PEM has been servicing Cambridge clients for more than 145 years. They are now the city’s largest firm of accountants, and tax and business experts, offering a broad range of services in a variety of industries.
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Find out how they can be a valuable member of your team in this PEM Accountants review.
Table of Content
- 1 PEM Accountants Overview
- 2 Services Offered By PEM Accountants
- 3 PEM Accountants’ Contact Details
- 4 PEM Accountants Reviews
- 5 Summary
- 6 Full List Of Cambridge Accountant Companies
PEM Accountants Overview
In all aspects of business, tax, and wealth, PEM Accountants assist businesses, not-for-profit organisations, private individuals, and families. They recognise that their industry is specialised, so they take a different approach than others, applying their expertise and strengths to your affairs while ensuring that you are only involved in as much detail as you desire.
Because they have been in business for more than 145 years and work with a wide range of people, corporations, and non-profits, their clients benefit from an open, jargon-free partnership in which their needs are investigated and understood, and their track record and dependability contribute to their own success.
Services Offered By PEM Accountants
PEM Accountants has a comprehensive range of services for its clients.
Accounting
It’s difficult to keep up with the newest changes in tax and accounting requirements, whether you are self-employed, an employee, business owner, or charity, and creating your yearly accounts can be a headache. PEM Accountants have been helping clients make sense of their finances for over 145 years as Cambridge’s largest accounting firm. Their knowledgeable advisors take the time to learn about your situation, goals, and aspirations.
They don’t just prepare your annual accounts; they put them in context so you can make the best decisions for your company’s future.
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Annual Accounts and Compliance
Despite the fact that many businesses no longer require a yearly audit, every firm, whether a limited company, partnership, or sole trader, is required by law to prepare annual accounts. Their staff will create and interpret your financial statements and provide tax advice, including the production and submission of the corporate tax return, payments on account, HM Revenue & Customs inquiries, and the optimisation of tax reliefs and allowances.
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Bookkeeping and Management Accounts
Are you spending too much time and energy processing invoices when you could be doing something more productive with your time and energy? Their bookkeepers and management accountants can work on bookkeeping projects at your location or at their office. They will customise their service and keep your records using methods and software that are appropriate for your company and preferences. If you’re struggling with a temporary lack of resources in your accounts department, they can provide a variety of services.
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Company Secretarial Services
The PEM Accountants company secretarial staff will take care of all of your legal requirements, such as business registration, registered office, annual filings, and director and secretary changes. They also handle the necessary paperwork for dividend payments and stock transfers, including the necessary minutes.
Audit & Assurance
Keeping up with the production of correct and timely year-end accounts, regardless of how big or little your company is or what industry you are in, can be a challenge – and that’s before you consider the ever-changing compliance regulations. However, there is another viewpoint: auditing provides an opportunity to gather crucial insights into your organisation – information that can help you optimise your operations, enhance your processes, and even increase your profitability.
With PEM Accountants, you will be assigned a team of industry experts who will get immediately to work on the fundamentals of your business. After the audit, you’ll receive a jargon-free report that includes the audit’s key findings, a review of your current accounting systems, and recommendations for improvements or adjustments, as needed.
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Financial Audit
Financial audit services are provided to a wide range of commercial and non-profit organisations of all sizes and industries. To provide value for money and to meet their clients’ objectives, they use a streamlined and risk-focused strategy. They have specialised teams and place a high value on employee retention.
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Grant Audit
Is your organisation in the process of receiving money for a project? If this is the case, expenditures will almost always need to be verified by an approved and impartial, external auditor. The PEM Accountants staff has extensive experience with funding programmes such as Innovate UK, the European Commission’s Horizon 2020, AMSCI, and regional development initiatives.
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Specialist Audit
Outside of the core statutory audit boundaries, certain organisations are subjected to extra onerous audit or review procedures. Your professional bodies or regulators are usually in charge of establishing these rules. PEM’s goal is to determine the needs and accomplish the work in the most efficient way possible.
Business Advisory
The PEM advice is always targeted and flexible for organisations of all sizes and sectors, from ambitious start-ups to established local firms. Their department’s structure allows them to provide the personalised service of a small firm while also providing access to all of their expert departments. All customers will have direct communication with the Partner in charge of their affairs and their portfolio manager, who they expect to become valuable members of your extended team over time.
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Business and Development Diversification
Diversification is not a decision to be made lightly, so their team will do a thorough analysis of your company to determine its strengths and weaknesses and assess the risks and their manageability.
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Profit Improvement Strategy
From ambitious start-ups to established local enterprises, the PEM advice is always focused and flexible for organisations of all sizes and sectors. Their department’s structure enables them to deliver the individualised service of a small firm while also allowing them to access all of their specialised divisions. All customers will have direct access to the Partner in charge of their affairs.
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Raising finances
Raising capital can help you realise your business goals, whether they are for expansion, acquisition, or a management buyout. They can connect you with active investors and assist you in developing a business strategy, proposal, and projections.
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Startup
PEM Accountants deal with a variety of start-up businesses, aiding with everything from the initial set-up to handling compliance obligations and giving important insights to help you realise your company’s full potential.
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Due Diligence
Whether you want to expand your company through acquisition, sell your company before retiring, or get more funding, a thorough due diligence procedure will uncover any issues and provide transactional insights that will be essential during the negotiating process.
Corporate Finance
Whether you are purchasing, selling, or growing a business, PEM Accountants work directly with owner-managers to provide help at important moments in their journey. While each of their services is unique, the manner in which they deliver them is the same: honesty, empathy, and efficiency.
PEM Accountants are not just a consultant; they are a partner. This means they are not your typical ‘suits’; they prefer to roll up their sleeves and get their hands dirty. Because of their flat structure, you will have a direct touch with their senior personnel at all times. Your questions will always be heard and answered by an expert.
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Selling a business
PEM specialises in selling privately held, owner-managed enterprises that are not publicly traded. They assist their customer in maximising the value of their company and negotiating favourable conditions.
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Purchasing a business
Investing in a business could be the best decision you’ve ever made. There’s a lot to gain — fresh money, clients, assets, and talent, to name a few. You could even eliminate the competition.
But there’s also a lot at stake. Business acquisitions put your money and reputation on the line, and they can even have a negative impact on your current business.
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Management buy out/buy in
You’ve climbed the corporate ladder and guided your company in the right direction as a senior executive. You’ve proven your worth a thousand times over, and now it’s time to take the next step: business ownership.
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Valuing a business
From window cleaners to airlines, individual merchants to multinational corporations, PEM Accountants have valued them all. Despite their experience, they never claim “been there, valued that”; each business valuation is treated as unique.
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Raising finance
Raising capital can help you realise your business goals, whether they’re for expansion, acquisition, or a management buyout.
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Succession planning
A business isn’t always just a business. It’s sometimes a family tradition. In this situation, succession planning is essential. A proper succession plan can financially reward you, safeguard your firm, and ensure that the future owner has the best chance of success.
The PEM Accountants staff has spent decades assisting owner-managers with succession planning. They understand that personal motives are at the heart of business succession, so they will pay close attention to them and create realistic solutions to fulfil them. They will work together to develop a realistic, rewarding, and resilient succession plan for you.
Financial Planning
Life isn’t always smooth sailing, and your financial and personal situations might shift at any time. You may require expert help from an independent financial consultant in addition to tax and accounting guidance (IFA). To provide a coordinated strategy, they engage with independent financial advisers (IFAs) who provide wealth management advice to individuals and corporations.
If your advisers work together, regardless of your age or circumstances, you are more likely to achieve your personal and corporate financial goals. An IFA will assist you in determining your financial goals and, in collaboration with your regular PEM contact, will recommend a comprehensive wealth management approach tailored to your unique needs and goals.
Personal Financial Planning
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Investment strategies
PEM will work with you to identify and recommend tax-efficient methods to invest your money now and in the future, selecting investments that match your risk profile and are likely to fulfil your objectives and timeframes. Your investments may lose value as well as gain value, and you may not earn back as much as you put in.
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Pension planning
Pensions are a tax-advantaged way to save for retirement, and the increased flexibility in how you can access your pension fund makes them even more appealing. They can assist you in accumulating sufficient wealth, including through SIPPs and SSASs, in ensuring a pleasant retirement. The size of the fund at retirement, future interest rates, and tax legislation may all affect your eventual income.
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Lifestyle protection
What would you and your family eat if you were unable to work due to an accident or illness, or even worse if you died? PEM will examine the financial risks you and your family face and make recommendations for products that will protect you if the worst happens.
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Mortgages and Borrowing
PEM Accountants offer access to professional mortgage experts who will examine all available mortgage packages to locate a suitable and reasonably priced mortgage that meets your demands and budget. Furthermore, they frequently have access to mortgages that are not available to the general public.
Business Financial Planning
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Business protection
What financial impact will a crucial employee’s inability to continue working have on you, your family, and your company? PEM Accountants offer advice on how to protect your company, its owners, and key personnel from financial ruin if the worst happens.
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Directors’ pensions
PEM Accountants have extensive experience assisting directors, shareholders, and business owners in extracting value from their enterprises and building tax-efficient pension plans, particularly through the use of Self-Invested Pension Schemes (SIPPs) and Small Self-Administered Pensions (SSAPs) (SSASs).
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Employee benefits
No matter how small or large your company is, they have considerable knowledge and experience in creating, implementing, and administering employee benefits packages that are cost-effective for employers and cherished by employees.
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Workplace pensions
PEM can make sure your workplace pension is appropriate and cost-effective, and that you are meeting your auto-enrolment requirements. If you like, they can also handle the administration of your workplace pension.
International Advice
Every action has tax ramifications both locally and globally, whether you’re a UK corporation looking to trade worldwide, a foreign-owned business investing in the UK, or an individual working abroad. Therefore, it pays to get counsel.
PEM’s international tax team consists of more than 40 experts that can assist you through the various complex foreign tax standards and decrease your tax liability.
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International Business tax
Whether you’re a small family business or a multinational corporation, constantly changing legislation and a global crackdown on tax evasion make it critical to understand the tax ramifications of any business decisions you make.
- Capital Allowances
- Creative industries tax relief
- Employee share incentives
- Patent box
- Research & development
- Tax compliance
- Transactional tax
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International employment tax
PEM Accountants recognise that your employees are your most valuable asset. Whether you’re a small business, a large corporation, or a non-profit, attracting, retaining, and motivating talented employees is critical to your success.
You can motivate employees by offering flexible benefits, stock incentives, and custom remuneration packages, to name a few options. To avoid penalties, employers must clearly understand their tax liabilities and reporting requirements.
Our Employment Tax specialists have a wealth of experience advising businesses of all sizes and can assist you in navigating HMRC’s complex regulations. They take the time to get to know your company, its goals, and culture in order to provide you with clear, tailored advice that allows you to focus on running your business.
- Employment status
- Employee share incentives
- HMRC enquiries
- Tax on payments, expenses, and benefits
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International personal tax
Whether you are planning for this year’s tax return or looking ahead to retirement and inheritance, there is usually a lot that can be done to reduce your personal tax liability.
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Personal Tax
- Capital Gains tax
- Inheritance tax
- Income tax
- Tax compliance
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Other Services
- Probate & Estate administration
- Financial planning
- International advice
- Trust
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VAT overseas
VAT is a complicated and difficult tax to understand. If you get it wrong, you could be hit with a slew of unexpected bills and penalties. Similarly, if you don’t maximise your VAT recovery or use the wrong rate, you could end yourself paying a lot of money.
Whether you’re dealing locally or globally, it’s critical to make sure your systems and processes are compliant. Their knowledgeable staff provides guidance to firms in a variety of industries, including some with particularly complicated regulations, such as charities, not-for-profits, and property developers.
- Savings
- Training & Guide
- Errors, disputes, & enquiries
- Compliance & planning
Payroll
Providing payroll services in-house can be costly, and recruiting employees with the necessary expertise can be difficult. Consider PEM as a safe set of hands for your payroll process, allowing your employees to focus on their main responsibilities. PEM professional payroll team has the experience and technology to pay your employees promptly and efficiently while also delivering a customised, discreet solution to meet your company’s needs.
Probate and Estate Estimation
Because emotions can run high at this sad time, their experienced staff is here to help you navigate the complexity of probate and estate administration, providing as much or as little assistance as you require. They can provide insight into the arrangements and guarantee that the deceased’s desires are honoured where they have assisted in the preparation of the will and asset planning structuring.
Recovery & Insolvency
Events beyond your control can frequently put you and your company in financial jeopardy. If you’re a sole trader, a partnership, or a limited company, it’s critical to act quickly to avoid your business failing as a result of your debt.
The experience of PEM Accountants suggests that the faster you act while running a business, whether you’re a sole trader, a partnership, or a limited company, the better chance you have of saving you business or personal affairs.
Tax
Do you pay more tax than you should? Thousands of people in the United Kingdom do just that each year. PEM’s sixty-strong tax team of business advisers based in central Cambridge is here to help you through the complexity of both the UK and international tax systems, ensuring that you and your business are not only compliant but also save money.
- Business Taxes
- Employment Taxes
- International Tax
- Personal Taxes
- Stamp Duty Land Tax
Virtual Finance Office
The PEM Accountants Virtual Finance Office (VFO) is an outsourced accounting solution that saves you money while also giving you something more valuable: your time. Getting the financial function to run smoothly can be difficult for anyone running a business, as different firms require diverse abilities ranging from processing to reporting and forecasting, which are challenging to acquire without hiring multiple personnel.
Their fully outsourced accounts solution ensures that you remain HMRC compliant, that invoices are processed and paid on time, that you have access to the most up-to-date technology, and that you have access to up-to-date information about your business so you can make confident decisions in the future. Simply choose the services you require and free up your time, no matter how big or little your company is or what industry you’re in.
PEM Accountants’ Contact Details
You can visit PEM Accountants in their Salisbury House office or call them during working hours through any of the following contact information.
Address: Salisbury House, Station Rd, Cambridge CB1 2LA, United Kingdom
Telephone Number: 01223 728222
Email: [email protected]
Twitter: twitter.com/PEM_uk
LinkedIn: www.linkedin.com/company/pem-accountants/
PEM Accountants Reviews
PEM Accountants offer the professional services of business advisers based in the UK. Read what clients have to say about the company in this setion.
We have been with PEM for a couple of years now and they have been brilliant for us as a company. So helpful .
From reception through to the partners we have not met anyone who has been nothing other than helpful , responsive , conversant and a credit to PEM – Ian Kingsley
I have been incredibly impressed with the quality of service that I have received from PEM. My matter was dealt with professionally and extremely efficiently. I can’t thank Sarah enough for her help and I would highly recommend PEM to everyone. – Dominic Young
Summary
In this PEM Accountants review, we took a look into the services of the company. They claim to be the largest independent firm in the United Kingdom. They offer a wide range of services, such as helping clients with VAT compliance. As the largest independent firm based in Salisbury House, they maintain a good reputation with their stakeholders, making sure clients enjoy their time with them. PEM Accountants is a fun and competent company to work with.
Full List Of Cambridge Accountant Companies
We have compiled a list of Cambridge Accountant companies below:
