Partnership

Running a general partnership is like having two or more self-employed people operating a sole trader business. Your only legal requirement is to provide HMRC with your personal income which would include each partners share of the profits (or losses) of the business. The complication for a partnership comes from the relationship between the partners. It is important that you very clearly state at the outset what the split would be between partners by completing a partnership agreement with a legal representative.

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Support

You have access to our entire team for ad-hoc enquiries. Knowing that you can pick the phone up at any time and seek advice or answers to questions is vitally important. The only "silly" question is the one you don't ask!!
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Fixed Prices

We operate using a fixed price agreement. Easy monthly payments...no big or surprise bills at your year-end.
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Cloud Accounting Software

Using QuickBooks Online and Receipt Bank will provide the platform to keep track of the financial aspects of your business. Each partner can have access.
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Register for Self-Assessment

We can help each partner with self-assessment registration.
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Partnership v Ltd Co

Partnerships can be a great vehicle for a multi-partner business. However, there may come a time when you need to find out if there is a more tax efficient way to operate. We can help you with that and provide advice on the best vehicle for your business.
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Making Tax Digital (MTD)

Everything is going digital...even HMRC. We are MTD ready so you don't have to be.

We can give you Peace of Mind

Below is a list of the services that we provide as a standard to our Partnership business clients that help in providing Peace of Mind not just at the year-end but throughout your tenure with us and what we will need from you and how you get started with us...quickly and easily!

Transferring from another Accountant? Not a problem, we take care of all that for you and don't worry, your previous accountant will still talk to you.

Our Partnership Service
- Annual Accounts
- Self Assessment for each Partner
- Partnership Agreement Advice
- Cloud Accounting Software
- Software training
- Support for ad-hoc enquiries
- GDPR Compliant Customer Portal
- Automatic "key date" reminders
- Fixed Price Agreement.
- Pre year-end call with your accountant
- HMRC Payment Reminders
- In-year budget guidance
You Do This
- Provide us with your business and personal information
- Sign our Letter of Engagement
- Follow the instructions for setting up Go Cardless in line with our Fixed Price Agreement
- Tell us which of the UN Global Goals is your favourite so we can make a contribution on your behalf. See our B1G1 page here Making A Difference
We do the rest.

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We Do This
- Input all your key dates on our internal management system
- Arrange a meeting to set up your Cloud accounting software and provide usage training.
- Advise you of what records we will require at your year-end.
- Provide on-going support
- Send automated reminders when we need your information
- Prepare your annual accounts
- Complete your self-assessment
- Advise your tax liability
- File your signed self-assessment
- Remind you of your payment dates
The fee quoted below is for two partners and assumes there are no other forms of income per partner.

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FROM £75 per month exc VAT

Call us on

0115 9989167

Partnership

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Support

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Fixed Prices

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Cloud Accounting Software

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Register for Self-Assessment

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Partnership v Ltd Co

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Making Tax Digital (MTD)

We can give you Peace of Mind

Our Partnership Service

You Do This

We Do This

Need something else?

...For Tax Savings

...To Give You Back More Time

Get in touch to see how we can make a difference to you and your business