Limited liability accounts in Manchester

Annual accounts and tax for limited liability partnerships, handled by fully qualified accountants who explain it all in plain English and agree a fixed fee before we start.

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Who this service is for

A limited liability partnership, or LLP, gives its members the flexibility of a partnership with the protection of limited liability. It also brings its own set of filing rules, and they're easy to get wrong.

LLPs are popular with professional practices and with businesses run by two or more people who want to share profits in their own way. If you're a member of an LLP in Manchester, you have duties to Companies House and to HMRC, and each member has their own personal tax to sort out as well.

That's a lot of paperwork for people who'd rather be running the business. We take it off your hands, keep you on the right side of the deadlines and make sure nobody pays more tax than they need to.

What LLP accounts involve

Every LLP has to prepare annual accounts and file them at Companies House, along with a confirmation statement each year. On the tax side, the LLP itself doesn't usually pay income tax on its profits. Instead it sends HMRC a partnership tax return, and each member pays tax on their share of the profit through their own self assessment.

Why the details matter

How profits are split between members, what each member has drawn and what counts as an allowable expense all affect the tax bill. Getting these right is where good advice saves money.

How we work with you

A free first chat
We talk through how your LLP is set up, how members share profits and where you are with your records. There's no charge for this.
A fixed fee, agreed up front
We agree a fixed fee or a monthly package, so you know the cost before any work begins.
Accounts, returns and advice
We prepare the accounts and returns, explain the figures in plain English and point out any legitimate ways to reduce the tax you pay.

What you get from Crooks Books

Fully qualified accountants with 20 years of experience.
A detailed understanding of HMRC's rules, used to help you keep as much of your money as possible.
Plain English from start to finish, with no jargon.
Fixed fees or monthly packages, so there are no surprise bills.
A local, independent team: Martha, Pippa, Dan and the rest of us.

Related services

Most LLPs need more than their annual accounts. These services often go hand in hand:

See all our services or get in touch to talk about your LLP.

Questions about limited liability accounts

What does an LLP have to file each year?

An LLP files annual accounts and a confirmation statement with Companies House, and a partnership tax return with HMRC. Each member also completes their own self assessment tax return. We can look after all of these for you.

Does an LLP pay corporation tax?

Usually not. An LLP is normally treated as a partnership for tax, so the profits are shared out and each member pays income tax and National Insurance on their share through self assessment.

Can you do the members' personal tax returns too?

Yes. We offer self assessment as well, so we can prepare each member's return alongside the LLP's accounts. Keeping it all with one firm means the figures match up.

How much will it cost?

We charge fixed fees or monthly packages, and we'll agree the fee with you before any work starts. The best way to find out is a free first chat about your LLP.

Do you work with LLPs in Manchester?

Yes. We're an independent firm based in Manchester and we'd be glad to hear from LLPs and other businesses in the city.

Can you help us pay less tax?

We know HMRC's rules well and look at every part of your finances for legitimate savings, from allowable expenses to how profits are shared between members.

Let's get your LLP accounts sorted

Start with a free first chat. We'll explain what's needed, agree a fixed fee and take it from there, all in plain English.