If you run your business as a partnership then you need to you’ll need to tell the tax man how much you’ve earned and what your expenses were during the year. This needs to be done on a self assessment tax return each year. Items such as travel expenses, mobile phone calls and stationery are all tax deductible.
You need to complete a tax return for the partnership and one for each of the partners involved.
We look after lots of partnerships in the UK. Sometimes clients ask us to just complete the partnership tax return, sometimes returns for the partnership and all partners. Unlike other accountants we don’t look after big businesses so we remain focused on you! We’ll talk to you about your situation and figure out what you should be claiming for. Then once we have the information from you we’ll complete the tax returns and submit them online to HMRC.
Our fees start at £99 + vat for the completion of the partnership tax return and £198 + vat for the partnership tax return and tax returns for both individual partners.
Learn more about how it works or if you’d like someone to give you a call get in touch
I would recommend Taxdoctor to anybody. Efficient, friendly and knowledgeable they answered all our queries promptly and made us feel at ease and that I was able to put my confidence in them. All in all a great service and for a fraction of the price that a local accountant would have charged for completing our partnership tax return.
Hannah Coe – AV saints Partnership