If you run your business as a partnership, 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 completed via a self assessment tax return and should be submitted once a 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.
Taxdoctor can help
We handle the entire tax returns process on your behalf, ensuring a fast, affordable and effective solution. Sometimes clients ask us to complete just the partnership tax return, while others require assistance with 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 exactly what you should be claiming for. Once we have the information we need we’ll complete your tax return before submitting it online to HMRC.
Our fees start at £120 + VAT for the completion of the partnership tax return and £198 + VAT for the partnership tax return and tax returns for both individual partners.
Why not see how it works, or if you’d like to chat to a tax advisor just get in touch!