Limited liability partnership

Request Callback

Limited Liability Partnership

Having a limited liability partnership is a lot like a company, except for a few subtle differences in terminology. However, partnerships are becoming more and more popular, mainly due to the added protection given to partners due to the limited liability status that a partnership provides.

Just like a company, your partnership must be registered with Companies House and you must file accounts annually. Your accounts will be quite similar to a company’s accounts, but your taxes will be different.

Unlike the profits of a company, which are subject to corporation tax, the profits of a limited liability partnership (LLP) are taxable on the members of the partnership who will pay income tax on their share of the profits.

If you are part of an LLP, we can help you by:

  • Completing all your VAT, tax and year-end returns
  • Calculating quarterly PAYE and annual PAYE returns if you have employees
  • Advising on how to keep your records
  • Preparing the annual accounts
  • Calculating your income tax
  • Preparing your self-assessment tax return for the partners and the partnership
  • Reminding you of the payment dates

We can guide you through your partnership in the early days, helping you get set up so everything is smooth sailing.

Here at Yorkshire Accountancy, we provide a range of services that are invaluable to your partnership, including the preparation of first year LLP accounts, revenue and profit recognition and preparation of your annual report and financial statements.

We will submit a self-assessment tax return for each partner and the partnership, helping to keep things simple and straightforward at your end. Each partner will pay income tax on their share of the profits, and we can offer you expert advice and guidance.

We also deal with all HMRC correspondence and advise you on what action to take. The tax due on the business profits is due to be paid by instalments, and we help you keep on top of deadlines so there won’t be any nasty fines coming your way.

If you have employees, we will work with you to calculate quarterly PAYE and annual PAYE returns so your bookkeeping becomes a whole lot simpler. We always strive to maximise your company’s potential with our fantastic financial advice and planning assistance. With us, your VAT registration, quarterly VAT returns and all of your partnership’s self-assessment tax returns are all taken care of, making everything simple and easy to manage.

Contact Yorkshire Accountancy today for more information or for your no obligation free quote.

Get A FREE Quote







OR

Give Us A Call

Give us a call on 01482 845750 for an
informal chat about your business. We’d be happy to follow up with a free quote or come out and see you face to face.

Yorkshire Accountancy Services

ANNUAL ACCOUNTS

Your annual accounts submissions is a summary of your business income and outgoings.

AUTO ENROLMENT

Your annual accounts submissions is a summary of your business income and outgoings.

CORPORATION TAX

Corporation tax returns and advice – Business tax advice to clear your head.

VAT SERVICES

Our team is ready and waiting to pick up any aspect of your VAT duties.

PAYROLL

We do the hard work, leaving you to concentrate on more important aspects of your business.

MANAGEMENT ACCOUNTS

We do the hard work, leaving you to concentrate on more important aspects of your business.

SELF ASSESSMENT

At Yorkshire Accountancy, our bright young professionals are experts in personal tax.

COMPANY FORMATION

We love helping people realise their goals and ambitions with their own start-ups.

BOOKKEEPING

Yorkshire Accountancy offer you more than just bookkeeping services.

Customers saying nice things

Stars | Yorkshire Accountancy
Yorkshire Accountancy
Yorkshire Accountancy CottinghamEast YorkshireHU164JTCountry House, Dunswell Road ££01482 84575

“Having been using Yorkshire Accountancy now for 8 years, I can safely say that their service and care is second to none”

JOHN HARPER

Date published: 2019/11/20
5 / 5 stars
Stars | Yorkshire Accountancy
Yorkshire Accountancy
Yorkshire Accountancy CottinghamEast YorkshireHU164JTCountry House, Dunswell Road ££01482 84575

“From the initial contact with Yorkshire Accountancy, they have been consistently helpful, informative and friendly. My accounting needs and the options available were explored so I could make the right choice. Their fees were also competitive, which was a bonus!”

KEITH WAITE

Date published: 2019/11/20
5 / 5 stars
Stars | Yorkshire Accountancy
Yorkshire Accountancy
Yorkshire Accountancy CottinghamEast YorkshireHU164JTCountry House, Dunswell Road ££01482 84575

“As our business expanded we found that managing our payroll in-house became increasingly difficult and we started to search for an external provider. We chose Yorkshire Accountancy because they provided the best quote but we have remained with them because of the first class service they offer – indeed we have now given them all […]

NICK HEMPLEMAN

Date published: 2019/11/20
5 / 5 stars
Stars | Yorkshire Accountancy
Yorkshire Accountancy
Yorkshire Accountancy CottinghamEast YorkshireHU164JTCountry House, Dunswell Road ££01482 84575

“Yorkshire Accountancy were extremely helpful before I even started the business, making sure that the company was set up in the most tax efficient way.  Now the company is growing, Yorkshire Accountancy are continuing to give vital advice to make the company’s after tax profits as high as legitimately possible, and their input allows me […]

DANIEL SUTHERLAND

Date published: 2019/11/20
5 / 5 stars
Stars | Yorkshire Accountancy
Yorkshire Accountancy
Yorkshire Accountancy CottinghamEast YorkshireHU164JTCountry House, Dunswell Road ££01482 84575

“Nick at Yorkshire Accountancy provides accountancy services for 2 limited companies I own, and I have been with Yorkshire Accountancy since October 2007. The accountancy services they provide us are second to none, and I value Nick’s input immensely in the day to day running of the businesses. Anytime I call, (they provide unlimited phone […]

TARIQ QURESHI

Date published: 2019/11/20
5 / 5 stars
Stars | Yorkshire Accountancy
Yorkshire Accountancy
Yorkshire Accountancy CottinghamEast YorkshireHU164JTCountry House, Dunswell Road ££01482 84575

“I was recommended to use Yorkshire Accountancy by a friend and have been very pleased with all the help, advice and support I have received. As I enter my 6th year of self employment I have found that Nick and his team have assisted me with queries both large and small with no fuss whatsoever.  […]

CHRIS SALMON

Date published: 2019/11/20
5 / 5 stars
Stars | Yorkshire Accountancy
Yorkshire Accountancy
Yorkshire Accountancy CottinghamEast YorkshireHU164JTCountry House, Dunswell Road ££01482 84575

“Yorkshire Accountancy have been taking care of my accounts for many years now. They have always given me a professional & prompt service, answering any queries straight away, or getting back to me without much delay. I would have no reservations in recommending them”  

ANDREW WILLIAMS

Date published: 2019/11/20
5 / 5 stars
Stars | Yorkshire Accountancy
Yorkshire Accountancy
Yorkshire Accountancy CottinghamEast YorkshireHU164JTCountry House, Dunswell Road ££01482 84575

“As a start-up business, Yorkshire Accountancy have provided us with all valuable advices in order to run our business properly. Nick Robinson and his team are fully professional and they are always available to support us every time we need them”

NIKOS NIKOLAOU

Date published: 2019/11/20
5 / 5 stars
Stars | Yorkshire Accountancy
Yorkshire Accountancy
Yorkshire Accountancy CottinghamEast YorkshireHU164JTCountry House, Dunswell Road ££01482 84575

“I have worked with Yorkshire Accountancy for many years.  They have been really excellent accountants.  They explain requirements and steer us expertly and helpfully.  Offering to undertake extra tasks where needed. We could scarcely have asked for a better service in any way”

PAUL DUCKWORTH

Date published: 2019/11/20
5 / 5 stars
Stars | Yorkshire Accountancy
Yorkshire Accountancy
Yorkshire Accountancy CottinghamEast YorkshireHU164JTCountry House, Dunswell Road ££01482 84575

“Yorkshire Accountancy have helped me every step of the way in setting up the accounts of my start-up company. they are always helpful and are very patient when I am asking basic questions, guiding me and advising me. They are always prompt and ensure that I can find a path through the world of financing […]

STEPHANIE HOLT

Date published: 2019/11/20
5 / 5 stars
Stars | Yorkshire Accountancy
Yorkshire Accountancy
Yorkshire Accountancy CottinghamEast YorkshireHU164JTCountry House, Dunswell Road ££01482 84575

“Yorkshire Accountancy has been the chosen accountancy firm for us for the last few years and in particular Nick Robinson. They are extremely professional and always available to give immediate advice and assistance at very short notice. We have recommended them to others and will continue to do so.”

ROBERT CROLL

Date published: 2019/11/20
5 / 5 stars

Copyright © Yorkshire Accountancy Limited 2020 | Privacy Policy | Developed by Fisher INC ltd