Partnerships
Working in partnership with someone can be an effective structure to ensure your business grows and succeeds. Two or more individuals who complement each other and add value to the business can be better than one business owner working alone.
You will need to consider the tax implications of running a partnership, including preparing a partnership tax return alongside your own personal tax return.
Our partnership hub includes a selection of useful guides and articles to support you and your partnership business, from starting out as a partnership and registering with HMRC to registering for VAT and filing your tax returns
We've got you covered
Changes at Companies House – what this means for you
The changes to the Economic Crime and Corporate Transparency Act (ECCTA) received Royal Assent on 26th October 2023 and the new powers have been introduced in stages since then.
Find out moreA guide to accounts and tax for new businesses
Thinking of starting a business in the UK or have you already started the process? In this guide we look at the accounting and tax essentials you need to consider when starting a new business.
Find out moreCompanies House ID verification – dealing with non-compliance
Company directors and People with Significant Control (PSCs) must now verify their identities (IDs) to continue filing company documents with Companies House. We explain what happens if companies don’...
Find out moreHow do the new capital allowances changes affect my business?
The 2025 Budget announced two key updates to capital allowances, which apply to companies, sole traders and partnerships. These are a new first year allowance and a reduction to the main writing down...
Find out moreSole trader vs business partnership – which one is right for you?
Have a great business idea but unsure whether to go it alone or set up alongside a friend or associate? We help you understand the pros and cons of going solo or in partnership for your business struc...
Find out moreHow to build personal resilience for running a business in challenging...
Read proven tips to boost your resilience and stay strong as a business owner during uncertain times.
Find out moreHow do I make sure my business is tax compliant?
Did you know that adding several simple processes could result in less time spent on admin, more confidence in your tax affairs and less risk of penalties? We go over some of these processes to help y...
Find out moreGuide to Capital Gains Tax for businesses
Find out everything your business needs to know about Capital Gains Tax, including how to calculate CGT, when to pay it, and what it means when you're selling a business.
Find out moreWhen should you switch accountants?
Picking the right accountant to meet your needs is vital for the health and growth of your business.
Find out moreHow to run a successful and effective business partnership
Discover our tips on how to run a successful business partnership, including managing finances and understanding profit sharing.
Find out moreNavigating business partnerships: Is it the right move for you?
Thinking about starting a business with a friend or business associate? Read this guide to understand what business partnerships are and why choosing the right structure is crucial.
Find out moreBasis period reform – what are transition profits?
The basis period reform affects self-employed, sole traders and partnerships that do not have an accounting year end between 31st March and 5th April. Incorporated businesses such as limited companies...
Find out moreWhen to incorporate your sole trader business
When starting a business, thinking about business structure is an important conversation. For some, the choice is to start as a sole trader or partnership then, as your business expands, look at incor...
Find out morePartnerships
Our partnership packages are designed to offer you a comprehensive and thorough accounts and taxation service.
Find out more