Accountants For Limited Liability Partnerships
A Limited Liability Partnership (LLP) combines the flexibility of a traditional partnership with the security of limited liability. However, the tax obligations of an LLP are quite complex and demand rigorous compliance, precise reporting, and comprehensive tax planning. This is where our specialist Limited Liability Partnership accountants step in to provide exceptional tax support for LLPs. With their extensive experience in successfully handling the accounts of thousands of LLPs across the UK, our LLP accountants thoroughly understand the partnership tax rules and company reporting requirements that LLPs need. Whether you are a solicitor, architect, accountancy practice or a medical partnership, our accountants for LLPs will ensure you stay HMRC compliant. We expertly handle the accounting for Limited Liability Partnerships.
Our accounting for limited liability partnerships includes:
- Bookkeeping
- Partnership Accounts
- VAT Returns
- Confirmation Statement
- Workplace Pensions
- Management Accounts
- Budgeting & Forecasting
- Partnership Tax Return (SA800)
Dedicated Accounting Services For Limited Liability Partnerships
Our reliable Limited Liability Partnership (LLP) accounting services provide essential tax support that involves precise statutory accounts, accurate tax filings, clear profit allocations, and reliable support for partners’ individual tax returns. From accurate bookkeeping and VAT returns to seamless payroll processing, our accountants for Limited Liability Partnerships can skillfully handle these and much more.
We expertly handle the accounting for Limited Liability Partnerships. This includes timely submission of annual accounts to Companies House, completion of partnership tax returns, and the preparation of individual partners’ tax returns. When you choose us to fulfil your Limited Liability Partnership accounting needs, you can rest assured that your tax submissions will be filed accurately and on time with HMRC and Companies House.
Why Choose Our Accountants For Limited Liability Partnerships?
Running an LLP comes with complex and unique accounting responsibilities, but having expert chartered accountants like Accotax on your side makes it easy. Accotax don’t offer regular services, but we offer next-level service, whether it’s day-to-day bookkeeping, VAT returns, or supporting each partner with personal tax obligations, we work proactively to reduce risk, save you time, and maximise your tax efficiency.
FAQs – Accountants for Limited Liability Partnerships (LLPs)
What is a Limited Liability Partnership?
A Limited Liability Partnership (LLP) is a hybrid business structure that offers the flexibility of a traditional partnership with the limited liability of a company. It protects individual partners from personal liability for business debts while allowing them to share management and profits. LLPs are registered with Companies House and must comply with annual filing and tax requirements.
Do LLPs need to file annual accounts?
Yes, LLPs must prepare and file statutory annual accounts with Companies House, even if the business is not trading.
Does an LLP need to file a tax return?
Yes, an LLP must submit a Partnership Tax Return (SA800) to HMRC every year, showing profit or loss allocation among members.
Do individual partners in an LLP need to file tax returns?
Yes. Each member (partner) is responsible for filing their Self Assessment Tax Return (SA100) to report their share of the LLP’s profits.
Can Accotax help with bookkeeping and VAT for LLPs?
Absolutely. We provide full bookkeeping services, VAT registration, and quarterly VAT returns for LLPs that are VAT registered.
Is payroll required for LLPs?
If your LLP pays employees or partners a salary under PAYE, then yes — payroll setup and processing are required, and we can manage that for you.
Can I convert my business to an LLP?
Yes, we can help you assess whether switching to an LLP structure is right for you and manage the setup and registration process.
Why Businesses Trust ACCOTAX
There are several reasons why you should work with us. Some of them are listed below to make faster & wiser decision.
Tech Driven
We believe in automation,and will help you to automate things.
We are Chartered
Regulated by ICAEW, ACCA & AAT top three accountancy bodies
Experienced Team
Our team has over 100 years of combined experience in total.
Fixed Fee
We agree a fixed fee in advance so no more surprised bills.
Unlimited Support
Free telephone & email support throughout the year.
On-Time Filing
Your Accounts will be filed on time, every time, Guaranteed.
Dedicated Accountant
Meet, Call, E-mail or Skype your dedicated accounts manager.
Tax Insurance
Free Tax Investigation Insurance with Growth Packages.