investment Property?

Want to know how the 2017-18 Budget affects your future tax position?   Here’s the rub… The ATO is interested ATO audits of over 300 rental property claims found errors in 90% of returns.  This means a huge potential loss of revenue for the ATO and fertile ground for tax reviews. This year, the Australian Taxation Office (ATO) will undertake 4,500 audits of taxpayers it considers are “high risk” because…  Read more

Delivering value – should you bill by the hour or offer fixed rate packages?

Knowing how to price your services can be a real struggle. Charging an hourly rate can feel less scary than quoting a fixed rate package because you have confidence you’ll be compensated for every hour you spend on a project. But there are drawbacks to trading time for money – not the least of which is that it limits your earning potential. Charging by the hour can also lead to…  Read more

New Year resolutions – a personal twist to make them stick

  New Year resolutions – we’ve all made them, and broken them − often before the end of January. There’s something about New Year celebrations that makes us yearn for a fresh start, but is there a way to make that desire for change more permanent? Here’s a twist that can make your resolutions more durable, more beneficial and less prone to that embarrassing quick fade. Align goals to your…  Read more

Porters CA – 2018 Highlights, 2019 Insights

This is Simon’s first ever you tube clip. He’s pushed himself well out of his comfort zone to achieve our goal to be Accountants with a difference. Fifteen takes later (and some film editing by Gilbert) we have a result. Brilliant not perfect is a great place to start. We have even received our first you tube subscriber, which means there’ll be more to come. Enjoy    Read more

Reasons to consider engaging a financial planner

For business owners who want financial security now and freedom in retirement, having a financial planner on the team is a must. A close working relationship between your financial planner and your accountant, such as the link between Porters CA and Knight Financial Advisors, will accelerate your results. Many people view a financial planner as someone you invest lump sums of money with, however the role extends well beyond that.…  Read more

Proudly Supporting WA Business Award Finalist – Rick Fenny

      Proudly supporting WA Business Award 2018 Finalist Rick Fenny WA’s own Desert Vet, Rick Fenny is a finalist in the 2018 West Australian of the Year Awards on Friday night. We are privileged to support such a dynamic and diverse Western Australian business. All of us at Porters CA wish Rick the very best in the Western Australian of the Year Awards 2018. Dr Fenny, who is…  Read more

How to Avoid Costly Inventory Problems

Inventory is the lifeblood of your business. It is the largest asset on your balance sheet and your company’s biggest revenue-generator. It goes without saying that poorly managed inventory can do serious damage to your bottom line. Businesses without clear strategies for streamlining the in and out flow of goods will have trouble meeting their customer’s demands and will see mismanaged stock corrode their profits. Follow these tips to ensure…  Read more

Update your business plan for a new year

As another year winds down, it’s a good time to reflect on your recent business successes – and consider what you’d like to achieve in the coming twelve to fifteen months. These tips can help you with the process of making plans to help guide your business to greater success. Set priorities Entrepreneurs are typically highly creative and optimistic; as a result, they often have difficulty narrowing down their ideas…  Read more

Main Causes of Stress for Business Owners & How to Counter Them

Many entrepreneurs believe that hard work and dogged determination are all it takes to build and sustain a successful business. But when you consider the pressures of running a company, it seems wise to add effective stress-management to the list. Left unchecked, stress can erode your passion and undermine performance – not to mention, take a serious toll on your health. Research compiled by Office Vibe reveals that over 70%…  Read more

Is business insurance worthwhile?

If you’re like many small business owners, your business may not be adequately insured in the case of a fire, flood, natural disaster, theft, or personal injury. Often home-based business owners assume they are covered under their homeowner’s policy. Other entrepreneurs, working long hours and pulled in too many directions, may never get around to talking to an insurance agent about their business. If you’ve been procrastinating on business insurance,…  Read more

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