Limited Liability Partnership Accounting Services

from as little as £50 per month.

Included in the Limited Liability Partnership Accounting Package

What is a Limited Liability Partnership?

LLP AccountingA Limited Liability Partnership (LLP) is an alternative legal structure that was introduced in 2001 by the LLP Act 2000. It is an ideal set-up for the types of professions that normally operate as a traditional partnership, such as solicitors, accountancy firms and dental practices.

An LLP shares the same characteristics as a normal partnership structure in terms of tax liability, internal management and the distribution of profits, but it provides reduced financial liability, or ‘limited liability’, to each partner.  Traditional partnerships place the full burden of business debts upon the partners. LLPs place reduced financial liability upon the partners, which is a more desirable option for many people. It is similar to the financial protection offered to limited company owners.

Why use Accounting Wise for your Limited Liability Partnership Accounting?

At Accounting Wise we take care of all your limited liability partnership accounting and taxation requirements for a competitive monthly fee. We can offer many limited liability partnership accounting services including help with registering the business with Companies House and offer ongoing support and assistance going forward. We also regularly review your business to see whether it is operating in the most tax efficient way.

We make Accounting Simple

Running a company can be time consuming enough without dealing with accounting and tax headaches which is why we take care of everything from the Confirmation Statement to you Self Assessment Tax Return for our LLP clients. We have designed our service to include everything you would expect from an accountant and much more which saves you from getting bogged down by paperwork and deadlines.

Representation in event of a Tax Inspections

Although tax inspections are rare, it is possible that you could be investigated at random. In the event of a HMRC investigation we would represent you at no extra cost. This would be included in your monthly fee. We would fight your corner and ensure that HMRC receive only the money they are due and not a penny more.

Bookkeeping

We can complete the bookkeeping for our clients or alternatively they can complete the bookkeeping themselves to keep costs to a minimum. We have built out a simple limited liability partnership accounting package using the best accounting software’s on the market, which help LLP’s to keep their records properly and in a way that we can use their information to complete accounts.

Benefits of Being a Limited Liability Partnership

An LLP is a great alternate structure for any business that currently operates as a traditional partnership with a small and consistent number of members who each make comparable contributions and draw similar profits.

An LLP is also particularly beneficial if the activities of the partnership involve high-risk services, or there is a likelihood that claims for damages could be brought against the business. Furthermore, the flexibility offered from a partnership structure is often the determining factor for certain professions.

Talk to Accounting Wise today to find out which option is best suited to you and your business and to find our more about our limited liability partnership accounting package.

Reviews from google.com

    review rating 5  They always looks after myself & my wife when it comes to tax time of the year. Highly recommend!

    thumb Stuart Mackay
    3/16/2018

    review rating 5  I have been using Accounting Wise for the past 3 years and have nothing but positive feedback. Ian is contactable at all hours and responds in a very fast manor. He takes time out to answer any queries and is very approachable and professional. Highly recommend!

    thumb Sinead Brophy
    6/22/2018

    review rating 5  I have been using Accounting Wise for the last few years now they have helped me stay on top of my accounts, I now have a simple process which saves me hours of personal time all thanks to there expertise and friendly effortless service. Highly recommend

    thumb lee thompson
    3/11/2018

    review rating 5  We have been using Accounting Wise since May 2016 and cannot fault attention to detail. Vending Sense Group Limited would recommend his services to anyone looking for a professional Accountant.

    thumb Sam Marra
    4/16/2018

Our Accreditation’s

You can feel safe in the knowledge that we are experts in our field.

Our accountants have a range of qualifications from the Association of Accounting Technicians (AAT), Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in England and Wales (ICAEW). We are also an Institute of Certified Practising Accountants (ICPA) accredited firm, and a HMRC registered Agent.