James Grove Chartered Accountants
Tax Consultant in Cape Town

Welcome to James Grove Chartered Accountants. We specialise in turnaround management and improving general company procedures.We also sell Accounting and Payroll software. We are registered with SAICA for more than 20 years and have extensive business experience, VAT, payroll and salary slips, accounting, including financial management, PAYE and Tax returns for individuals as well as companies.We also assist in compiling business plans. More information is available on www.groveaccounting.co.za.

James Grove is a value-driven Chartered Accountant (SA) with over 20 years experience in the Auditing, Financial, Manufacturing, Retail, Farming and IT Sectors. He spent a period of seven years at First National Bank including three years as Financial Director at First National Bank's ITCS division. He was also a Financial Director at ICDL for three years. He integrated and merged various companies and enjoys turn-around management. He has also managed Human Resources functions which give him the expertise in Labour Relations and negotiations. James enjoys cash flow forecasts, preparation of management accounts and the analyses of the management accounts, improving general procedures in companies and small business as well as strategic decision making. Launching a new company takes courage and hard work. The next couple of blog articles are aimed to offer bite-size info on some of the procedures and laws surrounding company registrations. What type of company is the most suitable option for you? According to the Companies Act of 2008 your company can either be registered as a non-profit company or a profit company. NON-PROFIT COMPANIES (NPC) These are companies created to help people, protect the environment or support a cause. The objective of an NPC is to benefit the public, not to make a profit. Non-profit organisations usually involve cultural or social activities, for example churches or charity organisations. PRIVATE COMPANIES (Pty) Ltd This means that the company is owned privately, and so the filing requirements are less strict than those of public companies. Private companies have shareholders and issue stock, but their shares will not be traded on public exchanges. The business has a legal personality separate from its members. It is owned by one or multiple shareholders and overseen by a board of directors. PUBLIC COMPANIES (Ltd) Public companies are traded on at least one public stock exchange. They must meet more rigid requirements than private companies and are obligated to publically disclose financial statements and annual reports. Directors of this company are jointly liable with the company for debts and liabilities arising during their periods of office. These companies are legal entities created by the government to carry out commercial activities on its behalf.