Partnerships can be difficult structures to manage, since the owners also act as employees. As the saying goes "it is hard to see the woods for the trees", concentrating on giving excellent service to your clients can result in neglecting the future of your own business. We are conscious of the dangers and can offer experience and objectivity to help you develop planning methods so that your partnership is run on a sound commercial basis.
The tax treatment of partnerships can be very complex. It is particularly important to take into account the individual tax situation of each of the partners. No one likes those nasty shocks at the end of the year. WMC Accounting can help you through this minefield.
We are familiar with the systems of external and self-regulation for Solicitors, Lawyers, Surveyors, Consultants and Agents, and frequently provide the relevant reports for professional bodies.
Clients often require a multi-disciplinary approach, drawing on the skills of different professions in planning their affairs and implementing consequent action. We're used to working as a team and will work with you to make sure our mutual clients receive a perfectly co-ordinated service.
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