Partnership- £45 per month

If two or more people come together and decided to trade. They can trade under a partnership basis.
A partnership is an extension of being a sole trader. The partners will agree to share the joint profits, and all the costs, in pre-determined percentages. It is advisable to draw up a Partnership Agreement which sets the rules of how the partners will work together. Partners are taxed in the same way as sole traders, but only on their own share of the partnership profits. As with sole traders, the partners are legally liable to pay the debts of the business. Each partner is ‘jointly and severally’ liable for the partnership debts, so that if certain partners are unable to pay their share of the partnership debts then those debts can fall on the other partners.

It covers the following services
 Registration of your business with HMRC
 VAT registration, including registration on the Flat Rate VAT scheme
 Opening a business bank account
 PAYE registration
 Advice on how much income you can draw from the business
 Quarterly VAT Returns
 Prepare Annual Accounts
 Prepare your Personal Tax Returns/ Partnership Tax Return
 Regular News Updates emailed direct to you
 Telephone Helpline
 NO spreadsheets to complete!
 Monthly/Quarterly calculation of PAYE/NIC payments
 Annual PAYE Returns (P35, P14 & P60’s)
 Annual P11d preparation
 Book Keeping