We will register partners with HMRC as Self Employed and get their UTR Number for each of them.
We will also register Partnership firms as a Self-Employed entity and will get UTR Number for the “Partnership Firms”
We guide them in opening a bank account, selecting accounts software and even help them to build a website.
If their turnover is more than £85000, then we will get them registered for VAT.
We also offer Book-keeping service to them and prepare annual accounts for them.
At year-end, we calculate profitand divide the profitbetween Partners as per their profit-sharing ratio , considering their Drawings and Salaryaccording to the Partnership agreement.
We finalize and summaries accounts to be submitted to HMRC through self-Assessment Tax Return.
We will submit a self-assessment Tax Return for Partners and Partnership Firm.