Individuals in business partnerships
Under the current HM Revenue & Customs (HMRC) self-assessment regime the compliance burden on individual partners and the complex rules surrounding partnerships is ever increasing. We aim to offer an efficient and comprehensive service to try to reduce these duties and to explain the tax position in a clear, coherent manner.
Maintaining the balance of the partnership and the individual partners is an integral element of the financial management of professional services. We have the knowledge and expertise to provide a tailored service which optimises the interests of both the firm and the partners.
Who would find this service useful?
Professional practices, partnerships and individuals in business partnerships.
What we can offer our clients
We can assist by:
- dealing with the day to day compliance matters such as the completion of your personal tax return, advising tax payments and liaising with HMRC
- holding regular ‘clinics’ for partners to obtain tax compliance information as well identifying tax and other financial planning opportunities
- providing Wealth Management advice using the expertise of our investment and pension colleagues to develop a personal financial strategy tailored to each partner’s specific needs and aspirations
- liaising with the partnership to ensure accurate tax reserves are maintained for each partner
How we can assist
- Financial planning for partners including mortgage, life assurance and pension advice
- Investment planning for partners
- VAT advice and compliance
- Audit of the partnership
- International structuring and advice for partnerships and partners with overseas interests
FAQs
For more information about who is assessable on the partnership profits and how the partnerhip profits are reportable to the HMRC, visit our on the right hand side of this page.
Contact us
For further details please contact:
email: Simon Mabey
tel: 020 7131 4258
email: Pamela Sayers
tel: 020 7131 4317
email: Nick Osler
tel: 020 7131 4257
email: Sharon Templeman
tel: 020 7131 4141
