Looking for a proactive firm of accountants to help your business become more profitable and pay less tax? At FinSol Tax Advisors we offer affordable and experienced accountants and they will give you a correct advice for Partnership tax returns.
Partnership tax return: All partners are jointly responsible for the completion of the partnership tax return. The total partnership profits, losses and other income are allocated to the individual partners on the return according to their profit share entitlement.
Who should send the Partnership Tax Return?
If this Partnership Tax Return has been issued in the name of the partnership, then the partner nominated by the other members of the partnership during the period covered by the tax return is required by law to complete it and send it back to us. If the partners are unable to nominate someone, they should ask us to nominate one of them.
If this Partnership Tax Return has been issued in the name of a particular partner, that partner is required by law to send it back to us.
The Partnership Tax Return – your responsibilities
We have sent you pages 1 to 8 of the tax return for the most common types of partnership income. You might need other supplementary pages,
• Which we have not sent you, for other types of
• Income and disposals.
You are responsible for making sure that you have the right pages. Answer the questions on page 2 of this form to find out if you have the right ones.
You should make sure that the information needed by individual partners to complete their personal tax returns is given to them as quickly as possible
We offer a wide range of tax services for companies and individuals. So contact us to know more information regarding any of our services!