Partnership
The working relationship in a partnership is based on trust. What is important for the partnership is important for each partner. You are "jointly and severally" responsible as the legal profession would say, meaning the any one of you can end up carrying the can for the whole partnership. We are fully equipped to handle the accounts and tax affairs of the partnership and those of each partner whilst fully respecting the personal boundaries between them.
Accountancy services for partnerships
If you have a partnership, you will be aware that it has annual accounting and tax responsibilities which it and its key personnel must meet. Trained staff at Discountants have the necessary expertise to handle your partnerships reporting and tax affairs.
Lets look at the service Discountants offers...
For the partnership...
- year end accounts
- VAT
- PAYE
- nominal and other ledger work
- routine book keeping at your premises or ours
- cash flow analysis and forecasting
- stock
- capital items
- work-in-progress
- financial planning, business plans, project accounting and growth modelling
- software consultancy, implementation and bespoke systems.
- web design and search engine optimisation
For key personnel...
- partners remuneration
- cars and other benefits
- personal assets separate from the partnership
- mortgages and pensions (through our affiliated Independent Financial Advisor)
- property and other investment portfolios
