Tax Archives - Zuydam Konsult

How tailored tax strategies can propel your business forward

March 2024, Tax

Effective tax management and planning are crucial for any business looking to thrive in today’s complex regulatory environment. By using Zuydam’s complete services, businesses can simplify their tax processes and find tax savings, greatly lowering their total tax costs. This proactive approach to tax planning ensures that businesses remain agile, adapting swiftly to changing tax …

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General principles for tax deductions

March 2024, Tax

When can you deduct an expense? Section 11(a) contains the general principles One of the most-asked tax questions goes along the lines of “can I deduct xxx against my income?” There are two ways to answer this type of question. One is to create a never-ending list of every type of deduction one could contemplate, …

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Maximising wealth, minimising tax

March 2024, Tax

A comparative look at retirement annuities versus tax-free savings accounts. When it comes to personal finance, every individual has different needs, dreams and financial goals, as well as different pathways to achieving those objectives. One of the most common long-term ambitions shared by many South Africans is to retire comfortably—to live confidently, knowing that there …

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Expert Guidance in Cross-Border Taxation

Campaign, January 2024, Tax

Zuydam Konsult, originally rooted in Cape Town, has successfully established a significant presence in the Dutch business sector. Strategically located in The Hague, we provide high-quality audit, tax, and advisory services. This location choice reflects our commitment to both local and global business needs, ensuring we deliver reliable expertise and meaningful value to our clients. …

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Zuydam Konsult facilitating invest in Holland clients

Cross-border EU VAT, European Union, Invest in Holland, Netherlands, NFIA, Tax

Zuydam Konsult is a boutique audit, tax, and advisory firm with its roots in Cape Town, South Africa and successfully established itself in the Dutch business sector 2 years ago. Located in The Hague, the firm has expanded through positive clientele word-of-mouth. Zuydam provides innovative solutions to their clients’ consulting, tax, accounting, and compliance needs. …

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New regulations on compulsory submission of beneficial ownership on all trusts

Law, Finance News, Statutory, Tax, Trust

As part of South Africa’s efforts to combat the country’s grey-listing status, The General Laws (Anti Money Laundering and Combating Terrorism Funding) Amendment Act that was passed in December 2022, has been fast tracked and became effective as from 1 April 2023. These amendments introduced a new definition of a ‘beneficial owner’ into the Trust …

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Renewable energy tax incentives

Tax

Government is encouraging investment in renewable energy—but as always, there are caveats While this year’s Budget was largely devoid of surprises, Finance Minister Enoch Godongwana made one announcement that was widely anticipated following President Cyril Ramaphosa’s State of the Nation speech, and will hopefully help taxpayers alleviate some of the pain of dealing with loadshedding. …

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Let us help you manage your taxes the smart way

Tax

Zuydam Konsult is a well-established advisory, audit, tax and accounting firm which offers comprehensive business solutions that help clients create exceptional futures. The company was founded by Henk van Zuydam in 2012, and it has grown from its humble beginnings into a leading firm with offices in Belville, Fish Hoek, and The Hague in the …

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Never do things just ‘for tax purposes’

Tax

A decision based solely on tax considerations is likely to be the wrong one. “I HATE tax!” These were the words spoken by a director of one of the clients of the audit firm with whom I served articles. Whilst many would agree with this sentiment towards the tax-man, this particular individual’s zeal in devising …

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Ring-fencing trading losses

Tax

Top-rate taxpayers need to watch out for Section 20A Section 20 of the Income Tax Act 58 of 1962 deals with the set-off of losses from a trade against other income. In general, such set-off is allowed (see sub-paragraph (1)(b)), provided that the loss is incurred in the taxpayer’s own name (i.e. not in a …

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