La Fin Finance

05/12/2024

We are nearing the end of our first week in December! I hope that the preparation for festive shut-down is going well for everyone who is taking a break over this time.

It has been another busy year for our team and as usual we will be taking some time off to spend with our special family and friends over the festive period. Some time to recharge and refresh for 2025!

Our offices will close at 12h00 on Friday 20 December 2024 and we will reopen on 06 January 2025.

If there is anything which you require before 20 December, please feel free to reach out to the team and we will gladly assist. All standard requirements will be prepared ahead of the shut down time to comply with any external or internal deadlines, however if there is anything out of the ordinary which you require over this time, please let us know as soon as possible so that we can assist.

Please note, our team will be out of the office from mid morning on Friday 06 December 2024 for our year-end function.

29/11/2024

Just a little reminder for the spending frenzy that Black Friday has become!

Our blog post on Black Friday (and general festive spending) is just a little reminder to spend wisely today and over the weeks ahead.

Have a happy Friday!

Link to blog post: https://la-fin.co.za/navigating-black-friday-and-general-festive-spending-with-a-budget-conscious-mindset/

30/08/2024

Deadline day!

Remember to release those provisional tax payments if they haven't been done yet.

Late provisional tax payments are subject to penalties and interest, please make sure you don't risk either of those unnecessary extra costs for you or your business.

29/08/2024

Provisional tax deadline is almost here!

If you are a provisional taxpayer, you have until Friday 30 August (tomorrow) to submit your return and make your payment for the first submission for 2025.

Please don't forget to authorise the payments from your bank account if your accountant has already loaded the payment for you. Save down the POP and send this on to your accountant once done too.

28/08/2024

Two days to go!

Remember to make those provisional tax payments before Friday.

A few followers have reached out asking what provisional tax is? In summary it is the payment of tax which is done twice a year, for all companies and those individuals who earn income from a source that is not already taxed.

Read back on our blog post from February with all the details on provisional tax.

Link here: https://la-fin.co.za/understanding-provisional-tax/

31/07/2024

And that’s a wrap on July!

Exactly one month to go until provisional tax deadlines for the 2025 P1 submissions. We have spent loads of time over the last few weeks meeting with our clients and chatting through all their provisional tax estimates and plans.

In most of these meetings, we were also discussing the client’s personal tax submission for 2024 (current open tax season) and almost all clients needed the refresh on the difference between the current personal tax season and next month’s provisional tax payments.

We have a blog post on this topic going live soon.

Sign up to our mailing list if you want to receive it in your inbox as soon as it is posted.

29/07/2024

Another month end already!

We are preparing to assist our premium package clients with loading their final creditor payments after the month end plans and cash flow projections which were done earlier in the month.

If you need some assistance on cash flow planning and have no idea where to start, start by reconciling all your suppliers and understanding exactly what is owed and by when. This will go a long way in getting on top of the cash flow planning process.

Blog post coming soon on this so keep a look out for it.

PS: Our mailing list will be getting a special extra on this topic so be sure to sign up if you haven’t done so already!

23/07/2024

BLOG POST: What are some basics that everyone should be including and checking on their personal income tax return?

A question we are so often asked so we thought we would share it in a blog post.

Click through to our latest blog post for all the details you need to know for this tax season.

As we approach the July month, this is a friendly reminder about the upcoming personal tax submission period for SARS which opens in next month.

19/07/2024

Tax season 2024 has officially opened this week!

2024 tax season kicked off from Monday and it has been a busy week for SARS with so many taxpayers already submitting their returns.

If you are unsure of what you can claim and whether you are maximising the deductions available to you then please reach out, we would love to assist you in optimising where possible.

Pop us a DM or email [email protected]

27/06/2024

REMINDER: Save down your tax certificates as you receive them for easy access when tax season opens.

It is so important to have all supporting documentation for your income tax return when you submit these.

Our top tip is to save these down as they are received, that way you can collate all required certificates and easily send them on to your accountant when required.

26/06/2024

We are almost at the end of June, which means we are half-way through the calendar year and a third of the way through the financial year. That went fast!

Set aside some time over the next few days to plan your goals for the next 3 months, both in business and personal finance. A goal written down becomes something you can actively work towards.

25/06/2024

All taxpayers should be receiving their various tax certificates from employers, financial institutions and medical aids over the next few weeks (if these haven’t been received already).

If you’re unsure what you need for your submission just start with saving them all down for now.

Our mailing list have all received our La Fin checklist to start the preparation for submissions, if you would like a copy of this pop us a DM or a mail on [email protected] and we’ll add you to our mailing list and send this checklist through to you too.