Cheap Partnership Accounting Services
A partnership is the relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money, property, labour or skill, and expects to share in the profits and losses of the business.
- VAT Returns
- Account Preparation
- Bookkeeping & Reconciliation
- Tax Returns
- Annual Return Service
A partnership must file an annual information return to report the income, deductions, gains, losses, etc., from its operations, but it does not pay income tax. Instead, it “passes through” any profits or losses to its partners. Each partner includes his or her share of the partnership’s income or loss on his or her tax return.
We can help offer expert advice and cheap partnertship accounting; get in touch with us today to see what we can do to help you.