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Partnerships & Professional Practices

We work with traditional partnerships, LLPs and professional practices with turnover of £200,000 or more, including medical, legal and other regulated firms.

This service is designed for partnerships where partners have individual tax obligations and are approaching the Making Tax Digital for Income Tax (MTD ITSA) regime.

Trust markers: Chartered Certified Accountants • AAT regulated and supervised

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Who it’s forMTD ITSAWhat we deliverHow it worksSectorsBoundariesNext steps

Who this service is for

  • Partnerships with turnover of £200k or more
  • Partnerships with two or more partners
  • Professional practices requiring ongoing compliance and planning
  • Partners with individual Self Assessment obligations

MTD ITSA – what it means for partners

Making Tax Digital for Income Tax applies at individual partner level, not at partnership level.

Many partners will fall within Phase 1 of MTD ITSA because their self-employment income exceeded £50,000 in the 2024/25 tax year.

This introduces mandatory quarterly submissions and additional reporting requirements that sit alongside existing partnership obligations.

What we deliver

  • Partnership accounts
  • Partnership tax return
  • Partner Self Assessment returns, including MTD ITSA readiness
  • Capital accounts and profit-sharing schedules
  • VAT, payroll and CIS (where relevant)
  • Capital Gains Tax planning and reporting
  • HMRC correspondence and enquiries

How partnership tax works

Partnership compliance involves multiple layers: the partnership submits a partnership tax return, profits are allocated between partners, and each partner files an individual tax return.

MTD ITSA adds an additional reporting layer at partner level, making coordination, accuracy and forward planning critical.

Sector experience

  • GP and medical practices
  • Legal partnerships and law firms
  • Professional firms including architects, surveyors and consultants
  • Both LLP and non-LLP structures

Boundaries & positioning

  • Not a low-fee, volume-driven service
  • No one-off partnership returns
  • Ongoing, structured engagements only

What happens next

  1. Schedule a call
  2. Qualification discussion
  3. Scope confirmation
  4. Fee proposal
  5. Structured onboarding
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