Partnership

PARTNERSHIP BUSINESS ACCOUNTS

• Setting up a bookkeeping system, either online or desktop, tailored to your needs. For benefits of online bookkeeping click here
• Preparation of Profit and Loss account and Balance Sheet

TAX

• Tax planning
• Calculation of partners’ Income Tax and Capital Gains Tax based on the partnership’s business accounts for inclusion in the partnership tax return
• Preparation and filing of partnership self assessment tax returns

PAYROLL

• If you are planning to employ staff we will set up your PAYE and run payroll for you

VAT

• VAT Registration (if Partnership’s turnover is or is likely to exceed £68000 or when you Voluntarily wish to do so)
• Calculate your VAT liability and electronically file VAT returns