Partnerships

If your business is set up as a partnership then you will need to complete a partnership tax return as well as a tax return for each of the partners. The overall format is similar to that of a sole trader with a share of the profits being allocated to each partner based on their partnership agreement. The structure of a partnership has its advantages and disadvantages. The UK tax system is onerous and complicated and HMRC will often issue penalties and interest on what can quite often be innocent mistakes. The number of tax investigations is continually rising and can place a great deal of stress on an individual. It is now more important than ever to get an expert to prepare your tax return.

We can take the stress from you by preparing your partnership and personal tax returns, ensuring that you are fully compliant and, as importantly, making sure that you only pay the tax that is due. We will deal with HMRC on your behalf, allowing you to focus purely on your business.

We will calculate your tax liability, making sure that you claim everything that you can. As part of our service we offer a full tax review on an annual basis to ensure nothing is overlooked.

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