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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Why Choose Us?
- Expertise in HMRC Investigations: We specialise in handling all types of tax investigations and voluntary disclosures.
- Focus on Undeclared Income: Whether rental income, online sales, or other sources, we help you navigate HMRC’s campaigns confidently.
- Local Birmingham Support: Based in Birmingham, we understand local businesses and individuals.
- Reduce Penalties & Risks: Early disclosure can significantly reduce penalties and avoid criminal charges.
- Confidential & Professional: We handle your case with discretion and professionalism.
- Free initial consultation meeting: No obligation confidential meeting to discuss your situation.
Take Action Now
Ignoring HMRC letters or delays in disclosure can increase penalties and interest. If you have undeclared income or have been contacted by HMRC, contact us today for a free confidential consultation.
Call us on 0121 350 6500
Email: accountants@trevorjonesandco.com
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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VAT
Our experienced team has many years experience across various industries in the preparation of VAT returns.
Audits
We are registered auditors with ICAEW, with many years of audit experience across various sectors.
Payroll & Auto Enrolment
Payroll is delivered via a portal to meet the latest GDPR regulations and e-payslips are offered to employees as standard. The payroll bureau is managed by a CIPP qualified member of staff who oversees all processing.
Business Start-up
Bring us your business idea and we can help to turn your idea into a reality.
Accounts Preparation
Our experienced team will relieve you of the regulatory burden so that you can focus your time on other areas of your business.
Accounts Preparation for Charities
Our experienced team will relieve you of the regulatory burden so that you can focus your time on other areas of your charity.
Partnership Tax Returns
We can assist you in the preparation of your partnership accounts and tax return to ensure you meet the necessary filing requirements.
Bookkeeping
If you are spending too much valuable business time on bookkeeping, we can help ease the burden.
Software Advice
With the correct accounting software you will save hours of work leaving you with more time for other areas of your business.
Management Accounts
If you require regular, up to date accounts information our experienced team can provide management accounts for you.
Independent Examination
We have many years of experience providing independent examination services to various types of charities across the sector. We will ensure that your charity’s financial statements comply with the necessary regulations, giving you peace of mind that your charity’s finances are in good hands.
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Tax Investigations
If you’ve received an HMRC letter or are worried about undeclared income, you’re not alone. We specialise in handling all types of tax investigations and voluntary disclosures.
