A partnership involves two or more individuals working together, similar to a sole trader but with shared profits and joint liability for any liabilities that may arise. It is important to have a written agreement in place to clarify the partnership terms.
Our Services For Partnerships Include:
- Free initial consultation
- Individual partner registration with HMRC
- Partnership registration
- Preparation and filing of the partnership tax return
- Preparation and filing of self-assessment tax returns for individual partners
- Guidance on the UK tax system, including N.I. rates
- Advice on maintaining proper record-keeping practices
- Assessment of VAT registration requirements and available VAT schemes
- Suggestions on possible allowable expenses
- Tax liability assessment and important dates
- Acting as your agent and liaising with HMRC on your behalf
- Unlimited email and telephone support throughout the year
- Provision of bookkeeping software solutions
- Tax planning services
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