Partnership Accounts

Ensuring your partnership is tax compliant

We can act for your business partnership and ensure you are compliant with your accounts and tax returns. In a partnership, you and your partner (or partners) personally share responsibility for your business.

This includes:

  • Any losses your business makes
  • Bills for things you buy for your business, like stock or equipment

If you are a partner in a partnership, you will take a share of the business’s profits, and pay tax and National Insurance on your share.

What partnership accounting and tax work can we help you with?

First of all you need to register the partnership with HMRC, either online or using form SA400. We can do this for you if you wish, as we understand HMRC forms can be a scary thing. HMRC will then send you a UTR (Unique Tax Reference), and will expect tax returns from you.

A partnership has to prepare its own tax return (SA800), and as a partner you also need to declare any partnership profits on your own personal tax return (SA100). So if there are two partners (individuals) in a partnership, there will be three tax returns needed in total.

Why choose A&S Accountants for your partnership accounting?

We can prepare the partnership year end documents, providing you with statutory accounts and all three tax returns so you don’t have to worry about staying compliant. We will let you know what tax and National Insurance is due and when/how to pay.

Everything we do is electronic and in digital format, to make life as easy as possible for our clients. You can approve your tax returns at the click of a button.

Simples!

Get in Touch

If you're not sure use general enquiry

Harbour Taxi's Burry Port

I've been in business a number of years and always used a accountant. I moved to Burry Burry port and asked A&S to do our tax returns for me and my what a brilliant and professional service they provide, nothing to much trouble, very fast turn around, highly recommend 5 star plus

Matthew Smith

Superb service from Ash - took over our payroll seamlessly and has helped us no end during this troubling period. Highly recommended

Leighton Masky Bryant

I would highly recommend A&S accountants very reasonable price, reliable friendly and professional service. Anyone who is looking for a local accountant A&S are the ones you need
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Location

Pemberton Road, Llanelli,
Carmarthenshire,
Wales, SA14 9BG

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