Partnership & LLP Tax Accountants
with Zero Added VAT
Annual partnership trading accounts, SA800 partnership tax returns, partner capital account reconciliations, and individual partner Self-Assessment (SA100/SA104) filings across Chester, the Wirral, Liverpool, and UK-wide. Our fixed monthly packages start from £95/month (including 2 partner tax returns as standard, and LLP compliance for +£20/month) with zero added VAT.
Practical Partnership Accounting &
Tax Solutions
Running a general partnership or Limited Liability Partnership (LLP) requires clear profit-share schedules, accurate capital account tracking, and joined-up tax filing for every partner. We handle your partnership accounts, SA800 return, and individual partner Self-Assessments across Chester, the Wirral, Liverpool, and UK-wide—all at fixed monthly fees with zero added VAT.
Partnership Accounts & SA800 Returns
Preparation of your annual partnership Profit & Loss account, Balance Sheet, and HMRC SA800 Partnership Tax Return—submitted well ahead of the 31 January deadline so no partner faces late-filing penalties.
- Full SA800 Partnership Statement & profit-share allocation schedules
- Review of partnership trading income & allowable business expenses
- Annual Investment Allowance (AIA) & writing-down capital allowance claims
- LLP statutory accounts (FRS 102 / LLP SORP) & Companies House filing (+£20/mo)
Partner Self-Assessments (SA100)
Every monthly partnership package includes individual Self-Assessment tax returns (SA100 & SA104) for up to two partners as standard, reconciling each partner's profit share, personal allowances, and National Insurance.
- Direct reconciliation of SA800 profit shares onto each partner's SA104 schedule
- 2x individual partner SA100 returns included (3rd+ partners +£15/mo)
- Class 4 National Insurance calculations & voluntary Class 2 NIC checks
- January/July Payments on Account schedules & HMRC reduction claims
Profit Allocations & Capital Accounts
Clear profit-share modelling and annual partner capital account schedules so every partner can see their opening balance, capital introduced, profit allocation, and drawings taken during the year.
- Fixed & stepped profit-sharing ratio modelling aligned with your partnership deed
- Partner capital & current account reconciliations, prior-charge salaries, and interest on capital
- Completion accounts & closing capital statements for incoming or retiring partners
- Written tax comparisons on incorporating as a Limited Company (s.162 TCGA 1992)
VAT & Cloud Bookkeeping (Xero)
As a Certified Xero Partner (also supporting FreeAgent, Dext, and IRIS OpenSpace), we configure shared digital bookkeeping, bank feeds, and quarterly MTD VAT returns for growing partnerships.
- Making Tax Digital (MTD) quarterly VAT return preparation & online HMRC filing
- Quarterly management accounts, P&L reviews & partner tax reserve estimates
- Done-for-you monthly bank reconciliation & Dext receipt processing (Premium tier)
- 100% direct client software ownership with no accountant lock-in
Need a clear, fixed-fee quote for your partnership or LLP?
Our ACCA-regulated partnership packages start from £95/month (including your SA800 return and 2 partner SA100 returns) with zero added VAT.
Our Simple 3-Step
Partnership Tax Process
Coordinating accounts and tax returns across multiple partners should be straightforward. Our structured three-step workflow keeps every partner informed—delivering clear profit-share schedules, reconciled capital accounts, and on-time HMRC filings across Chester, the Wirral, Liverpool, and UK-wide with zero added VAT.
Cloud Bookkeeping & Handover
We handle the professional clearance handover from your previous accountant and set up your partnership on cloud software (Xero or FreeAgent)—linking live bank feeds so every partner has clear visibility of the numbers.
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100% Direct Data Ownership: As a Certified Xero Partner (also supporting FreeAgent and Dext), subscriptions are held directly in your partnership's name.
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Bank Feeds & Receipt Capture: Live business bank feeds and Dext digital receipt capture to keep partnership records organised year-round.
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Shared Partner Visibility: Up-to-date dashboards showing partnership income, trade creditors, and partner drawings.
Profit Allocation & Tax Reliefs
Our ACCA accountants prepare your annual partnership accounts and calculate exact profit shares in line with your Partnership Deed or LLP Agreement—reconciling each partner's capital account and claiming every eligible tax relief.
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Partnership Accounts & SA800: Full preparation of your Profit & Loss account, Balance Sheet, and HMRC SA800 Partnership Statement.
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Capital & Current Accounts: Tracking each partner's opening capital, capital introduced, prior-charge salaries, profit share, and drawings.
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Capital Allowance Claims: Claiming Annual Investment Allowance (AIA) and writing-down allowances on qualifying plant, equipment, and commercial vans.
SA800 & Partner SA100 Submissions
Once approved securely via IRIS OpenSpace, we submit the joint SA800 partnership return and each partner's individual SA100/SA104 tax return to HMRC well ahead of the 31 January deadline.
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Joined-Up HMRC Filing: Simultaneous electronic submission of the partnership SA800 return and individual partner SA100 returns (plus Companies House filing for LLPs).
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Clear Partner Tax Schedules: Each partner receives a written breakdown of their personal Income Tax, Class 4 NICs, and January/July Payments on Account.
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Year-Round Written Support: Ongoing senior ACCA tax advice and registered HMRC agent representation included with zero added VAT.
Transparent, Fixed-Fee
Partnership Packages
Select the monthly package that matches your general partnership or LLP. Every tier includes a senior ACCA accountant, partner capital account schedules, and both your joint Partnership Tax Return (SA800) and up to two individual partner Self-Assessments (SA100/SA104)—prepared on time with zero added VAT across Chester, the Wirral, Liverpool, and UK-wide.
Zero Added VAT on All Partnership Packages
Save 20% Out-of-PocketNon-VAT registered partnerships cannot reclaim VAT charged on accountancy fees, meaning standard VAT-registered firms add an extra 20% to your annual overhead. At Phillips & Co, our fixed monthly fees are the exact amount you pay—saving your partnership 20% in real cash flow every year.
Essential
Annual Accounts, SA800 & 2 Partner Returns
- Annual partnership trading accounts & SA800 Partnership Tax Return
- 2x individual partner Self-Assessments (SA100/SA104) included
- Partner profit-share allocations & annual capital account schedules
- Clear HMRC payment schedules & Payments on Account checks
- Support with your cloud software subscription (Xero or FreeAgent)
- Registered HMRC tax agent authorisation & year-round written support
Growth
Quarterly VAT Returns & Tax Planning
- Includes everything in the Essential (£95/mo) package
- Quarterly MTD VAT return preparation, checks & HMRC filing
- Quarterly bookkeeping reviews & partner tax reserve estimates
- Priority year-round partner telephone & direct email support
- Ongoing partner capital account & drawings tracking
- Pre-year-end capital allowance (AIA) & profit-allocation planning
Premium
Monthly Bookkeeping & Management Accounts
- Includes everything in the Growth (£145/mo) package
- Full monthly cloud bookkeeping included (up to 75 txns/month)
- Quarterly Management Accounts & partner profitability reviews
- 2x individual partner Self-Assessments (SA100/SA104) included
- Monthly bank feed reconciliations & Dext receipt processing
- Year-end profit-share modelling & s.162 incorporation tax checks
Important Partnership, LLP & Software Scope Notes
Our standard fees cover general HMRC partnerships. Because LLPs require statutory Companies House financial statements (iXBRL / LLP SORP) and an annual Confirmation Statement (LL CS01), add +£20/month (No VAT) for LLP compliance. (The statutory £50 Companies House CS01 filing fee is recharged at direct cost).
Standard packages include personal tax returns (SA100/SA104) for up to 2 partners. For partnerships with 3 or more partners, add +£15/month (No VAT) per additional partner. Need a standalone year-end filing without a monthly retainer? One-off annual partnership accounts, SA800, and 2x partner SA100 returns start from £895 (No VAT).
Our Essential and Growth packages assume your partnership bank feeds and invoices are kept reasonably up to date. Where prior-year records need reconciling or bringing up to date before filing, we agree a fixed one-off catch-up bookkeeping fee in writing before starting work.
As a Certified Xero Partner (also supporting FreeAgent, Dext, and IRIS OpenSpace), cloud subscriptions are held directly in your partnership's name so all partners retain 100% legal ownership and control of your financial records.