In the main, partnerships comprise of individuals with particular skills who compliment each other to deliver a service or product.
This combination of skills enables partnership’s based businesses to thrive and grow.
Partnership accounts are prepared in a simple manner that allows all partners to understand the performance and profitability of the business.
The accounts ensure clarity and transparency of all income, costs and the important bottom line.
We aim to provide draft accounts (year-end 31st Dec.) to our clients by 30th June each year or earlier if records are provided in advance.
Review meetings are beneficial as figures can be reviewed & understood and where queries can be raised and resolved.
Following the review meeting and incorporating any necessary agreed adjustments, we complete and issue:
- Partnership Accounts
- Partnership Tax Return (Form 1) & Income Tax Return for Individual partners
These documents are completed and delivered well in advance of any Revenue deadlines.
Some partnership clients benefit hugely from monthly management accounts as it reinforces partners who are not office based with the knowledge that all is well and that finances are being managed appropriately.
“You are in safe hands”.
- Review meetings with all partners ensuring transparency.
- Providing detailed Year End Management Accounts as standard.
- Planning for the future.