SG&Y PARTNERSHIP ACCOUNTS SERVICES
This form of business association arises when (at least two) people carry on profit-oriented activities
together. Partners are jointly liable because they share the property. Under the Limited Partnerships Act
1907, it is possible to have “sleeping partners” in limited partnerships, who will not be liable beyond
their investments. A partnership does not normally pay income tax but the information from the tax
return is combined with the personal income of the partners to determine the overall tax liability.
SG&Y accountants will deal with the provision of partnership accounts and the preparation of a
partnership income tax return. It is crucial for its well being that the partnership understands it’s own
financial performance to make decisions regarding the future direction of the business.
We also ensure proper production of LLP accounts and partnership Return in line with the agreed
timetables and deadline and organise the filling with Companies House and HMRC.
020 8933 0019 Accountants Bookkeeping Company Formation PAYE Payroll Personal Tax Returns Vat Accounting Accountancy Bookkeeper Accountant Partnership Accounts