Professional and affordable bookkeeping, admin and accounting services.
2019 – The year we decided to build our own trail. When we originally decided on the company name, we found that the meaning translates to AT LAST/FINALLY in Spanish. We started our business AT LAST. We can get you tax compliant AT LAST and when your bookkeeping, tax and admin burns you out, you have a friendly team to call AT LAST.
If you need an accountant/bookkeeper that wants to grow with you and your business and are always ready to walk the extra mile, you have come to the right place.
We are a small firm with big hearts and are motivated to help our clients by offering efficient services. We are dedicated to save you time, money, and tax while you focus on running your business. Individuals, businesses, big or small; we have been in the industry since 2004. Annual Financial Statements, bookkeeping, payroll, VAT/PAYE/SDL/TAX, secretarial/admin services, the list goes on. With continuous professional development programs and constant training, we can provide our clients with advice regarding tax legislation and how to save tax legally.
Get in touch.
We will come to you if going digital, paperless, and green is not your thing. Let us grow our trees together.
André Oosthuizen {TT(SA)™} {BAP(SA)}
I was awarded my National Diploma in Cost and Management Accounting in 2003 at Cape Technikon and furthered my studies at Unisa. I started working as an accounting clerk in 2004 and decided in 2019 to break the golden handcuffs.
My experience: Compiling Financial Statements, bookkeeping, payroll, creditors, debtors, VAT/PAYE/UIF/SDL/TAX for individuals, trusts, and companies, advising clients regarding tax legislation and how to save tax, workmen’s compensation calculations etc.
Lydia Schreuder
I completed my National Certificate in Business Studies (accounting and administration) in 2006 at Northlink College. I started working as an administrator and bookkeeper in 2008 and decided in 2019 to take a risk or lose a chance. I approached André, planted the seed of the AL-FIN tree and we established our own practice.
My experience: Bookkeeping, payroll, creditors, debtors, VAT/PAYE/UIF/SDL/TAX for individuals and companies, company registrations, import/export licences etc.
At AL-FIN we are not only about finances… We are about helping you and your business. We are authentic and strive to build a strong relationship with our clients and work together to grow and to build a better future. Without our client’s success we cannot succeed. We are about working together in a partnership towards success and a good life.
We are about supporting each other. Taking care is the law of nature. We believe in paying it forward.
Speaking of nature…
We are green. We value and respect our natural environment and make it our daily routine to be kinder to the planet. We hope to encourage others to follow. There is no life without trees and bees after all.
Personal Income Tax Return (ITR12) checked and submitted annually
Salary, profit or loss from business or trade, investment income, rental income, annuity, and pension income etc.
Receiving income other than salary or receiving more than one source of income. It is not a separate tax from income tax, it is a method of paying the income tax liability in advance, to ensure that the taxpayer does not remain with a large debt on assessment. It allows the tax liability to be spread over the relevant year of assessment. It requires the taxpayer to pay at least two amounts in advance, which are based on estimated taxable income. Companies, sole proprietorships, partnerships etc. automatically fall into the provisional tax system. To be submitted and paid within six months from the start of the year of assessment. For years of assessment starting March, this will be 31 August. The second submission must be made no later than the last working day of the year of assessment. This will be 28/29 February.
Business
Monthly Bookkeeping and Accounting
We will process your monthly accounts from various source documents such as customer invoices, supplier invoices, bank statements etc. and provide you with monthly management reports. Staying updated and on top of your finances is key to running a business smoothly, and by outsourcing these time-consuming tasks to experienced professionals, you can focus on growing your company tree.
Monthly Payroll Services
We will process your weekly, fort nightly and monthly salaries. PAYE/UIF/SDL and leave gets calculated, and payslips are generated. We use secure online payroll software to provide you with accurate and professional payslips.
Payroll Tax Return (EMP201) calculated and submitted monthly
Provisional Tax Return (IRP6) calculated and submitted bi-annually
Employer Reconciliation Declaration (EMP501) checked and submitted bi-annually
When a firm employs personnel, tax is deducted from the employees’ salaries. Employers are required to withhold this tax each month and pay it over to SARS on the taxpayer’s behalf. Payroll tax returns need to be submitted monthly on or before the 7th day after the end of the month during which the amount was deducted. An employer who is registered with SARS for PAYE, is also required to register for the payment of UIF. UIF gives short-term relief to workers when they become unemployed or are unable to work because of maternity or illness. We will register you as the employer and your employees. The employer must pay a total contribution of 2% (1% by the employee and 1% by the employer).
Where an employer expects that the total salaries will be more than R500,000 over the next 12 months, the employer becomes liable to pay SDL. We will register you as the employer. SDL is a levy (1%) imposed to encourage learning and development. The funds are to be used to develop and improve skills of employees.
Employee Tax Certificates IRP5/IT3(a)s gets generated when we submit the employer reconciliations.
Company Income Tax Return (ITR14) checked and submitted annually
If your company is registered with CIPC, a corporate income tax return needs to be submitted within 12 months after the financial year end of the company. If you run a business that is not registered with CIPC, we will complete your business-related income and expenses on your personal ITR12 – you are trading as a sole proprietor.
Annual Financial Statements (AFS) compiled annually
Financial reports describing the company’s financial position and viability. This includes an income statement, balance sheet, statement of changes in equity, notes and in most cases, a statement of cash flows. All companies are required to submit signed financial statements to SARS and it must comply with the prescribed standards in accordance with the International Financial Reporting Standards (IFRS) for SME’s. Depending on the public interest score of the company, some small companies can choose to use its own financial reporting standards and compile their AFS internally. Where the AFS needs to be compiled independently by an accounting professional, we are at your service.
If your business needs funding, all banks, and independent lenders would require AFS. As per the companies act, a company’s AFS has to be finalised within 6 months after its financial year end.
VAT Return (VAT201) calculated and submitted bi-monthly
An indirect tax on the consumption of goods and services. Revenue is raised for government by requiring certain businesses to register and charge VAT on the taxable supplies. These businesses become vendors that act as the agent for government in collecting the VAT. It is mandatory to register for VAT if the taxable supplies made or to be made is more than R1,000,000 in any consecutive twelve-month period. You may also choose to register voluntarily if the taxable supplies made in the past period of twelve months exceeded R50,000.
CIPC Annual Return submissions
All companies are required to submit an annual return to CIPC within 1 month after its anniversary. The purpose for filing is to confirm whether a company is still in business/trading. CIPC will confirm the fee once we submit.
Other
SARS Queries and Correspondence
SARS Import/Export Licenses
Tax Consulting
Tax Clearance Certificates
CIPC Company Registrations and Amendments
Administration and Filing
VAT Registrations
Personal Messenger/Courier Services
COIDA/Compensation Fund Services
Employer and Employee Registrations (PAYE, UIF and SDL)
We are only a click away. We will come to you if going digital, paperless, and green is not your thing. The AL-FIN team works from home and on the go. Meetings by appointment only. We do not have a walk-in office.
AL-FIN is committed to protecting their client’s privacy and recognises that it needs to comply with statutory requirements in collecting and processing of personal information. The client’s personal information is secure and will only be used for the purpose for which it was collected and agreed. All clients will need to sign a consent. Our Compliance Manuals are available on request.
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Thank you, loyal clients, thank you family and friends!!!
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