Partnerships.
Partnerships are taxed twice over in paperwork terms: the partnership files its own return, then every partner reports their share on their personal return — and the numbers must agree. We prepare the partnership accounts, the SA800, and each partner's Self Assessment as one consistent job, so profit shares, capital accounts and tax reserves all reconcile.
What we take off your plate
- Partnership accounts and the SA800 partnership return filed on time
- Each partner's personal Self Assessment prepared from the same numbers
- Profit-sharing arrangements and partner changes handled cleanly
- Advice on partnership vs LLP vs company as the business grows
One business, several tax returns, endless goodwill to protect.
A partnership is a business and a relationship, and the accounting has to serve both. Mechanically it multiplies filings: the partnership's own return, then each partner's Self Assessment carrying their profit share, all of which must agree with each other and with the accounts. One late or inconsistent return spreads penalties across every partner — which is why we run the whole set as one engagement, never as scattered individuals.
The part that actually protects partnerships is sharper than filing: profit shares applied exactly as the agreement says (and flagged when the agreement says nothing — the silent cause of most partner disputes we've seen), current accounts tracked so drawings against profit are facts rather than feelings, and the tax consequences of a partner joining, retiring or reducing hours worked out before the handshake, not litigated after it.
LLPs add company-style accounts filed at Companies House on company-style deadlines with partnership-style tax underneath — a hybrid that rewards an adviser fluent in both languages. Whatever the form, the deliverable is the same: every partner knowing their share, their drawings and their January number, with no ambiguity for a friendship to trip over.
The details we mind so you don't have to
- Partnership return and every partner's Self Assessment filed consistently, as one job
- Current accounts that make drawings-versus-profit-share a fact, not an argument
- Partner changes priced in advance — cessation rules, capital, and continuing profit shares
- LLP accounts on Companies House deadlines with partnership tax done right underneath
Relevant services
Accounts & Bookkeeping
Year-end accounts, management figures and tidy books — done properly, filed on time.
Learn more →Personal & Business Tax
Self Assessment, Corporation Tax, and planning that happens before the year end — not after.
Learn more →VAT
Registration, quarterly returns and Making Tax Digital — without the quarterly panic.
Learn more →Payroll & Pensions
Payslips out on time, RTI filed, pensions handled — every pay run, without fail.
Learn more →Tax Advisory & Planning
The complex questions — remuneration, disposals, reliefs, second opinions — answered before you act.
Learn more →Business Restructuring
Incorporations, share reorganisations, group structures and orderly closures — moved carefully, taxed correctly.
Learn more →