Accountants for Partnerships and LLPs.
Partnership tax returns, each partner's share and LLP accounts, handled in one place.
Running a business with other people should be about the work, not untangling who owes what tax. WPC Accountants looks after the whole picture for partnerships, from the partnership tax return to each partner's personal return, so everyone knows where they stand. Whether you are an ordinary partnership, a limited liability partnership or a joint venture, we keep it accurate, fair and on time.
Built for businesses run by more than one person
Ordinary business partnerships
Two or more people running a business together and sharing the profits.
Limited liability partnerships (LLPs)
Members with limited liability who file accounts at Companies House.
Limited partnerships (LPs)
Structures with both general and limited partners, registered at Companies House.
Family and husband-and-wife partnerships
Family businesses sharing income and responsibilities between partners.
Professional practices
Solicitors, doctors, consultants and other professionals practising together.
Joint ventures
Two or more businesses teaming up on a project or shared venture.
The three types of partnership, made simple
Choosing the right structure matters for tax and liability. Here is the plain-English version.
| Type | How it works | Tax and filing |
|---|---|---|
| Ordinary partnership | Two or more people share the running of a business and are personally responsible for its debts. | The partnership files a return, and each partner pays tax on their share through Self Assessment. |
| Limited partnership (LP) | Has general partners who run it and limited partners whose liability is capped at what they put in. Registered at Companies House. | Taxed like a partnership; partners pay tax on their share through Self Assessment. |
| Limited liability partnership (LLP) | Members get limited liability, like a company, but flexibility like a partnership. Registered at Companies House. | Files accounts and a confirmation statement at Companies House, but members are taxed on their share through Self Assessment. |
Everything your partnership needs
Register the partnership
We register the partnership and each partner with HMRC and sort your UTRs.
Partnership tax return (SA800)
We prepare and file the partnership return that reports the profit and how it is split.
Each partner's Self Assessment
We complete each partner's personal return, so their share is taxed correctly.
LLP accounts and filings
For LLPs, we prepare and file your accounts and confirmation statement with Companies House.
Bookkeeping
Tidy shared records, so the profit split is clear and disputes are avoided.
VAT
Registration and MTD-compliant returns if your turnover passes the threshold.
How is a partnership taxed?
A partnership does not pay tax itself. Instead, the profit is shared between the partners according to your agreement, and each partner pays Income Tax and Class 4 National Insurance on their own share through Self Assessment. The partnership files one SA800 return to report the total profit and the split, then the figures flow onto each partner's personal return. We handle both sides so they always match.
Get your profit split in writing
Worth doing early: a clear partnership agreement setting out how profits, losses and responsibilities are shared prevents most disputes later. Without one, the law assumes profits are split equally, which is not always what partners intend. We are not solicitors, but we work from your agreed split and can flag where you may want legal advice, including from our colleagues at WPC Lawyers.
Joint ventures
A joint venture is where two or more businesses team up on a project or venture. It can be run as a partnership, through a contract, or through a separate joint venture company. Each route is taxed differently. We help you choose a sensible structure, keep the shared finances clean and make sure each side reports its position correctly. If a joint venture company is the right fit, we can set it up and handle its corporation tax and accounts too.
Your partnership's key deadlines
| Duty | Deadline |
|---|---|
| Partnership tax return (SA800), paper | Midnight on 31 October |
| Partnership tax return (SA800), online | Midnight on 31 January |
| Each partner's Self Assessment | Same dates: 31 October (paper) or 31 January (online) |
| Pay the tax on your share | 31 January (with payments on account where they apply) |
| LLP accounts to Companies House | Usually 9 months after the LLP's year-end |
| LLP confirmation statement | At least once every 12 months |
Why partnerships choose WPC Accountants
- We handle the partnership return and every partner's return, kept consistent
- Clear reporting of each partner's share, so everyone knows where they stand
- Approachable, qualified accountants who explain things in plain English
- Part of the WPC Group, with legal and immigration colleagues on hand when needed
- Fixed fees agreed upfront, with no surprises
Thinking of switching accountants?
Moving your partnership to us is simple and free. You give us the go-ahead, we contact your old accountant, register as your agent with HMRC and Companies House, and take it from there. You can switch at any time of year.
Book a free consultationSimple, fixed pricing
We offer clear fixed fees for partnerships and LLPs, covering the partnership return and the partners' personal returns. Book a free consultation for a quote based on your size and setup.
Book a free consultationNo obligation · Fixed fees · No hourly surprises
Frequently asked questions
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Get in touch
Ready to make your partnership's tax simple? Contact our team and we will get back to you quickly.
Contact Details
Address
3rd Floor, 112-116 Whitechapel Road, London, E1 1JE
Phone
+44 7380 992174Office hours
Monday – Friday, 10:00 am – 6:30 pm