Partnership
Sometimes people who work for themselves (sole traders) will decide to form a partnership.
Partnership is then 2 or more self employed individuals decide to work together with any given profit sharing arrangements (for example, 50/50 or 30/70 etc)
Each partner then must register with HMRC as a self employed individual and the partnership itself must be registered.
At the end of the tax year each partner will have to prepare and submit individual Self Assessment Tax Returns as well as the Partnership Tax Return.
Our services:
For one fixed fee for a full year's comprehensive service, we will:
- prepare the partnership accounts
- discuss the draft accounts
- prepare and submit the partnership tax return
- prepare and submit the partners' personal tax returns as required
- look for ways to reduce the tax payable
- provide year round access to our experts in your industry
Contact us if you require registration or help with running the partnership.
You can increase you income by 10% if you register for VAT & further 10% increase if you register a Company.
Get 20% extra cash without doing any extra work.
We will take care of all the paperwork – just sit and enjoy extra CASH coming into your bank account!
Contact us, request a call back or speak with us online if you have got any questions.