Partnership Accounting Packages
in Chester
Expert accountancy for Chester partnerships and LLPs. Choose clear, fixed-fee pricing and tailored support to keep your business fully compliant, freeing you and your partners to focus entirely on growth.
Explore Our Partnership Packages
Choose the right fixed-fee plan for your Chester partnership. Every package includes a dedicated accountant, proactive reminders, and local expertise—ensuring your Partnership Tax Return (SA800) and individual Self-Assessments are accurate, on time, and completely stress-free.
Maximize Shared Profits: Phillips & Co does not add 20% VAT to client packages. A £145/month Growth package costs your partnership exactly £145 — saving your business hundreds of pounds out-of-pocket every year compared to VAT-registered practices.
Essential
Core Compliance
- ✓ Annual SA800 Partnership Tax Return filed
- ✓ Two individual partners’ Self-Assessments
- ✓ Proactive HMRC deadlines alerts and support
- ✓ Complete cloud accounting software support
- ✓ Official HMRC agent authorisation handling
Growth
For Expanding Businesses
- ✓ Includes all features from Essential tier
- ✓ Quarterly VAT Return filings & management
- ✓ Quarterly partnership performance reviews
- ✓ Priority ongoing email & telephone support
- ✓ Proactive strategic tax planning guidance
Premium
All-Inclusive Finance
- ✓ Includes all features from Growth package
- ✓ Quarterly management accounts & reporting
- ✓ Monthly bookkeeping (Up to 75 txns/month)
- ✓ Tax Self-Assessments for up to 2 partners
- ✓ Advanced profit allocation & tax strategy
Have More Than 2 Partners?
All standard packages include full compliance for 2 partners (1x SA800 Partnership Return + 2x SA100 Individual Returns). For partnerships with 3 or more partners, simply add +£15/month (or £150/year) per additional partner to cover their individual Self-Assessment return and profit share reconciliation.
Additional Accounting Services for Chester Partnerships
We know not every partnership needs ongoing monthly support. That is why we offer flexible one-off accounting services—expert compliance at a clear, fixed fee with zero ongoing commitment.
One-Off Annual Service
Perfect for partnerships who prefer a single annual payment without year-round support.
- ✓ Full preparation of your Annual Partnership Tax Return (SA800)
- ✓ Individual Self-Assessment Tax Returns (SA100) for two partners
- ✓ Direct HMRC submission & complete tax computation summary
Custom Solutions
Need something unique for your partnership, LLP, or complex profit-sharing structure?
Whether you require specialized multi-tier profit allocations, capital account restructuring, or high-volume transaction support, we can build a completely bespoke accounting or tax package matched to your exact business goals.
Important Statutory, Software & Scope Information
Traditional Partnerships vs. LLPs (Limited Liability Partnerships)
Standard package fees cover general partnerships filing HMRC SA800 tax returns. Because LLPs (Limited Liability Partnerships) are subject to Companies House statutory filing rules, iXBRL accounts formatting, and annual Confirmation Statements, a +£20/month LLP statutory compliance add-on applies.
Bookkeeping & Record Quality Standards
Our fixed-fee compliance packages assume your bookkeeping is fully and accurately reconciled prior to handover. If your records require significant clean-up or catch-up reconciliations before filing, a one-off Bookkeeping Rescue fee will apply. Cloud software subscriptions (e.g., Xero) are strictly not included in package fees.
Standard Work Assumption
Fees assume a standard level of work and trading complexity. Additional professional fees for highly complex cases (e.g., historic tax dispute resolution or complex multi-partner equity restructures) will always be agreed with you upfront.
In-Depth Package Breakdowns: Exactly What You Get
We believe that multi-partner accounting should be completely transparent and stress-free. When you choose a fixed-fee monthly package with Phillips & Co, you are not just paying for a joint tax return—you are gaining a dedicated financial mediator and advisory team. Explore the comprehensive breakdowns below to see exactly how much administrative heavy lifting we take off your shoulders at every tier.
The Essential Package
The perfect core compliance package for two-person partnerships who want their shared finances and personal tax liabilities managed seamlessly with zero surprise bills.
Annual Partnership Tax Return (SA800)
- Shared Accounts Preparation: We meticulously compile your shared partnership accounts, ensuring every allowable business expense is claimed to legally reduce your joint taxable profit.
- Precise Profit Allocation: We calculate the exact profit or loss share for each partner according to your specific partnership agreement, ensuring absolute fairness and transparency.
- HMRC Submission: We prepare and file the full SA800 return securely to HMRC well before the deadline, preventing any late-filing penalties for the business.
Two Partner Self-Assessments (SA100)
- Personal Tax Calculation: We take your allocated partnership profit and combine it with any of your other income streams (property, dividends, or savings) to calculate your exact personal Income Tax and National Insurance liabilities.
- Complete Tax Return Filing: We prepare and submit two individual personal tax returns directly to HMRC, providing each partner with a clear, private summary of exactly what they owe.
Year-Round Proactive Support & Capital Tracking
- HMRC Agent Representation: We act as your officially authorised tax agent for both the partnership and the individuals, dealing directly with HMRC on your behalf.
- Deadline Management: We proactively chase you for your records, ensuring the business and the partners never miss an HMRC deadline.
- Partner Capital & Drawdown Tracking: We track individual partner capital accounts, drawdowns, and profit allocations throughout the year, ensuring clear internal transparency and preventing financial disputes between partners.
The Growth Package
Built specifically for expanding partnerships. If your business is VAT registered or you want regular performance check-ins to guide your growth, this package takes the administrative burden completely off your hands.
Quarterly VAT Returns & MTD Compliance
- Input vs. Output Checking: We rigorously review your transactions to ensure you are claiming back every allowable penny of VAT on your business purchases.
- MTD Digital Submissions: We ensure your shared records are fully Making Tax Digital compliant and submit your precise VAT returns to HMRC every single quarter.
- Liability Forecasting: We give the partners advance notice on exactly what the upcoming VAT bill will be, so you can manage your shared cash flow confidently.
Quarterly Performance & Tax Strategy
- Performance Overview: We provide regular reviews of your partnership’s financial performance, highlighting areas to improve cash flow and reduce overheads.
- Proactive Tax Planning: We offer strategic, plain-English guidance throughout the year on the most tax-efficient ways to manage capital accounts and draw money from the business.
The Premium Package
The ultimate all-inclusive outsourced finance department. Designed for growing partnerships (including up to 2 individual partner Self-Assessments) that want to hand over daily financial administration and gain deep insights into shared profitability.
Comprehensive Monthly Bookkeeping (Up to 75 Txns)
- Receipt & Invoice Processing: Simply forward your purchase invoices and receipts to us, and we process them directly into your Xero accounting software.
- Bank Reconciliation: We meticulously match every single transaction in your business bank account to the corresponding invoice, ensuring shared records are 100% accurate.
- Higher transaction volume? Tiered bookkeeping top-ups are available and agreed upfront with zero surprises.
Quarterly Management Accounts & Profitability
- Real-Time Profitability: Every quarter, we provide a detailed, plain-English report showing your exact profit margins, revenue trends, and overhead costs.
- Tax Provisioning: We forecast your upcoming individual tax and VAT liabilities throughout the year, so every partner can safely set aside the correct amount of cash.