Partnerships have a unique culture as a business
trading medium. As a partnership ourselves, we understand this
culture and offer a range of support services that the typical
partnership may require:
Disclosing and then agreeing your personal tax liability
with HM Revenue & Customs is principally achieved by the completing
and filing of both the partnership and a personal self assessment
tax return. Clients who are fearful that these disclosures may
by HM Revenue & Customs may wish to consider taking out our
fee protection insurance.
Understanding this complicated tax system and paying
the minimum amount of personal tax, at the correct time, through
the correct mechanism, is what most clients seek. Speak to our
tax technicians and put your mind at ease. We may even be able
to suggest ways to restructure your affairs to save
Practical Examples of our Partnership Expertise
- Advising on tax relief on the interest suffered by individual
partners who have borrowed money personally to introduce
cash into the partnership.
- The current debate over FRS 5 Application Note G, concerning
valuing Work In Progress for professional services partnerships.
- Advising in relation to tax efficient and motivational
profit share policies.
- Advising on future structure when a partnership disagreement
results in cessation of the existing business structure.