• Partnership Tax

    Taking a proactive approach to dealing with both
    the personal and business affairs of partnerships,
    limited liability partnerships and their partners

Partnership Tax

We deal with both the personal and business affairs of partnerships and LLPs, and appreciate the dynamics and sensitivities of advising your unique business. Our specialist team believes that understanding your business and culture is the key to providing you with an excellent service.

We work with a large variety of partnerships – from international professional practices to private equity groups, surveyors, medical practices, family partnerships and investment partnerships – but in each case we pride ourselves on tailoring our service to your business needs and understanding the culture of your firm.

For professional service firms, the need for specialist advice in a continually evolving tax and regulatory climate has never been greater. Changes in the structuring of firms, consolidation through merger and acquisition, and tax changes affecting the treatment of limited liability partnership (LLP) members, the use of service companies and corporate partners, international expansion, and other matters, all mean that an up-to-date and proactive approach is essential to the running of an efficient, competitive and successful practice.

We provide a full range of advisory and compliance tax services for partnerships and their partners, including:

Advisory services

  • Dealing with partnership changes
  • Mergers and acquisitions
  • International partnerships
  • Incorporation of LLPs
  • Profit withdrawal
  • Conversion of company to LLP
  • Conversion of LLP to company
  • Use of corporate partners
  • Use of service companies
  • Strategy
  • Partner appointments and retirements

Compliance services

  • Partnership/LLP computations and partnership tax returns
  • Partners’ personal tax returns
  • Tax reserves and cash flow management

More services for professional services firms