Tax Advisors & Chartered Accountants in Bristol, Bath and Wiltshire area
Partnership accounts
Our specialised services take the complexity out of partnership accounts, allowing you to focus on what you do best – running a successful business.
Our partnership accounts service includes:
Free initial consultation to understand your specific requirements and objectives.
Individual partner registration with HMRC to ensure compliance with tax regulations.
Preparation of financial statements
Partnership registration and tax returns
Implementing accounting systems
Tax planning guidance
Business planning advice.
Partnership
A partnership is a business arrangement involving two or more individuals, operating similarly to a sole proprietorship. However, it’s essential for partners to establish a formal agreement outlining profit distribution according to agreed terms. While profit sharing may vary, all partners share joint responsibility for potential obligations. It’s crucial for each partner to grasp this, as they can be held liable for the company’s liabilities regardless of ownership percentage.
Our Services
At EasyAccounts & Tax, we offer tailored services for partnerships, including:
Initial consultation to understand your needs and objectives.
Individual partner registration with HMRC for tax compliance.
Partnership registration to establish your business.
Preparation and filing of partnership tax returns for accuracy and compliance.
Filing of self-assessment tax returns for partners.
Expert advice on UK tax intricacies, including National Insurance rates.
Guidance on record-keeping for accurate financials.
Assessment of VAT registration needs and schemes.
Advice on allowable expenses to minimise tax liability.
Clear explanation of tax liabilities and deadlines.
Acting as your agent with HMRC.
Year-round email and telephone support for accounting and tax queries.
Provision of efficient bookkeeping software.
Strategic tax planning for optimisation and cost reduction.
Why Choose EasyAccounts & Tax
At EasyAccounts & Tax, we strive to deliver a smarter, creative, and unique response that effectively conveys the significance of partnership structures and highlights the value of our services in terms of registration, tax compliance, ongoing support, and efficient financial management for partnerships in the UK.
Tailored strategies crafted to minimise tax liabilities, preserving wealth for future generations through meticulous planning and informed decision-making.