A partnership is a business owned and run by 2 or more people with the partners sharing the profits according to the percentage owned.
All partners are responsible for the debts and contracts of the business and are personally liable if the business gets into financial difficulty.
Partnerships can be a great way to operate if you are looking for a simple way of getting into business with 1 or more other people. The structure can be beneficial and you don’t have to submit your accounts to Companies House so your profit stays private
Bowes Brooks can help with all the accounting and tax requirements of partnerships plus we can help you to set up your partnership to ensure you are operating in the most tax efficient way from the outset.
- Full set of year end accounts
- Completion and submission of partnership tax return
- Regular monitoring to ensure tax efficiency
- Representation in the even of an HMRC investigation
From £19.50 per month
Fixed Fees, unlimited phone calls, unlimited meetings and fee protection as standard. Initial meeting and advice always free.
We speak plain English – we appreciate that you probably don’t have a background in accounting or tax and we’ll explain things in a clear and concise manner to help you understand your business.
From experience clients that understand their accounts and tax calculations make better and more informed decisions day to day. This can mean the difference between success and failure and why we place such importance on providing accessible advice and information. We will also provide regular monitoring to ensure tax efficiency.