The services we provide are available to help you get the most out of your money, business and investments. Today’s fast moving world means good advice and swift service have become increasingly important. Pacific are the professionals to advise you on how to cope.
Our services are tailored to your specific requirements and change as your requirements change to keep pace with you. The services we provide include, but are not limited to the following:
Accurate and up-to-date management information is extremely important for the running of your business. We can provide monthly or quarterly management accounts to help you run your business.
We operate a confidential comprehensive payroll service for our clients including advising of HMRC liabilities, auto-enrolment and can even deal with the BACS transfer of salaries to employees.
Accurate book-keeping is essential for tax compliance and to produce management and annual accounts. Our experienced team will efficiently do your book-keeping for you, leaving you to run your business or to advise you on appropriate software and can provide training for you or your staff.
Annual Accounts For Unincorporated Businesses
If you are running a business you will require annual accounts for your business whether you are a sole trader or a partnership. We are able to provide you with this service and submit your accounts to HMRC on your behalf.
Every limited company must have properly and accurately prepared accounts in accordance with the Companies Act 2006 and the financial reporting standards. Which are prepared at least once a year for Companies House and HMRC and sometimes banks also require them. We can carry this time-consuming burden for the company and its directors, not only producing the accounts but also filing and submitting them.
We are registered auditors. Most small accountants no longer provide this service but it can be invaluable for shareholder reassurance, finance companies or to reassure a potential buyer of your company about your financial position. In addition some larger companies are legally required to have an audit annually.
We can take charge of the essential, but technical and time-consuming, task of dealing with your company secretarial duties. This involves making the correct and timely submission of forms to Companies House, providing minutes for your meetings and the other aspects of basic corporate governance that can cause problems if done incorrectly.
We advise our clients on the widest range of important business subjects. From acquisition and disposal of businesses to strategic planning and everything inbetween to ensure the long term success of your business. Our experienced team have all the advice you need to succeed.
VAT can be a much more difficult and complicated than might first appear. Our VAT specialists can guide you through the maze of VAT legislation to reduce your chance of going astray and possibly save you money as well.
Tax Planning and Advice
Bespoke tax advice for your circumstances including personal tax returns, corporate tax returns, research and development tax claims and dealing with any tax investigations you may unfortunately find yourself having to deal with.
Personal Tax Returns
We can help simplify your tax affairs. We do the hard work and will notify you of your tax liabilities, or if you are fortunate, your refund. Our highly experienced tax team will keep you informed every step of the way, leaving you nothing to worry about.
Our expert team can calculate your corporation tax for you. They can also provide advice on reducing your tax liability through the many methods available, such as Research and Development Claims.
Research and Development Claims
Companies that spend money on research and development activities can claim additional relief to reduce their corporation tax bill. This can lead to a tax credit of over 100%! It is important to get a claim in if you’re eligible and our experienced tax team can save you tax!
An investigation from HMRC can happen even if you have kept your records well and submitted your returns and paperwork on time. We are experienced at handling tax investigations and when finding out about one we are your first port of call before responding to HMRC. Let our experts handle it even if we have not acted for you before.
Capital Gains Tax
We calculate and advise on Capital Gains Tax (CGT), the tax you pay based on the profit when disposing of an asset. We can help you maximise the use of your CGT allowances to reduce the tax you have to pay.
Wills and Powers of Attorney
It is important to protect your estate for your loved ones should the worst happen. A well written Will, with the right tax planning, can reduce your inheritance tax liability by tens of thousands of pounds and protect your wealth for your loved ones. An additional protection is a Lasting Power of Attorney, a person appointed to deal with your affairs should you become incapable of doing so.
Although a Will is an important part of Inheritance Tax Planning it is only part of the solution. Appropriate IHT planning can reduce or eliminate your IHT liability on death but must be done as early as possible for maximum benefit.
From ISAs to Pensions our qualified advisers can help you achieve the best return on your investment. Long term financial planning is our specialty with the added advantage of close co-operation with our excellent tax department.
SSAS Pension Schemes
A SSAS (Small Self-Administered Scheme) is an occupational pension scheme that is created by the directors of a company who want more control over the investment decisions relating to their pensions and in particular, to use their pension savings to invest in the business. We can set these up for you, advise on investment decisions and complete the necessary recurring paperwork to ensure your pension scheme remains compliant with legislation.
SIPP Pension Schemes
A SIPP (Self-Invested Personal Pension) allows you make investment decisions from the full range of available investments, unlike many traditional personal pensions. We advise you on the best mix of funds in which to invest in to achieve your retirement goals.
ISAs are tax-efficient savings and investment products. We can advise you on the best ISAs and the funds to hold within them.
Saving for your retirement is an important part of your working life. Starting early is recommended and we can advise you on the best company to start a pension with and how to invest your pension money so as to provide you with the maximum return, thus providing you with a better income in retirement.
Long Term Financial Planning
Taking a long term view of your finances is the best way of ensuring you have the resources available for your future. Whether that is for retirement, saving for a home or providing for your children’s education we can help plan the steps required for you to get there.
Life Insurance and Assurance
These are an essential product to help protect your family should the worst happen. We can advise you on the best type of life cover for your circumstance and arrange it for you.
Unit Trusts and Other Investments
These are the ‘traditional’ investment funds that make up the bread and butter of most investment portfolios. We advise on the best ones for you to hold and if necessary will advise on changing them when better options arise.
If you would like more information about us please contact us on 01603 630684 or complete the form at the bottom of this page.