Partnerships and Limited Liability Partnerships (LLPs) must comply with specific requirements to submit accounts and tax returns to HMRC and Companies House. Our Accounts Submission and Tax Return Services simplify this process, ensuring compliance, accuracy, and peace of mind.

Who Needs to Submit Accounts and Tax Returns?

1. General Partnerships

Must file an annual Partnership Tax Return to report the business’s income and expenses.

Each partner files a Self Assessment Tax Return to declare their share of profits or losses.

This ensures accurate taxation and compliance with HMRC rules.

2. Limited Liability Partnerships (LLPs)

LLPs must file annual accounts with Companies House and a Partnership Tax Return with HMRC.

Each LLP member must also submit a Self Assessment Tax Return to declare their income.

Filing on time helps avoid penalties and maintains legal standing.

Why It’s Important

• Legal Compliance: Ensures adherence to HMRC and Companies House regulations.
• Financial Transparency: Keeps your financial records clear and organised.
• Tax Planning: Helps optimise tax liabilities and maximise deductions.

Our Services

We offer comprehensive support tailored to partnerships and LLPs, including:

• Partnership and LLP Registration: Assistance with registering your partnership or LLP with HMRC and Companies House.
• Annual Accounts Preparation: Accurate preparation of financial statements for submission.
• Partnership Tax Returns: Preparation and filing of the business’s tax return.
• Individual Partner Tax Returns: Filing partners’ or members’ tax returns to reflect their share of profits or losses.
• Submission to Companies House: Ensuring LLP accounts are submitted on time.
• Profit Allocation: Correctly allocating profits among partners or members based on agreements.
• Tax Planning Advice: Guidance on allowable expenses, profit distribution, and tax savings.
• Deadline Management: Keeping track of deadlines to avoid penalties.
• Handling Queries: Acting on your behalf to resolve HMRC or Companies House inquiries.
• Year-Round Support: Ongoing assistance to address tax and accounting concerns beyond filing deadlines.

Why Choose Us?

• Expertise: Specialised knowledge of partnership and LLP requirements.
• Accuracy: Ensures precise reporting and timely submissions.
• Tailored Advice: Customised solutions for your unique business needs.
• Compliance Focused: Helps you stay on top of HMRC and Companies House obligations.

Let Us Handle the Complexities

Submitting accounts and tax returns is critical for the smooth operation of partnerships and LLPs. Our expert team ensures compliance, avoids penalties, and provides valuable insights for better financial management.