Blogs

Some bank feeds on Xero will stop working!

Due to new EU regulations related to the banking industry, some bank feeds will stop working between August and September. This change is designed to improve information security and transparency. Basically, the feeds set up through a third party (e.g. Yodlee) will be stopped and a feed will need to be set up directly with a bank. 

Read More
Annja Louca
Provisional Tax Submissions – August 2019 for the Tax Year Ending February 2020

In August it is time again for the first provisional tax submissions for individuals registered for provisional tax along with all companies and entities.

We have received a lot of questions around provisional tax for individuals and if they should be registered for provisional tax.  What does this mean for individuals?

We thought it will be a great idea to remind everyone what provisional tax is and ask people to start sending their information to us.

Read More
Annja LoucaSARS, Tax
Financial Emigration - All You Need To Know

This has been a hot topic and we have been preparing for these changes for a while, but let’s break it down to understand why this is now important and needs to be considered per individual.

If we go back to what the act says about residency, in South Africa we have a tax-residency based system. This means that South Africans are subject to tax on worldwide income. You are a SA resident if you are ordinarily resident (defined in common law) in South Africa during a year of assessment.

Read More
Tips for Start-ups and New Businesses

I remember 9 years ago when Anlo Financial Solutions was a start-up business and I had the same questions. Being a CA, you would think I would know all the answers, but the truth is, I knew the theory but I did not know how to practically apply the theory in my own business.

I asked everyone I knew and phoned and researched until mid-night and I learnt a lot of the lessons the hard way.

But here are my top tips on what to know when you are a start-up or new business.

Read More
Annja Louca
Cashflow Management for Small Businesses

All business owners struggle at some point with budgeting; cashflow budgets and then later profit and loss budgets. It is normal for businesses to struggle with cash flow in the early stages of the business, and whenever there is growth or uncertainty in the business. Help is at hand, there are tools that can help with cash flow problems by preparing a cash flow budget.

Read More
Day 2 at Accountex – 2 May 2019

Our main takeaway from today is that there are sooooo many suppliers and vendors that offer amazing suites of programs that just blow your mind, but that doesn’t mean they are right for all businesses.

As an accountant, it is good to know about all these programs and what they can offer; that there is value in building a relationship with vendors to help our clients to determine what is the best program for them, their business and their budget.  There is nothing more frustrating that paying for something you don’t use or don’t know how to use.

Read More
Annja Louca
Day 1 at Accountex – 1 May 2019

We, Esmerelda and Annja, went to the Accountex Conference in London for the first time and honestly, we had no idea what to expect. It was AMAZING.

All the big vendors were there and we were able to quiz them about their products, get training and demonstrations and secure treats. It is all about the treats!

We loved the following vendors stalls because we got to learn more about their tools, we had a great time listening to seminars

Read More
Annja Louca
How Cloud Accounting is Changing the Way We Work

The world has changed. How we do business has changed. This is true for accountancy and the financial services industries. If we think back to 10 years ago, accountants faced the problem that business owners wanted to reduce their accounting costs by installing their own accounting desktop program and doing all their own processing. They sometimes appointed qualified or unqualified bookkeepers to lessen the burden in terms of administration and workload. This presented a big problem for accountants because they got involved in a lot of fixing – correcting mistakes that people made or completing administrative tasks that they did not have time for or weren’t aware of.

Read More
Annja Louca
EMP501 SARS Submissions

All employers registered for PAYE with SARS needs to submit their EMP501 reconciliations before the end of May 2019. This is the payroll details for the period starting 1st of March 2018 to 29 Feb 2019.

Read More
Annja Louca
Welcome to the United Kingdom!

We would like to tell you that the sun is shining and the air is warm, but we are in Scotland and that only happens once a year – if you’re very lucky!

What we can tell you with certainty is that Anlo are now well established in the UK and are ready to help you and your business negotiate all the financial regulations that apply to companies operating here.

Read More
Annja LoucaUK, SMEs
A Day in the Life of…Nastassja

I usually get to the office bright and early, where a typical day will usually start off with making a cup of coffee. With a cup of coffee in hand I go through my mails and make a list of things that needs to be done, or checking off information that I have received from a client.

Read More
Annja Louca