Partnerships

Partnerships and LLPs can offer the optimal business structure for a wide range of business sectors and activities, from agriculture to property, professional services to joint ventures. Their flexibility makes them a popular choice amongst businesses and entrepreneurs. They are also subject to very specific tax rules which have become increasing complex in recent years and must be navigated with care.

Our team of specialists apply their knowledge and experience to advise partnerships and support individual partners with their personal finances. We will;

  • manage the partnership’s tax liabilities to ensure only the correct tax is paid and sufficient tax reserves are maintained for each partner.
  • advise on the disposal of partnership assets or changes to partnership profit sharing arrangements
  • explain partners’ individual tax liabilities to them including advising new partners on the opening year rules, and identifying individual tax and financial planning opportunities.
  • assist with exit strategies for retiring partners, including Capital Gains and Inheritance Tax mitigation
  • advise on business structuring

We will provide you with peace of mind that your tax reporting is accurate and up to date, and we will support you now and in the future by delivering proactive specialist advice so that you can make decisions with confidence.

Derek Mitchell web

Key Contact

Derek Mitchell
Partner

This email address is being protected from spambots. You need JavaScript enabled to view it.
+44 1224 625111

Client Testimonials

The plus factor in action

"I was faced with both the scary and depressing realisation ...

Anonymous

Read More...

"Different Class! I became a client of AAB approximately a year ...

Steve Bonsor

Read More...

"Members of my family company, Robert Duthie and Sons Ltd ...

Robert Duthie and Sons Ltd

Read More...

"AAB have proactively managed my tax affairs for more than ...

Peter Lazzari

Read More...

"I was really impressed with the knowledge displayed by the ...

George Sim

Read More...

"They're on your side......A2B stepped in after HMRC continuously got ...

Ted Reay CNR International (UK) Limited

Read More...

"We have an excellent relationship with AAB formed over 7+ ...

Stanley & Evelyn Morrice

Read More...

"The Private Client Tax Department at Anderson Anderson & Brown ...

DR

Read More...

"Lynn and the team have been excellent at assisting with ...

Peter

Read More...

"AAB have been our accountants for many years. Having AAB ...

A.R. Mathers & Sons

Read More...

"My relationship with AAB has grown as the business has ...

Alex Wiseman

Read More...

“There are huge benefits to using this multi-disciplinary firm. When ...

Milmor Properties Ltd

Read More...

"AAB's IHT, Trusts and Estates team looked after the tax ...

Keith Fletcher

Read More...

"I have been a personal tax client of AAB for ...

Peter Williams

Read More...

"I have been very much looked after by the Private ...

Joanna Robertson

Read More...

"Upping sticks and moving overseas to work/set up home, is ...

Fraser Louden

Read More...

"When I decided to embark on Inheritance Tax planning, I ...

James Thom

Read More...

"At CLP we've worked with AAB since setting up the ...

The Commercial Law Practice

Read More...

"AAB provide invaluable support and assistance, working closely with us ...

Mackie Ramsay Taylor

Read More...

"The same Private Client individuals have looked after my personal ...

Jon Murphy

Read More...

Case Studies

The plus factor in action

Background Successful UK based owner managed aquaculture business which has experienced ...

Fishing: Case Study 1

Read More...

Background Start-up of Spirits Distiller based in Scotland. Entrepreneur behind the start-up ...

Food & Drink: Case Study 1

Read More...

Background We were introduced to an early stage E&P company and ...

Oil & Gas - E&P: Case Study 1

Read More...

Background A start-up coffee shop requiring a range of support services

Food & Drink: Case Study 2

Read More...

Background Due to generic clauses contained in a contract held between ...

Oil & Gas - Services: Case Study 4

Read More...

Background Our client commenced in business as a property developer. Over ...

Construction & Property: Case Study …

Read More...

Background A pharmacy business looking to expand by acquisition.

Healthcare: Case Study 3

Read More...

Background Successful UK based Oil & Gas service company with international ...

Oil & Gas - Services: Case Study 7

Read More...

Background A Dental partnership buy-out requiring a range of support services

Healthcare: Case Study 1

Read More...

Background A professional services LLP weighing the benefits of transferring their ...

Professional Services: Case Study 1

Read More...

Background A shipping company where AAB have been engaged as Corporate ...

Shipping: Case Study 1

Read More...

Background UK Motor retail group operating a nationwide chain of franchised ...

Leisure, Retail & Hospitality: Case …

Read More...

Background One of the world’s largest window covering companies based in ...

Construction & Property: Case Study …

Read More...

Background Successful privately owned UK construction business with an ageing senior ...

Construction & Property: Case Study …

Read More...

Background A UK energy company requiring tax compliance advice for their ...

Oil & Gas - E&P: Case Study 3

Read More...

Background A local headquartered business providing building and facilities maintenance and ...

Facilities Management : Case Study 2

Read More...

Background A local business had a requirement to obtain additional funding ...

Healthcare: Case Study 2

Read More...

Background Oil services company with worldwide activities required renewal and extension ...

Oil & Gas - Services: Case Study 2

Read More...

Background A local manufacturing company which has had over 40 years ...

Engineering & Manufacturing: Case St…

Read More...

Background Successful UK based data record management and software solutions provider ...

IT/Software: Case Study 1

Read More...