Self Employed Partnership
lor
Registered Posts: 68 Epic contributor 🐘
Hi there,
I have a client who was a partnership entity, so I used to file their 2 SA and 1 Partnership R.
They ceased the Partnership, to save money on filing and to go back to being SA.
They have contacted me to file SA for them both, they have a 50% share of the same business. Surely this is still a partnership, if there are more than one person in a self employed business then it becomes a partnership?
I have a client who was a partnership entity, so I used to file their 2 SA and 1 Partnership R.
They ceased the Partnership, to save money on filing and to go back to being SA.
They have contacted me to file SA for them both, they have a 50% share of the same business. Surely this is still a partnership, if there are more than one person in a self employed business then it becomes a partnership?
0
Comments
-
Yes, there only way to avoid a partnership[ return would be to each be self-employed and subcontract work between them. Would be a whole lot of hassle and with our fees probably wouldn't save them anything anyway.Regards,
Burg0 -
thanks for your reply.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 321 NEW! Qualifications 2022
- 164 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 87 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership