One accountant for the partnership and every partner.
Each partner takes a share of the profit and pays tax on it. We prepare the LLP's accounts, its partnership tax return and each partner's own return, then tell everyone what to pay and when.
- Tax returns for a two-partner LLP
- 3
- Designated members every LLP needs
- 2
- Online tax returns and payment due
- 31 Jan
For new and established partnerships
Year end2025/26
Example LLP, two partners
- AccountsCompanies House
- Partnership returnSA800
- Partner ASA100
- Partner BSA100
Returns due by31 January 2027
Limited liability, taxed like a partnership.
An LLP protects the partners' personal assets like a company, but HMRC taxes it like a partnership. Each partner pays tax and National Insurance on their own share of the profit.
The partnership files its own return (SA800) and each partner files a personal one (SA100), so two partners means three returns. Starting out? We'll register the partnership with HMRC for you on form SA400.
- Partnership registered with HMRC (form SA400)
- Statutory year-end accounts
- Partnership tax return (SA800)
- Each partner's own tax return (SA100)
Every partner gets their own return.
Add partners and watch the paperwork grow. Each one takes a share of the profit and files a personal tax return, on top of the partnership's own.
Partners in the LLP
3tax returns to file for 2 partners
SA800
Partnership tax return
Example profit £120,000
-
SA100
Partner 1
Share £60,000
Tax and NI on their share
-
SA100
Partner 2
Share £60,000
Tax and NI on their share
-
SA100
Partner 3
Share £60,000
Tax and NI on their share
-
SA100
Partner 4
Share £60,000
Tax and NI on their share
-
SA100
Partner 5
Share £60,000
Tax and NI on their share
-
SA100
Partner 6
Share £60,000
Tax and NI on their share
Example figures. Here the profit splits equally, which is the rule when there's no LLP agreement; your agreement can set a different split.
Accounts that fit your partnership.
Every LLP is different. We fit the service to the size of yours, and you never pay for things you don't need.
On time, every time
We work to your filing dates and prepare the accounts accurately and promptly.
Compliant and accurate
Your LLP accounts follow the latest standards and regulations, checked line by line.
Tax planning
We look for savings and use the reliefs open to the partners, not just fill in forms.
All digital
Everything is electronic. You approve your tax returns at the click of a button.
LLP accounts, answered.
The questions people ask us most. If yours isn't here, ring us and you'll get a straight answer.
A business run by two or more members, who can be people or companies, registered at Companies House. The members aren't personally liable for the LLP's debts, so their own assets are protected if the business struggles. It mixes the flexibility of a partnership with the limited liability of a company.
The LLP itself doesn't pay income tax. It files accounts and a partnership return, and the profit is shared between the members, equally unless your LLP agreement says otherwise. Each member pays income tax and National Insurance on their share through self assessment. A company that is a member pays corporation tax on its share.
Online partnership and personal returns are due by 31 January after the end of the tax year, and that's also when the partners pay. Partners usually make payments on account towards the next bill as well.
Not by law. Until your partnership is big enough to need an audit, you can prepare the accounts yourself. Most partners would rather hand the books and returns to someone who does it every day.
You need at least two members, and the LLP must be registered with Companies House and with HMRC. Its name has to end in LLP or Limited Liability Partnership, and it needs a registered address. Write an LLP agreement covering how profits and losses are shared and what happens when members join or leave. Without one, the Limited Liability Partnerships Act 2000 applies.
Every LLP needs at least two. They take on extra legal duties, such as filing the annual accounts and other documents at Companies House.
Annual accounts, and a yearly statement of the LLP's details and members. You must tell Companies House within 14 days when a member joins or leaves. If an LLP stops filing, the registrar may assume it has stopped trading and strike it off.
Yes. The fixed monthly price covers your year-end accounts and tax returns, plus the bookkeeping, payroll, VAT and anything else in your quote. It's all set out in the terms we send when you start.
Very little. We complete each partner's return, deal with HMRC if they ask questions and tell you how much tax you owe. We can also review your tax position during the year to help you pay less.
Usually each partner's photo ID, date of birth, address and proof of address, National Insurance number and UTR, plus the LLP's name, number, any VAT number and the last tax return. We'll tell you exactly what we need when we get in touch.
Let's get the whole partnership sorted.
New partnership or long established, we'll handle the accounts and every return. Call or send a message: we usually reply within 15 minutes in office hours.