All latestFilter latestSign-up for updates

Clear filters

Sign-up for updates

Partnerships with corporate partners eligible for full expensing and super-deduction

Partnerships play a crucial role in the UK’s business landscape as they offer shared responsibilities and flexibility among members and are often a blend of individual and corporate members (i.e., a company is a member).

Insights
Professional Partnerships
21st May 2024
Read more
The importance of a partnership agreement

The only legal definition of a partnership is where there are “persons carrying on a business in common with a view to profit”. There is often a fine line between whether there is a joint venture or a partnership between parties (unless set up formally such as a limited liability partnership (LLP) or a limited partnership (LP)), and it is not uncommon to find that people have been trading in a partnership without realising it.

Insights
Professional Partnerships
15th May 2024
Read more
HMRC targeting online sellers – Accountancy Daily

Danielle Ford, Partner and Head of Tax Disputes & Resolutions, has featured in Accountancy Daily, commenting on HMRC’s latest campaign targeting those who sell on online platforms and apps.

Press
Tax Disputes & Resolutions
14th May 2024
Read more
boardroom meeting room
Why accounting firms are choosing LLPs over Limited companies – Accountancy Today and Accountancy Age

Kiran Chotai, Private Client Senior Manager, has been published in Accountancy Today and Accountancy Age, discussing the transitions firms are making within the accounting sector from limited companies (LTDs) to Limited Liability Partnerships (LLPs).

Press
13th May 2024
Read more
HMRC letters
Comments on HMRC’s MTD for ITSA Pilot – AAT

Katharine Arthur, Partner and Head of Private Client, has shared her insights on the challenges and critical considerations surrounding the HMRC’s Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) pilot program with AAT.

Press
Tax
8th May 2024
Read more
Family companies: assess profit extraction strategy

There’s a changing outlook for director-shareholders in family companies. Recent developments, such as the change to the dividend allowance and National Insurance Contribution (NIC) rates, and potentially higher Corporation Tax rates, all mean remuneration may need rethinking. Checking the numbers in your own particular circumstances becomes increasingly important.

Insights
7th May 2024
Read more
Transitioning from employee to partner

There are a few tax issues to be aware of when transitioning from an employee to a partner. The below details the scenario of your tax position as an employee and what it would mean for you becoming a partner. If you are a Limited Liability Partnership (LLP) member, all comments below are subject to you being treated as self-employed for Income Tax and National Insurance (NI) under the Salaried Member Rules.

Insights
Professional Partnerships
7th May 2024
Read more
LLPs: HMRC’s new salaried members rules guidance on capital contributions

Introduced in 2014, the salaried members rules are anti-avoidance provisions, which remove the presumption of self-employment for some members of Limited Liability Partnerships (LLPs), with a view to tackling ‘disguised remuneration’ through LLPs.

Insights
Professional Partnerships
2nd May 2024
Read more

Awards and Accreditations

Accounting Excellence Large Firm of the Year 2023
eprivateclient top accountancy firm 2023

Get in touch