Partnerships are an
important business medium used by many individuals
in preference to operating through a limited
company. There are still many advantages compared
to operating through a limited company, but
the introduction of
Self Assessment has brought with it various
changes to the way the profits of partnerships
are charged to tax.
If you are already
trading through a partnership or are thinking
of starting a partnership, we can provide
advice on all aspects of taxation which affect
partnerships, including the calculations required
for the Self Assessment Returns of the individual
partners.