A partnership in this case is a type of business:
If you’re a partner in a partnership, you need to file a SA104 (attached to SA100) in addition to the separate Partnership Tax Return. If you don’t do this by the deadline (October 31st for the paper tax return filing), all partners will be fined.
You can download the SA104 from HMRC’s website.
However, if you decide to file your tax return online, you don’t need to print it and mail it to HMRC – you can just submit the information online directly. Plus you can wait until January 31st to do it.
Of course! We advise that you start a comprehensive spreadsheet to keep track of your taxable income and relevant expenses throughout the year in order to make your tax return more straightforward. This can be done on an Excel spreadsheet or Google sheet to keep things simple! You can also get corporate accounting services from our dedicated experts – Contact our team for more advice today!
This all depends on your business and your own needs and preferences. We have experts in Sage, Xero, QuickBooks, Free Agent and more. Speak to our accountants today to discuss your options and we can find the best solutions for you!