At Layni & Co Accountants, we make your business our business and always provide the best business accounting services possible. In addition to your annual business tax refund, we offer a holistic, year-round accounting service that provides the best advice on increasing profitability, growing wealth and making the right investments.
There is no legal obligation to have an accountant in place. Because of the nature of partnerships, where several people are working together, you may decide to periodically meet and sort it out yourselves, or appoint one particular member to take control. Some online software packages also allow multiple users to have access to the accounts 24/7 so updates are easier.
However, depending on the size of the partnership, the accounts could take a lot of time and become complicated. Plus, if there happens to be a mistake and you are investigated by HMRC and fined/penalised, every member will be responsible for that mistake and fine.
To save this risk, having an accountant on hand could reduce the likelihood of mistakes and take the pressure off the partners, reducing liability. It also is a great way of ensuring you don’t pay the wrong amount of taxes and can make your business partnership as efficient as possible.
Even if you manage the bookkeeping online, having an accountant you can call on at any time or who can double check the software’s sums could be beneficial.
A partnership accountant will help you out with:
Whether you are trading as a sole trader, trust, partnership or company, we can assist you with your business tax returns. Get your company tax returns sorted with Layni & Co Accountants. Speak to our expert business tax agents today and take your business to new heights.
