Accountants for Partnerships

We can also help you set up your Partnership and ensure that you are operating in the most tax efficient way from the outset.

 

A Partnership is a business owned and run by two or more people, with the partners sharing the profits according to the percentage they own. All partners are responsible for the debts and contracts of the business, and are personally liable if the business does get into financial difficulties.

 

Partnerships can be a great way to operate if you are looking for a simplistic way of going into business with one or more people. The structure can also be beneficial if there are many partners, as adding and removing partners and their share of ownership of the businesses is very straight forward to do. This is one reason business owners prefer to trade as a Partnership over a Limited Company

The accounting industry is sadly renowned for blinding business owners with needless complexity. In stark contrast, we appreciate that most business owners do not have an accounting or tax background and therefore always strive to give advice in plain English. We will explain your financials in a clear and concise manner and help you to understand our reporting of your business.

 

In our experience when a client understands their own accounts and their related tax calculations they are subsequently much more informed when making important decisions in the day-to-day running of their business. This can be the difference in failure and success for a business and why we place such importance on providing accessible advice and information

Partnership Accounting Pricing Plans

PACKAGE A

from £61 per month

Advice on forming a partnership

Advice on forming a partnership

Self assessment tax return x 2

Self assessment tax return x 2

Annual set of Accounts and filing with relevant authorities

Annual set of Accounts and filing with relevant authorities

Online access to real time financial reporting

Online access to real time financial reporting

General HMRC correspondence

General HMRC correspondence (not enquiry related)

Additional employee payroll

£10 per 2 additional employees

Bookkeeping

Additional £40 per month

One free initial consultation

Free initail consultation x 1

PACKAGE B

from £80 per month

Advice on forming a partnership

Advice on forming a partnership

Self assessment tax return x 2

Self assessment tax return x 2

Annual set of Accounts and filing with relevant authorities

Annual set of Accounts and filing with relevant authorities

Online access to real time financial reporting

Online access to real time financial reporting

General HMRC correspondence

General HMRC correspondence (not enquiry related)

Additional employee payroll

Included for 2 additional employees

Bookkeeping

Additional £20 per month

One free initial consultation

Free initail consultation x 1

Registration for all HMRC taxes

Registration for all HMRC taxes

Quarterly VAT return preparation

Quarterly VAT return preparation

Monthly payroll – 1 director/employee

Monthly payroll – 1 director/employee

PACKAGE C

from £120 per month

Advice on forming a partnership

Advice on forming a partnership

Self assessment tax return x 2

Self assessment tax return x 2

Annual set of Accounts and filing with relevant authorities

Annual set of Accounts and filing with relevant authorities

Online access to real time financial reporting

Online access to real time financial reporting

General HMRC correspondence

General HMRC correspondence (not enquiry related)

Additional employee payroll

£10 per 2 additional employees

Bookkeeping

Included

One free initial consultation

Free initail consultation x 1

Registration for all HMRC taxes

Registration for all HMRC taxes

Quarterly VAT return preparation

Quarterly VAT return preparation

Monthly payroll – 1 director/employee

Monthly payroll – 1 director/employee

Quarterly Personal tax projection & proactive tax advice

Quarterly Personal tax projection & proactive tax advice

Advice on profit and capital sharing ratios

Advice on profit and capital sharing ratios

Considerations in relation to partners joining or leaving the partnership

Considerations in relation to partners joining or leaving the partnership

Prices displayed are per month. One month discount is applied when service in paid in yearly advance. All prices are exclusive of VAT

Business Markets We Cover