If you are a member of a business partnership you will need to file a UK tax return as you are taxed on your share of the business profits.
Business records relating to your income and expenses need to be kept so that annual trading accounts can be prepared.
These accounts will then be used to complete your partnership tax return and to calculate your tax liability.
It is the responsibility of all the partners to make sure the partnership keeps accurate records so that any questions HM Revenue & Customs (HMRC) may have about your return can be answered in a timely manner along with supporting documentation to substantiate your declared tax position.
Invest your time in your partnership and let us handle your tax affairs for you.
Contact us today for a free, no obligation, competitive quote.
There are no hidden costs, what we quote is what you pay, you will be given a FIXED FEE for a professional service tailored to your personal requirements.