We can assist you in the preparation of your partnership accounts and tax return to ensure you meet the necessary filing requirements.
At Trevor Jones & Co, we specialise in providing comprehensive Partnership Tax Return services for businesses across the UK. Partnerships, unlike limited companies, require a unique approach to tax filing, as the business itself isn’t taxed—each partner is responsible for declaring their share of the profits. However, the partnership must submit an SA800 Partnership Tax Return to HMRC annually, outlining income, expenses, and profit allocation.
With constantly evolving tax regulations, ensuring compliance can be complex and time-consuming. Our expert team of accountants take the burden off your shoulders by preparing and filing accurate returns, ensuring that all allowable deductions and reliefs are applied, effectively minimising tax liabilities.
Beyond tax filing, we provide strategic guidance on profit-sharing structures, capital allowances, VAT considerations, and tax-efficient business planning. Whether you're an established partnership or a newly formed business, we tailor our advice to maximize financial efficiency while ensuring full HMRC compliance.
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Personal Tax
We offer the following services:
● Advice on the tax implications of your actions to enable you to plan ahead and conduct your affairs in the most tax-efficent way
● Review of your information to ensure you have correctly claimed all of the expenses that you are able to
● Preparation of your self-assessment tax return compliant with HMRC requirements
● Assistance with HMRC investigations and enquiries
● Fee protection service to cover professional costs in the event of an investigation
Corporation Tax
Our experienced team will work closely with you to ensure you pay the minimum amount of tax required by law. We offer the following services:
● Advice on the tax implications of your actions to enable you to plan ahead and conduct your affairs in the most tax-efficient way
● Review of your information to ensure you have correctly claimed all of the expenses that you are able to
● Preparation of CT600 corporation tax return compliant with HMRC requirements
● Fee protection service to cover professional costs in the event of an investigation
Capital Gains Tax
Our tax advisers can assist you with potential sales of property or other capital assets.
● If you sell a property that isn't your main home, you normally have to pay Capital Gains Tax (CGT) on any gain you make
● You now have 60 days from the sale to calculate, report, and pay the CGT to HMRC
● If you miss the deadline you may need to pay penalties and interest
Personal Tax Planning
Our experienced tax advisers can provide personal tax planning to help minimise Income Tax and Capital Gains Tax.
We can help a broad range of clients including:
● Sole traders
● Partnerships
● Directors
● High-net-worth individuals
● Individuals domiciled outside of the UK
Tax
Our experts will help guide you through the world of tax, keeping you up-to-date with all the latest changes and regulations.
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