MidCity News

By Chris Fourie, General Manager – Community Schemes Management  Ensuring that your community scheme is compliant is a key responsibility of the scheme executives (trustees) in a community scheme. Community schemes are impacted by various sets of legislation (Acts), including but not limited to the Sectional Titles Schemes Management Act and Regulations, the Community Schemes […]

By Ascendant Financial Services (Pty) Ltd The SARS eFiling platform and its recent updates offer a range of functionalities to make tax filing more convenient and efficient. Here are the key points you need to know: Key Dates for the Upcoming Tax Season: Auto-Assessments: Non-Provisional Taxpayers (Not Auto-Assessed): Provisional Taxpayers: Steps for Auto-Assessments: The eFiling

By Pieter van Heerden – Director: Ascendant Financial Services The South African Revenue Service (SARS) is having success in its efforts to combat tax non-compliance. The use of data analytics and monitoring of bank accounts has proven to be an effective tool in identifying tax evaders, particularly those whose lifestyles are not consistent with their

By Liezel Kruger – Commercial Property Portfolio Manager Economic conditions, advancements in technology and tenant needs that are evolving, drive the changes in the commercial real estate market as per an article published by Spire Property Solutions.  According to the article as well as articles published by Asset Property Group, and part of what we

By Diounie Strydom, Senior Residential Portfolio Manager: Property Administration and Facilities Management – MidCity Property Services In line with one of MidCity’s cornerstones, Innovation, we are excited to take our Inspectorate functionality to the next level by moving all property inspections to a digital, real-time environment. This advancement enhances building inspections, boosts productivity, and elevates

By Sheldene du Plessis, Senior Accountant – Ascendant Financial Services (Pty) Ltd When it comes to donations, there are tax responsibilities for both the donor (the person making the donation) and the donee (the recipient). Each party has different obligations related to tax, depending on their role in the donation. Donor Responsibilities: As a donor,

By Bennie van Dyk, Senior Operations Manager: Community Schemes Management – MidCity Property Services Preparing and implementing a well-structured budget is one of the most important responsibilities of scheme executives in a community scheme. A financially sound budget ensures that the scheme has sufficient funds to meet all obligations throughout the financial year. One of

Dear MidCity Stakeholders, We are drawing closer to the end of another incredible year. We want to take a moment to extend our warmest wishes to you and reflect on what we’ve accomplished together. This season is a wonderful time to celebrate the power of connection, gratitude, and hope. Here at MidCity, we are deeply

By Bennie van Dyk – Senior Operations Manager: Community Schemes Management The audit process for community schemes is sometimes misunderstood by members and compared to that of regular businesses. One should also take note that sectional title schemes are regarded as high-risk businesses when it comes to audits. For Sectional Title schemes (Bodies Corporate), the

By Diounie Strydom – Senior Residential Portfolio Manager: Property Administration and Facilities Management In today’s day and age, the relationship between tenants and landlords has become increasingly challenging, often leading to disputes. The majority of these issues range from non-payment of rent to maintenance in units and enforcing rules and regulations, ensuring the rules are