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Partnership

A partnership is a business owned and run by 2 or more people with the partners sharing the profits according to the percentage owned.

All partners are responsible for the debts and contracts of the business and are personally liable if the business gets into financial difficulty.

Partnerships can be a great way to operate if you are looking for a simple way of getting into business with 1 or more other people. The structure can be beneficial and you don’t have to submit your accounts to Companies House so your profit stays private

Bowes Brooks can help with all the accounting and tax requirements of partnerships plus we can help you to set up your partnership to ensure you are operating in the most tax-efficient way from the outset.

What's included:

  • Full set of year-end accounts

  • Completion and submission of partnership tax return

  • Regular monitoring to ensure tax efficiency

  • Representation in the event of an HMRC investigation

From £19.50 per month

The Bowes Brooks Difference

Simple, Honest Advice — With No Surprises

We work on fixed monthly fees, with unlimited calls and meetings included — so you can ask questions anytime, without worrying about the cost.

Your first meeting and initial advice are always free.

We speak plain English, not accountancy jargon. You shouldn’t need a finance degree to understand your own numbers — and we’ll explain everything clearly so you feel confident, not confused.

We’ve seen it time and again: when clients understand their accounts and taxes, they make better decisions. That’s why we focus on accessible advice, regular check-ins, and smart tax planning throughout the year.


We're not the cheapest Accountant around and we don't want to be!  We provide a reliable, quality service at a fair price

Contact

The Design Studio, Woodmead Road, Axminster, EX13 5PQ

01297 692200

Opening hours

Monday- Thursday : 8AM - 5PM

Helping you achieve financial success with expert guidance and personalized strategies.

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