Garach & Garach

GARACH & GARACH is a multi-disciplinary firm of Financial Advisors who provide professional commercial and financial solutions to quality conscious clients in a cost effective manner.

The firm has a vision to be the professional service provider of choice that rapidly and consistently secures superior delivery.

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Personal Finance news

  • Contrary to popular belief, tenants, once installed, can be evicted, but you need to follow due procedure.

  • Small asset managers, or boutiques, walked off with more than half the certificates and awards at the 2016 Raging Bull Awards ceremony. What could give these companies the edge?

  • A phone call from a stranger in the middle of the night informing you that your child has been injured in a road accident is every parent’s nightmare. Eileen du Toit was told that the car her 20-year-old son, Mathew, was driving had left the road and rolled several times.

  • The Medical Schemes Act is silent on the costs that schemes must cover when “an emergency” turns out to be a “false alarm” or a “lucky escape”, medical scheme representatives say.

Tax news

  • Failing to pay provisional tax when you are obliged to do so can result in costly penalties, so if you have any doubts about whether you’re a provisional taxpayer or not, it’s best to check, particularly because the first provisional tax deadline (August 31) is fast approaching.

  • Are you at your wits’ end because the South African Revenue Service (SARS) can’t provide a satisfactory answer to a query? Perhaps you’re due to receive a tax refund, but, for some unknown reason, the amount is never paid into your bank account. The good news is that you have recourse to the Office of the Tax Ombud, an independent body accountable to the Minister of Finance.

  • You should be able to claim a tax deduction for retirement fund contributions against passive income such as interest income or royalties, the latest tax amendments propose.

  • Tax Season 2016 opened yesterday, which means you can officially complete and submit your income tax return. Here are 10 things you should know about doing your duty to the taxman.


Contact Info: Gauteng

Telephone: +27 11 782 7842
Fax: +27 11 782 4477

E-mail: gauteng@garach.co.za

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