Simplifying Partnership Accounting for Clarity and Profit
Running a partnership comes with a unique set of responsibilities, and getting the numbers right is critical. At Lanop Business & Tax Advisors, we focus on Partnership Accounting that fits your business, whether you’re looking for a general partnership or a growing accountancy partnership. We’ll handle everything from sorting your partnership account to staying ahead of HMRC requirements, so nothing falls through the cracks. You could be part of a consultancy, a legal firm, or a family-run business, we’ll tailor our services to match. With your partnership accounting in good hands, you can move forward with confidence.
How Lanop Helps Your Partnership Thrive
- At Lanop Business & Tax Advisors, we understand that managing a partnership requires more than just balancing books. Our expert team delivers focused solutions in Partnership Accounting, helping your firm stay compliant, tax-efficient, and growth-ready. Whether you're a new venture or an established accountancy partnership, we take the pressure off your finances so you can focus on what matters most, growing your business.
Accurate and Compliant Accounts
- We prepare detailed partnership accounts, including the SA800 return, ensuring full HMRC compliance. With us, your Partnership Accounting stays accurate, up to date, and never behind schedule.
Personalised Tax Planning That Works
- We look closely at profit sharing, allowable expenses, and strategic deductions to reduce your tax bill. Our team ensures your accountancy partnership pays only what’s necessary, nothing more.
Support for Long-Term Business Growth
- Our experts go beyond numbers. We offer tailored advice to strengthen cash flow, guide expansion, and improve performance across your accounting partnership for stronger results year after year.
What Accounting Services We Offer for Your Partnership
At Lanop Business & Tax Advisors, we deliver expert Partnership Accounting services designed to support your business. Whether a new or established accountancy partnership, we ensure accuracy and compliance at every step.
We prepare detailed annual partnership accounts on time, ensuring accuracy for both general partnerships and accounting for limited partnerships, so you always meet regulatory requirements.
Our team manages full HMRC submissions of accounting partnership tax returns, making sure your filings comply with all relevant tax laws and deadlines.
We optimise individual partner tax returns to minimise liabilities while ensuring compliance, helping partners benefit from all available allowances.
Providing clear and fair accounting for partnerships, we help allocate profits transparently to support partnership harmony and financial clarity.
We review your partnership agreement to ensure it reflects your financial goals and supports effective accounting partnership management.
Our VAT and payroll services keep your partnership running efficiently, maintaining compliance and freeing you to focus on growth.
We identify allowances and deductions to legally reduce your tax burden, helping maximise your partnership’s financial efficiency.
We provide expert guidance on partner changes and accounting for investment in partnership, ensuring smooth transitions without disrupting your business.
Who We Help
We work with partnerships of all sizes, including:
- Professional services firms (law, accountancy, consultancy)
- Medical and healthcare partnerships
- Creative agencies and design studios
- Family-run businesses
- Property investment partnerships
- Tech and start-up collaborations
Understanding Partnership Accounting
Partnership Accounting can get complicated quickly. Unlike sole traders, partnerships have more paperwork to manage, including a separate SA800 tax return for the partnership itself and SA100 for each partner. These forms might sound simple, but the way profits are divided can affect how much tax each person pays, which makes getting it right essential.
Challenges Included in Self Performing Partnership Accounting
- Knowing which expenses are allowable
- Filing both SA800 and SA100 returns correctly
- Understanding complex profit allocation rules
- Handling changes in partners without tax issues
- Managing partner drawings and capital accounts
- Choosing between partnership, LLP, or company structure
Tax Efficiency for Partnerships That Protects Your Profits
Being profitable is one thing, keeping more of what you earn is another. In accounting for partnership, how you split profits, claim expenses, and manage contributions directly affects your tax outcome. Far too often, partnerships end up overpaying simply because they haven’t reviewed their structure in years.
At Lanop Business & Tax Advisors, our expert Partnership Accounting team performs a full tax-efficiency review to help you hold onto more of your hard-earned income. We examine your setup to see if it benefits all partners equally, looking at allowable expenses, capital allowances, pension contributions, and even the timing of major investments.
Tax Challenges
- Not using all available tax reliefs
- Overpaying due to poor profit allocation
- Missing opportunities for pension tax benefits
- Inefficient timing of major expenses
- Not reviewing partnership structure regularly
- Losing money through unclaimed allowances
Transparent Pricing That Delivers Real Value 6
At Lanop Business & Tax Advisors, we believe in transparent, upfront pricing with no hidden fees or unexpected costs. Our Partnership Accounting packages are carefully structured to support both small and large accountancy setups. We price based on the complexity of your partnership and the services you actually need, nothing more, nothing less.
Most of our standard packages include preparation of annual accounts, submission of the SA800 partnership return, SA100 tax returns for each partner, profit allocation calculations, and strategic tax planning throughout the year. Everything is delivered under a clear fixed-fee agreement, so you always know what you’re paying for.
For partnerships with additional needs, we also offer tailored packages that cover VAT returns, payroll processing, management reports, and more. Whether your partnership account is straightforward or more involved, we specialise in accounting for partnerships that go beyond compliance, giving you dedicated support, real savings, and a clear path to growth.
Our Identity
Integrity, honesty, and dedication are the core values at Lanop Business & Tax Advisors. Since launching our first Putney office in 2010, we’ve grown into a fully digital, UK‑based accounting and tax advisory firm that blends expert compliance with forward‑looking guidance and business strategy.
Our team of specialized chartered tax advisors and accountants delivers a full spectrum of services including tax planning, bookkeeping, VAT, payroll, and virtual finance director support all designed to help you manage your business more efficiently and confidently.
We believe accounting is more than numbers it’s about empowering your journey through modern finance. That means applying strategic insight, breaking down complex financial processes, and acting as your trusted partner not just submitting filings.
Put simply, Lanop Business & Tax Advisors is more than an accounting firm we are your strategic ally, dedicated to guiding your financial success with integrity, precision,
FAQ
Accountants for pARTNERSHIP
Do I need an accountant for a partnership?
Yes, and here’s why. Partnerships come with responsibilities that go beyond regular bookkeeping. From submitting the SA800 return to splitting profits fairly, there’s a lot that can go wrong. Having a professional handle your partnership account means you stay compliant and avoid stress when it comes to tax time.
What’s included in your Partnership Accounting service?
We will cover everything you’d expect and more. Our Partnership Accounting service includes preparing your accounts, filing SA800 and SA100 returns, helping with profit allocation, and offering year-round tax advice. It’s built to give your partnership accounting peace of mind and better control over your finances.
Can you help us switch from a partnership to an LLP or limited company?
Definitely. We guide you through the switch step by step. From reviewing your current partnership accountancy setup to registering the new entity and handling the paperwork, we make sure the transition is smooth and fully compliant with no disruption to your day-to-day operations.
How much does Partnership Accounting cost?
It depends on what you need. Our fees are based on your partnership’s size and the level of service you’re after. Whether it’s basic support or full accounting for partnerships, we offer fixed pricing with no surprises, and you’ll always know what’s included from the start.
