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A partnership is simply a number of sole traders who come together to operate a business. Each owner will file their own tax returns and the partners will enter into a partnership agreement setting out how the business will be run.

What does it mean?

A partnership is simply a number of sole traders (2 or more) who come together to operate a business. A partnership agreement will need to be written and should be drawn up by a solicitor. The partners are jointly and severally responsible for running the business and if it fails all partners are jointly and severally responsible for the debt.


Registration & Taxes

One of the first considerations for a partnership is what taxes they need to register for and when they need to do this. They may be required to register for any or all of the following:

  • Income Tax
  • VAT
  • PAYE
  • RCT
  • CRO

We can advise you on which taxes you must register for and help with the registration process.

Records & Accounts for Partners

Records & Accounts

Keeping accurate books and records is the cornerstone of running a successful business. We can help you with this time consuming area by providing advice and services in the following:

  • Book keeping Services
  • Record Keeping – Kits and Templates
  • Payroll Services
  • Prepare accounts for filing
  • Software

Filings and Returns for Partners

Filings & Returns

A major part of any successful business is keeping on top of your filing requirements and ensuring that you are compliant with all the relevant authorities.

This can be very time consuming and can take you away from your main aim of growing your business. We can help you remain compliant and on the right side of the taxman.

    Returns that need to be filed include:
  • VAT Returns
  • P30 & P35 Returns
  • Income Tax Returns
  • RCT
  • Partnership Returns

Planning and Growth for Partners

Planning & Growth

Even when you are only starting out it pays to plan for the future. We can help you through the different stages of your businesses development from start up to growth to exit strategies.

    Some of the things to consider are:
  • Conversion to a Company
  • Exit Strategy
  • Pension Planning
  • Company Director Pension Opportunities
  • Research and Development Credits

Dealing with Revenue for Partners

Dealing with Revenue

While it may not be welcome, dealing with the Revenue Commissioners is an unavoidable fact of life for all business owners.

Apart from general filing requirements some of the other reasons you may have contact with Revenue are:

  • Revenue Audits
  • General Queries from Revenue
  • Late filings or payment of Returns
  • Tax Clearance Issues

We have vast experience of dealing with Revenue in relation to a wide range of issues and can help your business communicate effectively with them.

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Flexible Payment Options

Flexible Payment Options




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