Dölberglumenrock

Please take note:

Our George Office will be relocating from the Landbank Building to our brand new premises at 113 Merriman Street, George Central on 25 October 2019.

Happy New Year!

Today is the first blank page of a 365-page book. Write a good one!

Wishing each of our clients a joyous Christmas Day filled with love!

Dear valued clients. Please note that our offices will be closed over the December holiday period.

We welcomed our DLR GROUP Director, Kamil Patel from Maurituis to George Head Office.
Another succesful DLR Golf event at George Golf Club.

DLR just hosted another successful marketing event at the Lords and Legends Sports Club. It was an enjoyable evening with the Amanzimtoti crowd sharing our new branding. Thanks to everyone working so hard – you really made us proud. Thank you to all our valued clients who could make it and was interested in the discussions and future business in SA and the rest of the world.

The DLR Group is a family and business advisory group, offering services on an international basis. Our range of services include, among others; the establishment of your business, ongoing advice, supporting growth through tax, wealth and accounting services, and positioning of the ownership for future generations through our fiduciary services. We understand that behind every successful family or business, are real people, and it is our privilege to support and advise these individuals.
http://dlr.global

DLR GROUP, previously known as DölbergLumenrock, today announced a major rebranding effort, effective today, to reflect the company’s progression to South Africa’s largest Family and Business Advisory firm. The new brand assets include a new logo, website and other visual communications as well as the repackaging of the organisation’s service offering.

“The vast majority of businesses in South Africa are owned by families and DLR have the unique expertise to provide services on each aspect required by these families, both locally and internationally,” said Pieter Esterhuizen, Group CEO of DLR GROUP.

The current client base of the business exceeds 6 000 clients and the positioning of the head office in George, Southern Cape, South Africa, as well as offices spread across the rest of South Africa and internationally, including Pretoria, Durban, Stellenbosch, Botswana, Namibia and Cyprus, will ensure that services can be delivered both domestically and internationally. DLR has more than 120 team members and has been in existence since 1914, the year the oldest office in the group was established. There is a clear understanding that behind every successful family or business are real people and it is DLR’s privilege to support and advise these individuals.

The DLR range of services include, among others, the establishment of a business, ongoing advice, capital and balance sheet restructuring, supporting growth through tax, wealth and accounting services, and positioning of the ownership for future generations through fiduciary services.

“DLR lives to ensure that our focus on People, Passion and Purpose will continue for generations to come” said Kamil Patel, one of the founders of the DLR Group.

It's now easier to email Dölberglumenrock

PROTECT YOUR LEGACY WITH A TRUST!
Our professionals will assist you to establish a Trust to suit your specific needs:- whether a Family Trust, an Inter Vivos Trust, Charitable Trust, Employee- or International Trust. Call one of our offices today to find out more.
Pretoria: 012 111 0797
George: 0861 873 255
Botswana: 00267 397 5753
DLR Fiduciary, the Trust Company with your future in mind.

Bloedskenkdag by Lumenrock op George. Jy is ook welkom om by die kantoor in Yorkstr 55 (Landbank Gebou) aan te doen om bloed te skenk.

STEP EUROPE CONFERENCE 2017
Yes! Our Group CEO, Pieter Esterhuizen, recently attended the STEP conference in Rome. All this to ensure that the company stays up to date with the tendencies and movements in the Global Economy, International Tax Laws, etc. etc. to be able to give our clients the best advice accompanying our excellent service.
Some of the very relevant topics and discussions covered by world renowned specialists were:
HNI and tax competition in Europe - hidden traps.
Anti-avoidance legislation and Tax Planning.
Corporate governance and succession planning of family owned companies.
Wealth Planning Instruments.
International Trust Legislation.
EU Succession Regulation.
Etc.

Our Year-End Function at De Vette Mossel Mossel Bay - what a bash! Barefooted, playful and rejoicing the great outcomes of various challenges throughout the year, Heinrich ever so casually, encouraged and inspired this great team to be in harmony with themselves and the rest of the company.
The exceptional achievers were applaudably awarded:- Congratulations to our Employee of the year: Hanno Lourens and our Stalwart of the year: Johanna Basson. DölbergLumenrock is so proud to be associated with you and to have you on our fantastic team of winners which Cobus so easily “sourced out on Dr. Google”!
Unfortunately Pieter Esterhuizen’s flights were delayed on his way home from the STEP conference in Rome, but he was welcomed during the second half of the function.

Baie geluk aan Daneel Herselman met die Silver Elite toekenning van Momentum 2017! Kontak hom gerus by 0861 873 255 vir kwaliteit finansiële advies

Congratulations to Daneel Herselman with the Silver Elite Award of Momentum 2017! Contact him at 0861 873 255 for quality financial advice.

MERGER ANNOUNCEMENT

We are excited and pleased to announce the merger of the LUMENROCK, Dölberg Fiduciary and Dölberg Wealth groups with effect from 1 October 2017.

Our new group will be known as the DölbergLumenrock Group however we will still trade under our renowned individual brands in the Wealth (Investment and Insurance), Accounting and Fiduciary sectors.

The merger will result in the DölbergLumenrock Group offering even better service to our clients with our combined expertise, experience and workforce of more than 130 employees from 16 offices both locally and internationally.

We will continue to offer our more than 6 000 current clients and all prospective clients the same personal and professional service that they are used to and that we have become respected for over the years.

Our new group management structure is reinforced by the many years of combined management experience and expertise of our directors, Heinrich Odendaal (Chairman), Kamil Patel, AJ Coetzee, Pieter Esterhuizen (Group CEO), Cobus Coetzee (Wealth Divisional CEO) and Leslie Forssman (Fiduciary Divisional CEO).

We invite all our current and prospective clients to contact us with any queries on this announcement and our future service delivery.

The DölbergLumenrock Group is ready to continue with our client centric culture of excellence and will continue to be respected for creating value for our clients, employees and communities around us.

Good luck to clients Hein & Karin Reid with the new venture!

The Daily Coffee Cafe , Waterkloof Corner

"More than just great coffee"

Praise to another two of our employees for their exceptional service to our clients and fellow LUMENROCKers. Congratulations to Hailey Meyer who received our 5-Star award for July and to Tyrin Stevenson, our August winner!

Groot FAMSA Gholfdag op Oudtshoorn die 26e Augustus. Kom ondersteun hierdie besondere poging. Net R150 per speler - verversings ingesluit.

TAXATION OF OFFSHORE INCOME FOR SOUTH AFRICANS

Summary of tax effect of new tax proposals by Pieter Esterhuizen, CA(SA) TEP RA of LUMENROCK on 25 July 2017

Most of us have seen the news reports about the proposed changes to SA tax legislation w.r.t. the taxation of offshore income of South African tax residents.
The proposal is to also tax all SA tax residents on their salaries earned offshore, amongst others scrapping the 183/60 day rules whereby they would not have been taxed, from 1 March 2019. Tax paid in the offshore country will be deductible as rebate from SA income tax. SA tax it’s residents on worldwide income, based on tax residency, not the source of the income, but salaries earned offshore were exempted within certain parameters untill now.
Please note that tax residency is the important definition in this regard. If someone has emigrated from SA, he/she would already not be a tax resident any more of SA (at least not only SA), but most probably of the country they are living in now. People that have emigrated should rather ensure that their tax residency in SA is cancelled (deregistered for tax in SA), but in certain circumstances that could not be possible or not yet, but if they do earn a salary in another country of which they are tax resident, that salary will only be taxable in that new country and not subject to SA tax also.
For those that have not emigrated (either in process or not planning to) the situation is more complex and one would have to look at what their medium to long term planning is w.r.t. residency in general. The SA Income tax act makes provision for two tests w.r.t. tax residency of which the “ordinarily resident”-test is important here. The ordinarily resident test focuses on the intention of an individual. The phrase “ordinarily resident” has, among others, been found to mean the place to where an individual would naturally and as a matter of course return from his or her wanderings and what his/her intention would be. To assist with determining this, factors like the place where the individual’s personal assets are located, the location of the individual’s business, his actions in this regard the past few years etc. The individual will onIy be able to pass the ordinarily resident test if his/her intention is substantiated through action, eg application for emigration, medium term residency permits in another country, work permits there, few, if any, short visits to SA, personal assets and current home being in another country etc.
If an individual has been living and working abroad (as a tax resident of that other country) and want to return to SA, his tax residency would then obviously revert back to being a SA tax resident and being taxed in SA (with possible exemptions to foreign pensions etc!)
The “ordinarily resident”-test is not an easy test to pass, but can be done with the correct planning and actions of the individual. The facts set out above is a very short summary of the situation and every individual’s situation is different and will have to be looked at and planned differently. Although there are therefore ways to avoid the taxation of foreign salaries for a SA citizen, the above facts cannot be seen as complete and every individual will have to plan his/her situation differently, most definitely preferably together with an experienced tax specialist.

5 Star Excellence!
It is with great joy that we acknowledge both Magda Saayman and Priscilla Swan for the excellent work done for LUMENROCK's clients recently. Both received e-mails from the clients thanking them for a job well done. You made us proud Magda. You made us proud Priscilla. You are the kind of people that make LUMENROCK great. Both of you deserve our monthly 5 Star awards