Partnership Accounting Services

It does not matter if you are an electrician, gas engineer, plumber, builder, law firm, florist, financial institution, catering company, events company, retail or wholesale business, restaurant or manufacturing company we have the partnership accountant and partnership accounting package for you from as little as £20 per month.

We take care of all your Partnership accounting and taxation requirements.

We can also help you set up your Partnership and ensure that you are operating in the most tax efficient way from the outset.

Partnership Accounting

Why use Accounting Wise for your Partnership Accounting?

Online Accountant

Your Own Dedicated Partnership Accountant

When you join us, you will receive your very own dedicated partnership accountant. Our fully qualified and friendly team will be on hand to help you throughout the year for all your financial queries.

Leading Accounting Software

Leading Accounting Software

You are provided with leading accounting software which will help reduce the time it takes to – provide quotes and invoices to customers, chase payments, and monitor outstanding balances.

Tailored Service

Tailored Services

Tax & Accounting packages tailored to suit your business. We are always straightforward in our services & pricing. We take care of your accounting and let you get on with making your business a success.

Unlimited Expert Advice

Unlimited Expert Advice

Your dedicated partnership accountant will always be on hand to answer any questions about your partnership. You can contact them via email, phone, live chat, Microsoft Teams or meet them in person.

Deadline Reminders

Regular Deadline Reminders

We send regular automated reminders to inform you of when your accounts and returns are due to be submitted, helping to ensure you never miss a deadline for your small business again.

We currently help over 500 individuals and businesses in the UK

Included in the Partnership Accounting Package

What is a Partnership?

A Partnership is a business owned and run by two or more people, with the partners sharing the profits according to the percentage they own. All partners are responsible for the debts and contracts of the business, and are personally liable if the business does get into financial difficulties.

Partnerships can be a great way to operate if you are looking for a simple way of going into business with one or more people.

The structure can also be beneficial if there are many partners, as adding and removing partners and their share of ownership of the businesses is very straight forward to do. This is one reason business owners prefer to trade as a Partnership over a Limited Company.

Partnership Accounting

A Partnership is a business owned and run by two or more people, with the partners sharing the profits according to the percentage they own. All partners are responsible for the debts and contracts of the business, and are personally liable if the business does get into financial difficulties.

Partnerships can be a great way to operate if you are looking for a simple way of going into business with one or more people.

The structure can also be beneficial if there are many partners, as adding and removing partners and their share of ownership of the businesses is very straight forward to do. This is one reason business owners prefer to trade as a Partnership over a Limited Company.

Pro‘s & Con’s of a Partnership

Business Partnership Advantages:

  • Business partnerships are relatively easy to establish; make sure time is taken to draft a partnership agreement to avoid future problems.
  • With more than one owner, it may be easier to borrow money and raise capital to invest in the business.
  • The business can benefit by using the knowledge base and experience of all of the partners.

Business Partnership Disadvantages:

  • Business partners are liable for the actions of the other partners.
  • Business partners, like sole traders are liable for the actions of the business.
  • Since decisions are shared, disagreements can occur and therefore the decision making process can take longer.

Partnership Accounting Services

However, our partnership accounting services and partnership accountants will help you all the way.

Partnership Accounting

Our Accreditations

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

Our online 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.

ACCA
ICPA
AAT