Phil Owen & Co are renowned Liverpool accountants and when it comes to helping out with tax returns for partnerships – our Liverpool accountancy services are second to none.
Accountants Prepare Tax Returns for Partnerships
When you run your business as a partnership there a certain things you need to do. You need to complete individual self-assessment tax returns – filling in a paper one means you will have to fill in supplementary pages. The nominated partner needs to also complete a partnership tax return – showing each ones share of the profits or losses, maybe including supplementary pages too. They are also responsible for sending in the tax return although both will be jointly liable for any penalties.
Our accountancy services Liverpool cover all of the necessary areas so there is no need to feel baffled or bamboozled by all of the technical jargon.
Tax returns for partners and partnerships can be really daunting to many because you know you need to get it right but there is the fear that if it doesn’t you will be penalised – even if you didn’t realise you’d done it wrong. Phil Owen & Co Liverpool accountancy services are there to make sure that you go down the right line and don’t make the mistakes that could cause penalties.
Registering a new partnership can also be a very fearful process. This must also be done by the nominated partner, this is where Phil Owen & Co Liverpool accountants expertise can really help you as we do the hard work so you can focus on the business side of everything.
There are many other issues that Phil Owen & Co accountancy services Liverpool can deal with for partners and partnerships explaining as we go so you are always in the loop. We can help you to understand by explaining things in layman’s terms. Our Liverpool accountants can help you with income tax related issues, payroll tasks and record keeping.
Our Liverpool accountancy services help you deal with your tax returns for partners and partnerships in the easiest and best way possible for you – including dealing with the HMRC.