A partnership can be similar to a sole trader but as the name suggests there are two or more partners in the business. Each is equally responsible, unless a partnership agreement is in place, a partnership return is required from HMRC, but profits are split and reported by the partners on their own returns.
End of Year Accounts
Self Assessment Tax Return (for two partners)
Bi Annual/Quarterly Review
Online Client Portal
Prices start from £45 per month on the OMB Standard Plan – or £57.50 for larger partnerships on our OMB Premium Plan