Partnership
If you wish to start trading with two or more people then registering as a Partnership is one way you can go to achieve this. The taxation of partnerships is very similar to the Sole Trader.
What we do
Below is a list of what we can do to help you:
- Registration – So you can start trading as a partnership straight away
- Advise on the best way to keep your records
- Advice and support all year round
- Prepare an Annual Income Statement for your partnership, showing how it has performed during the year
- Calculate Capital Allowances
- Prepare and submit your partnership return online
- Prepare and submit your Self Assessment return online (for you and your partners)
- Advise on what tax to pay and when it’s due
- Make claims for reliefs and allowances to minimise the tax you pay
- Quarterly VAT Return (if applicable)
- Prepare and complete end of year accounts
*Depending on your circumstances it may be beneficial to trade via a Limited Company.
For further information and advice please get in touch or fill out our easy form here.