Partnership Tax Returns
All partnerships must prepare an annual set of accounts and a partnership tax return.
Pomegranate provide accountant services to partnerships and their partners up and down the UK. We help our clients through the entire process, from registering to advising on tax allowable expenses and preparing and submitting their tax returns.
We make completing Partnership Tax Returns simple.
If you form a partnership in business, you must register it separately with HMRC, even if the partners have previously been self-employed. If the partners are new to the business, they must also register individually.
Individual partners must then also complete a self-assessment tax return. The result of getting it wrong can result in extensive fees.
Pomegranate Consulting have a tax team with a depth of experience in dealing with partnerships. We will prepare and submit your partnership tax return, ensuring that all HMRC requirements are met.
Our team of qualified accountants can guide you through all the different expenses that you can include on the partnership tax return and could save you money. If you want some advice and guidance on the best way to complete your partnership tax return, call our team today.