LLP Partnership
Packages
Package 0 – Annual:
– LLP Accounts, Partnership Accounts,
– 2 x Partner self-assessments
– Additional Fees apply for 3 or more partners
Package 1 – Monthly:
– Package 0 PLUS
– Confirmation Statement filing with Companies House
– Quarterly Bookkeeping Review which includes a tax estimate
Package 2 – Monthly:
– Package 1 PLUS
– Monthly Payroll preparation Submission
OR
– Quarterly VAT Returns
Package 3 – Monthly:
– Package 1 PLUS
– Monthly Payroll preparation & Submission
AND
– Quarterly VAT Returns
Checklist
– Obtain Registration number from Companies House
– Obtain Partnership UTR from HMRC
– ALL partners are set as signatories on the bank
– Complete the checklist with ICO for GDPR
– Business Insurance
– ALL partners are registered for self-assessment with HMRC & have their UTR
HMRC Gateway account:
> Activate PAYE if required
> Activate VAT if required
> NEVER share your Gateway login details
VAT Threshold £90,000 in a rolling 12-month period
Do I need PAYE:
> Yes, if you are employing staff
> Yes, if you would like to go onto PAYE