LIMITED LIABILITY PARTNERSHIP

OUR SERVICES FORA LIMITED LIABILITY PARTNERSHIP…

Having a limited liability partnership is a lot like a company, except for a few subtle differences in terminology. However, partnerships are becoming more and more popular, mainly due to the added protection given to partners due to the limited liability status that a partnership provides.

Just like a company, your partnership must be registered with Companies House and you must file accounts annually. Your accounts will be quite similar to a company’s accounts, but your taxes will be different.
Unlike the profits of a company, which are subject to corporation tax, the profits of a limited liability partnership (LLP) are taxable on the members of the partnership who will pay income tax on their share of the profits.

Your Accountants:

Nick Robinson

Nick Robinson

Director

nick@yorkshireaccountancy.co.uk

01482 845750

WE CAN BOOST YOUR BUSINESS TO GROWTH

We are a straight talking, efficient and effective accountancy firm…

Request Callback:

IF YOU ARE PART OF AN LLP, WE CAN HELP YOU BY…

Completing all your VAT, tax and year-end returns Calculating quarterly PAYE and annual PAYE returns if you have employees Advising on how to keep your records Preparing the annual accounts Calculating your income tax Preparing your self-assessment tax return for the partners and the partnership Reminding you of the payment dates

We can guide you through your partnership in the early days, helping you get set up so everything is smooth sailing.

Here at Yorkshire Accountancy, we provide a range of services that are invaluable to your partnership, including the preparation of first year LLP accounts, revenue and profit recognition and preparation of your annual report and financial statements.

We will submit a self-assessment tax return for each partner and the partnership, helping to keep things simple and straightforward at your end. Each partner will pay income tax on their share of the profits, and we can offer you expert advice and guidance.

We also deal with all HMRC correspondence and advise you on what action to take. The tax due on the business profits is due to be paid by instalments, and wehelp you keep on top of deadlines so there won’t be any nasty fines coming your way. If you have employees, we will work with you to calculate quarterly PAYE and annual PAYE returns so your bookkeeping becomes a whole lot simpler. We always strive to maximise your company’s potential with our fantastic financial advice and planning assistance. With us, your VAT registration, quarterly VAT returns and all of your partnership’s self-assessment tax returns are all taken care of, making everything simple and easy to manage.

Some Of Our Many Services.

ANNUAL ACCOUNTS

Your annual accounts submissions is essentially a summary of your business income and outgoings.

BOOKKEEPING SERVICES

Yorkshire Accountancy offer you more than just bookkeeping services.

PAYROLL

We do the hard work for you, leaving you to concentrate on more important aspects of your business.

MANAGEMENT ACCOUNTS

If managing your companies accounts is becoming too much, then Yorkshire Accountancy is the firm you need.

COMPANY FORMATION

At Yorkshire Accountancy, we love helping people realise their goals and ambitions with their own start-ups.

VAT RETURNS

Our team is ready and waiting to pick up any aspect of your VAT duties.

CORPORATION TAX

Corporation tax returns and advice – Business tax advice to clear your head.

SELF ASSESSMENT

At Yorkshire Accountancy, our bright young professionals are experts in personal tax.

eNTER YOUR EMAIL ADDRESS

fOR a free download

You will also be joining our mailing list!

You have Successfully Subscribed!