Partnership Accountants.
Here is how we support Partnerships with our fixed, competitive pricing.
Why choose our Partnership Accountants services?
Starting a business can be time-consuming and overwhelming. Whether you’re registering as a limited company, a partnership or self employed, you need to make sure that you are compliant with the law and with HMRC. Whilst it may not be at the top of your list of priorities, having a good Accountant behind you can help massively in the long run.
Our prices are fixed so you can budget and won’t be hit with unexpected costs come year-end.
Some companies are slow burners that require very little in terms of support, but some businesses can grow far beyond the capacity of one or two owners very quickly.
Our partnership Accountants provide a personal touch, where we can offer a full support package that can be as involved as you need us to be.
Whatever your situation, you can always get in touch for a free consultation. If you’re unsure of your trading status, read our article.
We offer a whole range of services
What is a partnership?
A partnership is a business agreement between two or more individuals where the profits can be shared however you like. It is usually for solicitors, lawyers and other professional occupations.
There are two types of partnerships in the UK, a Partnership, and a Limited Liability Partnership. They work similar to a sole-trader or Limited company respectively in terms of filing obligations. You will need to register your partnership and notify HMRC either way, but Jacksons Accountants can do that for you.
You and your partners will be required to complete a self-assessment to declare your earnings from the partnership.
Additional partnership Accountants services
Bookkeeping for Partnerships
When starting a business, it’s easy to lose track of bills, receipts and expenses.
Our experts offer bookkeeping from as early as possible so that you can make significant savings down the line. By doing this, you will also benefit from your Accountant having a deeper understanding of your business to help it be a success. See our management accounts page.
Tax
Corporation Tax, Dividend Tax, Income Tax? It can all get very confusing trying to figure out if you’re paying too much (or too little) tax. See our article on business taxes.
Your tax advisor will assess the structure of your company and advise you on how to keep your tax bill as low as possible.
Often, the best approach is a combination of dividends and salary and we can make sure that you’re set up to take advantage of your tax free allowances, so you have more cash to reinvest into your business, hire new people or enjoy a nice retirement.
VAT returns
If your turnover is over £85,000 in any 12 month period, you will need to register for VAT.
In some instances, it is advantageous to register before this threshold. Our partnership Accountants will ensure that you are compliant and complete and file VAT returns on your behalf and let you know the best type of VAT scheme to be on.
We will provide our expert advice on how and when to register, what products and services are subject to VAT and answer any other queries you may have regarding your VAT registration.
We are partnered with award-winning Accounting software
Jacksons Accountants will offer the ideal balance for your business at a fair price, whether you need a comprehensive accounting software package or just simple spreadsheets to keep track of your transactions.
Each company or person we work with has their needs evaluated, and a custom package is made to suit their needs.
You can instantly update information using cloud-based solutions, improving your comprehension of your company’s financials.
We can use the software you already have or switch you over to new systems.
Switching to us is hassle free
See the reasons why so many people are joining us.
