Partnership & LLP Accounting
Packages with Zero Added VAT
Annual partnership accounts, SA800 partnership tax returns, and individual partner Self-Assessments (SA100) for general partnerships and LLPs across Chester, the Wirral, Liverpool, and UK-wide. Our fixed monthly packages start from £95/month (covering two partners as standard) with zero added VAT—giving you clear profit allocations, capital account tracking, and written tax advice with no surprise bills.
Explore Our
Partnership & LLP Packages
Choose the monthly accounting package that fits your general partnership or LLP across Chester, the Wirral, Liverpool, and UK-wide. Every package includes a dedicated senior ACCA accountant, deadline reminders, and full profit-share schedules—ensuring your Partnership Tax Return (SA800) and individual partner Self-Assessments (SA100) are filed accurately with zero added VAT.
Zero Added VAT on All Partnership Packages
Save 20% Out-of-PocketUnlike VAT-registered accountancy practices, Phillips & Co does not add 20% VAT to monthly fees. Our £95/month Essential package costs £95 total, and our £145/month Growth package costs £145 total—saving non-VAT registered partnerships up to £348 a year out-of-pocket and improving monthly cash flow for every firm.
Essential
Annual Partnership & Partner Tax Filing
- Annual partnership accounts & SA800 Partnership Tax Return
- 2x Individual Partner Self-Assessments (SA100/SA104) included
- Partner profit-share allocations & capital account schedules
- Review of allowable partnership & individual partner expenses
- Client-maintained Xero or FreeAgent records with year-end review
- Year-round email support, written tax advice & HMRC agent representation
Growth
For VAT-Registered & Growing Partnerships
- Includes everything in the Essential (£95/mo) package
- Quarterly VAT Return preparation, reconciliation & MTD filing
- Quarterly bookkeeping checks ahead of each VAT filing
- Partner capital accounts, drawings & current account tracking
- Year-round email support & clear written tax advice from senior ACCA accountants
- Ongoing tax planning & January/July Payments on Account reviews
Premium
Full Monthly Bookkeeping, VAT & Management Accounts
- Includes everything in the Growth (£145/mo) package
- Full monthly cloud bookkeeping included (up to 75 transactions/month)
- Quarterly Management Accounts & written profit review
- 2x Individual Partner Self-Assessments (SA100/SA104) included
- Quarterly MTD VAT returns & Dext/Xero receipt processing
- Partner profit-share planning, drawings reviews & year-round written tax advice
3+ Partners or Operating an LLP? Clear Scaling Rules
+£15/mo Per Extra Partner • +£20/mo LLPAdditional Partners (+£15/month or £150/year): All base packages include the SA800 Partnership Return plus individual Self-Assessment returns (SA100/SA104) for up to 2 partners. For partnerships with 3 or more partners, add +£15/month (or £150/year) per extra partner.
Limited Liability Partnerships (+£20/month LLP Supplement): Because LLPs must also file statutory iXBRL financial statements (prepared under FRS 102 / the LLP SORP) and an annual Confirmation Statement (LL CS01) at Companies House, a fixed +£20/month supplement applies to LLP packages (statutory Companies House filing fee recharged at direct cost).
Additional Accounting Services
for Partnerships & LLPs
Alongside our fixed monthly packages, we advise established partnerships on incorporating as a Limited Company, converting to an LLP, and reconciling complex partner capital accounts—all at fixed fees agreed in writing with zero added VAT across Chester, the Wirral, Liverpool, and UK-wide.
Partnership Restructuring & Incorporations
Written tax comparisons and transition planning for growing partnerships.
As partnership profits grow, trading as an unincorporated general partnership is not always the most tax-efficient or commercially protected structure. We prepare side-by-side tax calculations comparing your current partnership position against converting to an LLP or incorporating as a Limited Company.
- Incorporation Relief (s162 TCGA 1992): Defer Capital Gains Tax when transferring a going-concern partnership and its chargeable assets into a Limited Company in exchange for shares.
- Business Asset Hold-Over Relief (s165 TCGA 1992): Tax-efficient relief modelling for transferring trading premises, plant, and partnership assets.
- LLP Conversion Advice: Move from unlimited personal liability to a Limited Liability Partnership (LLP) while keeping transparent partnership tax treatment.
- Capital Account & Goodwill Transfers: Clear accounting schedules for transferring partner capital balances and goodwill on incorporation.
LLPs, Complex Profit Shares & Partner Exits
Tailored accounting for multi-partner practices, LLPs, and bespoke partnership deeds.
Whether your business operates as a Limited Liability Partnership, allocates profits across salaried and equity tiers, or needs accurate capital account schedules prepared for a retiring partner, we align your annual accounts directly with your partnership agreement.
- LLP Statutory Accounts (+£20/mo): Full statutory financial statements prepared under FRS 102 and the LLP SORP, iXBRL tagging, and Companies House filing.
- Multi-Tier Profit Allocations: Custom modelling for prior-charge partner salaries, interest on capital balances, and stepped equity splits.
- Partner Admissions & Retirements: Preparation of completion accounts, drawings reconciliations, and closing capital account statements when partners join or leave.
- One-Off Annual Partnership Filing (£895/year): Standalone annual partnership accounts, SA800 tax return, and 2x partner SA100 returns with zero added VAT.
Important Statutory, Software & Scope Notes
General Partnerships vs. Limited Liability Partnerships (LLPs)
Our standard monthly fees cover general partnerships filing an SA800 return with HMRC. Because Limited Liability Partnerships (LLPs) are corporate bodies that must also file iXBRL-tagged statutory accounts and an annual Confirmation Statement (LL CS01) at Companies House, a fixed +£20/month LLP supplement applies (with the statutory £50 Companies House filing fee recharged at direct cost).
Bookkeeping Records & Direct Software Ownership
Fixed monthly fees assume your bank feeds and bookkeeping records are kept reasonably up to date. Where prior-year records require reconciling or bringing up to date before accounts can be prepared, we agree a fixed one-off catch-up bookkeeping fee in advance. As a Certified Xero Partner (also supporting FreeAgent, Dext, and IRIS OpenSpace), cloud subscriptions are held directly in your partnership's name so you retain 100% ownership of your financial data.
Clear Scope Boundaries
The individual partner Self-Assessment returns (SA100/SA104) included in our packages cover each partner's share of partnership profits, drawings, and standard UK bank interest. Additional personal tax schedules—such as privately held buy-to-let properties (SA105) or capital gains disposals—and non-routine advisory work (such as partner exit valuations or formal s162 incorporation clearances) are always quoted in writing before we start work.
In-Depth Package Breakdowns:
Exactly What Is Included
We set out our scope clearly so every partner knows exactly what is covered in your monthly fee before you join. Below is the full breakdown of the partnership accounts, SA800 filings, individual partner tax returns (SA100), and ongoing support included in each tier—all with zero added VAT across Chester, the Wirral, Liverpool, and UK-wide.
The Essential Package
Built for two-partner general partnerships who maintain their own day-to-day bookkeeping records and want their annual partnership accounts, profit-share schedules, SA800 return, and individual partner SA100 tax returns handled accurately.
Annual Partnership Accounts & SA800 Return
- Partnership Trading Accounts: Preparation of your annual Profit & Loss account and Balance Sheet, reviewing all allowable partnership expenses and capital allowances.
- Profit-Share Allocations: Clear division of taxable profits, losses, prior-charge salaries, and interest on capital in accordance with your partnership agreement.
- Online HMRC SA800 Filing: Electronic submission of the partnership tax return (SA800) to HMRC well ahead of the 31 January filing deadline.
Two Partner Self-Assessments (SA100)
- Individual Tax & Class 4 NIC Computations: Calculation of each partner's Income Tax and Class 4 National Insurance position on their allocated partnership share (SA104), alongside standard PAYE or bank interest.
- 2x Personal Tax Returns Included: Full preparation and online HMRC submission of individual Self-Assessment returns (SA100) for up to two partners.
- Confidential Partner Tax Summaries: Individual tax calculation statements issued to each partner setting out their balancing payment, January/July Payments on Account, and HMRC payment references.
Year-Round Support & Capital Account Tracking
- HMRC Agent Authority: We act as registered HMRC tax agent for both the partnership and individual partners, handling routine HMRC correspondence and coding notices.
- Clear, Written Tax Advice: Year-round email support and researched written tax advice from senior ACCA accountants, alongside encrypted document sharing via IRIS OpenSpace.
- Capital & Current Accounts: Annual reconciliation of each partner's capital introduced, profit share, and drawings so partner balances remain clear and agreed.
The Growth Package
Designed for VAT-registered and growing partnerships. Alongside your annual partnership accounts, SA800, and 2x partner SA100 returns, we handle all four quarterly MTD VAT returns and check your Xero or FreeAgent records each quarter.
Quarterly VAT Returns & MTD Filing
- Input & Output VAT Checks: Quarterly review of your sales and purchase VAT entries so eligible input VAT on partnership expenses is properly claimed.
- Making Tax Digital (MTD) Submission: Preparation and online submission of all four quarterly VAT returns directly to HMRC via MTD-linked software.
- Advance Liability Confirmation: Prompt written confirmation of your quarterly VAT liability or repayment well ahead of the HMRC Direct Debit date.
Quarterly Ledger Checks & Tax Planning
- Quarterly Bookkeeping Review: Because we check your Xero or FreeAgent ledger every quarter for VAT, any coding mistakes are fixed during the year rather than building up at year-end.
- Profit-Share & Drawings Planning: Written tax advice throughout the year on partner drawings, tax reserves, and January/July Payments on Account.
- Direct Senior ACCA Support: Fast, plain-English written answers from senior ACCA accountants whenever partnership tax or accounting questions come up.
The Premium Package
Built for established partnerships and LLPs who want us to handle their monthly bookkeeping (up to 75 transactions/month), quarterly management accounts, quarterly VAT returns, and annual partnership and partner tax filings in one fixed package.
Monthly Bookkeeping (Up to 75 Txns)
- Receipt & Invoice Processing: Upload purchase invoices and receipts via Dext or Xero; our team codes and matches them directly to your ledger.
- Bank Feed Reconciliation: Monthly reconciliation of your partnership bank accounts, credit cards, and payment processors (up to 75 transactions/month included).
- Accurate Year-Round Records: Higher transaction volumes are easily accommodated with a clear, agreed top-up so there are never surprise year-end bills.
Quarterly Management Accounts & Tax Reserves
- Quarterly Profit & Loss Review: Written quarterly summary of partnership trading performance, gross margins, and partner drawings balances.
- Partner Tax Reserve Estimates: Quarterly estimates of each partner's accruing Income Tax and Class 4 NIC liability so the right cash buffer is set aside.
- Pre-Year-End Tax Review: Written review ahead of your partnership year-end covering capital expenditure timing, profit allocations, and incorporation comparisons.