AAB's private client tax team deliver clear advice in understandable terms so we can appreciate how effective planning can lead to benefits for the whole family. They have taken away the worry and doubt for us.
Alex Wiseman
Our experienced team can support all your partnership needs. We will:
- Advise on structuring your partnership and the pros and cons of partnership or LLP.
- Explain partners’ individual tax liabilities, including advising new partners on the opening year rules, and identifying individual tax and financial planning opportunities.
- Manage the partnership’s tax liabilities to ensure only the correct tax is paid and sufficient tax reserves are maintained for each partner.
- Advise on the disposal of partnership assets or changes to partnership profit sharing arrangements.
- Help with exit strategies for retiring partners, including Capital Gains and Inheritance Tax mitigation.
- Help with accounts preparation, audit (for LLP’s only) and partnership tax.
- Help each individual partner complete and submit their SA100 Self- Assessment Tax Return, including page SA104 which declares your share of the partnership.
- Help you prepare and submit your VAT Returns if your annual taxable turnover exceeds the VAT registration threshold.
