Partnership annual accounts must be arranged at the end of the financial year to report all business activities. Copies of the accounts should be provided to every Partner.
Partnership annual accounts start on the incorporation date, and not the first day of trading. All future accounts start in line with the new tax year which runs from the 6th April to the 5th April of the following year.
Partnership annual accounts should be approved by every member and signed off by a nominated partner.
Contact us to find out more