Partnerships & LLPs
In a partnership, various rules and regulations apply, which is why it is important to obtain professional advice and support that you can rely on and trust.
Mitchell & Co has an experienced team of accountants that can help the business and the partners. The partnership will need to keep records of the business’ income and expenses and complete a self-assessment tax return every year. Partners are assessed on their profits (or losses) according to the partnership agreement. All partners will need to pay income tax and national insurance contributions on their profits. The partnership may also need to register for VAT depending on the level of income.
We can guide and support you through all your obligations as a partnership leaving you free to manage and develop your business.
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Speak to one of our experienced team
To speak to a member of our team, please call us on 01925 222 003 or enter your details below and a member of the team will call you back.