Partners
Partners
A partnership is a legal entity in it’s own right and requires a partnership return as well as the preparation of accounts
Unlike companies, partnerships are not required to file their accounts on the public register and are able to split their profit based on the agreement of the partners, which is much more flexible and may suit owners where one individual may carry out more work than another, but where this will vary each year.
All of our partnership returns are prepared whilst considering the individuals’ specific circumstances to help maximise their take home pay.
As the individuals will be taxed on the total profits of the business we provide an annual review of the businesses expenses to ensure all reliefs and exemptions are being taken advantage of.