Why choose our Partnership Service?
- Flexible, tailored service
- Own dedicated accountant
- Highly Responsive
- Tax efficiency as standard
- Fully Managed Deadlines
- Personable, friendly and approachable
- Chartered Accountants - regulated under ICAEW
- Unbeatable value service
FAQs
What are Partnerships?
There are 2 different types of partnership, a simple Partnership and a Limited Liability Partnership (LLP). As the name suggests, a simple Partnership is easier to set up and has fewer requirements.
How are Partnerships taxed?
The profits of a Partnership are split according to the Partnership agreement in place and is put onto the individual’s tax returns.
What reporting requirement are there for a Partnership?
A Partnership tax return will need to be prepared as well as self-assessment tax returns. With an LLP, a confirmation statement will need to be filed annually at Companies House.
How much are accountancy fees?
Our fees for a simple Partnership are in line with our sole trade fees, whereas our fees for an LLP will be similar to a Limited Company.
Do you register Partnerships?
Yes, we can complete all registrations on your behalf and also register for all relevant taxes.
Our comprehensive service means you don’t have to worry about a Thing
At Low Cost Accounts, we provide flexible and tailored advice to suit your individual requirements. If you are unsure about the best structure for your business, please get in touch.
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