Partnerships

We work with partnerships and LLPs, so are very experienced in preparing partnership accounts and advising on the issues faced by business partners. So whether you need help drafting a partnership agreement, handling both partnership and personal self assessments, or are just looking for some business advice, we're on hand to deliver the highest quality service.

Business Meeting

Partnerships and Limited Liability Partnerships (LLP’s) operate in similar way to the Self-Employed for tax purposes, (although the Partnership will need to prepare a Partnership Self-Assessment return in addition to the Self-Assessment Returns of the individual Partners). As a Partnership it is quite likely that there will be VAT matters to consider.

 

Another feature of Partnerships and LLP’s is the Partnership Agreement. This is not a legal requirement, but it sets out the roles and responsibilities of each Partner, and also deals with what happens in the event of a dispute.

 

Included in our fixed fee will be:

 

  • ︎ Preparation of Annual Partnership Accounts

  • ︎ Preparation and submission of Partnership Self-Assessment Return and individual Self-Assessment  Returns

  • ︎Telephone and e-mail support in relation to these services (subject to terms of fair usage)

  • ︎Annual consultation and business review, including a free business and Financial Health Check

  • ︎ Review or Drafting of the Partnership Agreement

  •  We also offer a range of additional services at fixed fees such as:

  • ︎ Management Accounts (prepared monthly, quarterly, or twice yearly depending on your needs)

  • ︎ VAT Returns

  • ︎ Payroll

  • ︎ Credit Control/Debt Recovery Assistance

  • ︎ Book Keeping