Although similar to a partnership, members of a LLP are protected in the same way directors are in a limited company. However, tax returns still need to be filed for the LLP and for each member, the members being taxed on their share of the profits.
An LLP has additional filing requirements, over and above a standard partnership, having to file accounts each year with Companies House. These accounts then available for public viewing.
Members of LLPs need accurate accounts to determine the proportionate amount of profit to be assigned to each partner, but having to keep the financial records can distract from core business of serving customers.
That’s were JetBooks comes in.
JetBooks can help you set up your LLP set of accounts, record all the business transactions accurately and produce both monthly management accounts and annual statutory accounts for tax purposes.
We take day-to-day hassle out of your business, leaving you to grow your business. We have qualified professionl accountants overseeing our bookkeepers, and who review your accounts on a monthly basis.
Whether you are a start-up or an established LLP, JetBooks can assist in every stage of the process.