Partnership

 

 

Call us on 01462 418641

Did you enter into business with someone else?

If you did then chances are you are in a partnership.

 

We can assist in the preparation of the partnership accounts and tax return.

We will prepare a full set of accounts for the business including a profit & loss account and a balance sheet.

We will meet with you (and your partner(s)) to discuss the information contained in the accounts.

From these accounts we will prepare the partnerships tax return to be submitted to HMRC.

We will also advise or assist with the preparation of each partners individual self-assessment tax return.

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    Management Accounts

    • We can prepare management accounts for your business on a monthly or quarterly basis.
    • Management accounts are important to help you see how your business is performing.
    • Management accounts can assist your with cash flow.
    • We can provide you with budget comparisons for your business.

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      Year End Accounts Preparation

      • We will prepare your partnership accounts from the accounting records you provide to us (or from the bookkeeping records we produce on your behalf if applicable).
      • All accounts will meet the required accounting standards and comply with all legal requirements.
      • We will meet with you to discuss the figures within your accounts and interpret them for you, and invite you to ask as many questions about the figures to assist your understanding.
      • We will provide you with a final copy of your accounts for your records.

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        Partnership tax

        • We will prepare your partnership tax return from the year end accounts that we prepare.
        • We will provide you with a partnership tax return data schedule which details the information contained within the return relevant to each partner.
        • We will submit your tax return to HMRC electronically (wherever possible).
        • We will confirm to you the submission of the TAX return to HMRC.

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        Bookkeeping

        • Our bookkeeping services can be tailored to suit the needs of your business and agree a routine that suits you.
        • Our services can include bank receipts, bank payment, bank reconciliations, sales invoicing & purchase invoicing.
        • We can prepare your VAT return.
        • We can provide online & on site solutions.
        • We can provide monthly or quarterly management accounts to help you monitor how your business is performing.
        • Giving you piece of mind that you records are in good order.
        • We can agree a fixed monthly fee with you to spread the cost.

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          VAT Returns

          • VAT return services can be tailored to suit the needs of your business.
          • We can prepare and file your VAT return on your behalf.
          • We can provide training to you to help you complete your own VAT return.
          • We can provide assistance with VAT registration.
          • We can provide advice on VAT schemes, planning and administration

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            Payroll

            • We can provide assistance with setting up your payroll (PAYE) scheme with HMRC.
            • We can provide payroll services to you business for employees paid on a weekly, fortnightly & monthly basis.
            • We can provide payslips for each employee per pay frequency.
            • We can file your monthly RTI information to HMRC.
            • We can prepare and file your year-end payroll submissions to HMRC.
            • Do you have a questions about auto-enrolment? Give us as call, we can help.

           

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