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.

Federal Budget 2020: What it means for you

The Federal Budget was released on Tuesday 6th October. We have summarised what we feel is most relevant information for clients of Porters CA. If you would like to read more about the “Winners and Losers” of the Australian Federal Budget for 2020 click here. Key Points: Tax cuts for workers – more money in pockets for more Australians. JobMaker Hiring Credit scheme – businesses supported for hiring employees aged…  Read more

Business Update – August 2020

Our August update is designed to keep you informed of the latest options available to business in response to Covid. Cashflow Boost Estimator Employers who are eligible to receive cashflow boosts can calculate the credits they may receive using the FREE cashflow boost estimator which you can download here. Those who received an initial round of cashflow boost will be eligible for a second round of assistance when they lodge…  Read more

Do you have more questions this tax time?

What a year! We don’t need to tell you that this year has been “unprecedented”. With so many stimulus packages, support programs, tax changes and business shutdowns this financial year is set to be like we’ve never seen before. Oddly enough, amongst all the upheaval, rarely have we felt so enthusiastic about the opportunities for people and businesses who are open to new ideas and who are looking for guidance…  Read more

Tax tips for business owners

Seamless bookkeeping and accounting You want to avoid paying more than you should come tax time. Part of that is ensuring you have well organised and recorded financial records. When tax time comes around, are you ready or scrambling last minute for missing financial records? Business owners have a lot on their plate and can easily lose track of an approaching tax deadline or financial data needed to submit returns.…  Read more

Superannuation payments – Pay on time, every time, no excuses!

With the implementation of single touch payroll, the ATO has real time data of wages paid, super due and receipts by super funds. This means now more than ever Superannuation must be paid on time. We’ve helped many small businesses implement systems to embrace single touch payroll by moving to cloud accounting with Xero or MYOB and gaining the additional benefits of time, knowledge and control of their business. The ATO…  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

What is financial planning?

To many people, financial planning sounds like something for the very rich. The wealthiest people take their piles of money to someone who tells them where to invest it so they can make even more money. The rest of us just focus on saving what we can while paying off debt and hoping we don’t lose our jobs before we’re financially stable. In fact, financial planning is about having long-term…  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

Get Paid Faster for a Job Well Done.

Taking steps to ensure your customers pay promptly should be a key priority for your business. When clients consistently pay on time, you are able to pay your vendors, suppliers, and employees on time and you’ll have an up to date view on the profitability of your business. This requires that you also implementing strategies to support prompt payment and make it easy for customers to pay as soon as the bill comes in. Provide…  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

Want to grow your business? Our Free Resources will Help