Our tax services
Partnership tax
Managing a professional firm is already stressful enough. Given your commitment to client care, fee-earning, time recording, managing staff and maintaining efficient systems, reducing the tax take from your business can seem like just another headache. We can help. Our experienced advisers provide expert advice on partnership tax issues to help you run a profitable practice.
Potential areas of interest
- You or your client need advice on capital gains tax
- Your firm is intending to acquire or dispose of leasehold or freehold property
- You or your client needs advice on the tax treatment of the goodwill in a partnership
- With partners joining and leaving, you need advice on tax implications
- You or your client need to maximise tax relief on interest related to borrowings, bad debts, provisions for claims, refurbishments, capital expenditure, benefits and expenses
Benefits of working with our Tax Support for Professionals team
- We have vast experience of working with a wide range of professional practices
- We can help you and your clients determine the most appropriate business structure: partnership, company or LLP
- We provide practical advice based on you or your clients’ specific circumstances
Our specialist tax services
- We provide practical advice on basic 'terms' for new partners as well as tax, NIC and pension implications
- We can help you establish appropriate policies for profit sharing, junior partner status, ownership of assets, retirement arrangements, drawings, tax retentions and allocations of 'tax adjusted' profits
- We can provide advice on efficient VAT structuring for new and existing partnerships
- We can help you review the adequacy of existing procedures and assist with planning for the tax implications of retirement
To find out more about how we can help you and your client, please contact your specialist tax advisers.
| Paul Howard | T 020 7893 3041 | E |
| Paula Tallon | T 020 7893 3477 | E |
| Jeff Webber | T 020 7893 3578 | E |
