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Accounts Geek

Partnership business

Let us help you meet your tax deadlines.

A partnership includes at least two or more individuals (partners). Whether you’re looking to set up a partnership or need help preparing your partnership accounts, we can help.

You can find some of the partnership services we provide below or alternatively speak to one of our helpful advisors on 0113 240 3444 to learn how we can help you.   

We can also:

1. we Get you set up

Firstly, we help you create your own bespoke package based on the services you and your business require. We then introduce you to your dedicated account manager who will guide you through our onboarding process. 

2. We start working

You capture your transactions via our online solutions or provide us with hardcopies (receipts & invoices) – leave the calculating with us. We get working on your bookkeeping, VAT, payroll (based on the services you require).

3. We provide year-round tax support

With a dedicated support line our experts are on hand for all your accounting queries. Although we check-in with you throughout the year, you can view updates and your documents by logging into your client portal account.

4. We file your tax returns

At the end of each tax period, we complete and file your tax returns to HMRC. We always ask for your approval before submitting any tax return. 

Frequently Asked Questions

You can initially register voluntarily, however it’s not essential until your annual turnover exceeds £85,000, in which case you then have 30 days within the end of the month you exceeded that amount, to then register.

Our pricing is bespoke and tailored to the needs of your partnership business. This means you only pay for the services you require. During the initial onboarding stage we ask you a series of simple questions to better understand the needs of your business. This is then reflected on your quote. 

A partnership business is similar to a sole trader business, however in a partnership there are more than one partners, that share reposisbilty for the business. This includes:

  • any losses your business makes
  • bills for things you buy for your business, like stock or equipment

A partner does not have to be an actual person. For example, a limited company counts as a ‘legal person’ and can also be a partner.

Yes, you can pay our fees in monthly instalments. 

The tax year runs every year from 6th April to the 5th of April. For example the 2020/2021 tax year starts from the 6th of April 2020 and ends on the 5th of April 2021.

The deadline to file your self assessment tax return is the 31st of January every year.  For example, the deadline for the year 2020/2021 is 31st of January 2022.

Our simple onboarding steps mean that we handle your previous accountant for you. During the clearance process we collect the relevant details and information we need from your previous accountant. 

We partner with the best