Partnership Accountant, Torbay
Your partnership accounts, done properly.
Running a business with a partner means a shared SA800 return, individual Self Assessment for each partner, and profit-sharing records that HMRC can actually follow. Fixed monthly fees, ACCA-qualified advice, and questions answered the day you ask them.
- SA800 partnership return filed accurately and on time
- Profit-sharing records kept clean and HMRC-ready
- Each partner’s Self Assessment handled without the scramble
- Plain-English explanations of what each partner owes and when
No long-term contract. If it is not working after three months, you leave with clean books and nothing owed.
Get a free quote
Fixed pricing. Same-day reply.
What our clients say
★★★★★
Fast Turnaround, Nothing Cut
“He understood exactly what the lender required, turned everything around very quickly without cutting corners.”
★★★★★
Professional, Clear, No Surprises
“Professional service. This company does my accounts every year and i never have to worry about it.”
★★★★★
Saved Money on Legitimate Expenses
“His knowledge in tax law and what can be used for expenses really helped with saving money where I could.”
★★★★★
Explained Everything Clearly
“Daniel was very helpful and patient with me when I had no clue what to do and spoke through everything with me and made it clear.”
Sound familiar?
Partnership admin that nobody actually agreed to handle.
When you went into business with someone, the split of responsibilities probably felt straightforward. The accounting rarely stays that way. An SA800 needs filing for the partnership itself. Each partner then needs their own Self Assessment. Profit-sharing ratios need to be documented correctly or HMRC will have questions. And none of that waits for you to get round to it.
- SA800 deadline missed because neither partner thought it was their job
- Profit-sharing records kept informally, with nothing HMRC would accept
- Each partner filing their own Self Assessment late, or not at all
What sorted partnership accounts look like
One accountant handles the whole picture — the partnership return, the individual partner returns, and the bookkeeping that keeps all of it coherent. Deadlines are tracked. Records are maintained. Nobody is left guessing what they owe.
- SA800 filed on time, every year, without chasing either partner for paperwork
- Profit-sharing ratios documented clearly and held on file for reference
- Each partner’s Self Assessment prepared and filed as part of the same process
- Fixed monthly fee agreed upfront — no surprise bills when deadlines arrive
What Torbay clients say about working with us
Partnerships, sole traders and limited companies across Torbay and Devon. Different structures, the same experience: compliance handled, questions answered, no waiting.
I worked with Daniel at DG Accountancy to review and sign off my sole trader accounts for a time-sensitive mortgage application, and the service was excellent. Daniel was extremely responsive, clear, and professional throughout. He understood exactly what the lender required, turned everything around very quickly without cutting corners. Communication was straightforward and reassuring, which made a potentially stressful part of the mortgage process much easier. Fees were transparent, turnaround was fast, and the work was done thoroughly and accurately. I wouldn’t hesitate to recommend Daniel to anyone needing reliable accountancy support, particularly where deadlines really matter.
Absolutely recommend Daniel for all and any accounts related matter. Would use his expertise again. He is the most amazing person, very professional, explaining every detail meticulously in order to finalise our accounts. A huge thank you Daniel.
Partnership accounting, covered end to end
Partnership compliance has more moving parts than most clients expect. Here is what is included in a fixed monthly fee for Torbay partnerships.
Partnership Return and Tax Filing
The SA800 partnership tax return is filed accurately and on time, covering the partnership’s income, expenses and profit allocation. Each partner receives their share of profit confirmed in writing, ready for their own return. No last-minute scrambles and no ambiguity about what goes where.
Included as standardPartner Self Assessment Returns
Each partner’s personal SA100 return is prepared as part of the same process, so nothing falls through the gap between the partnership filing and individual obligations. Tax bills are calculated well before the January deadline, giving both partners time to plan rather than react. You will know the number before HMRC tells you.
Included as standardBookkeeping and Cloud Records
Monthly bookkeeping in Xero keeps the partnership’s records current, MTD-ready and in good order throughout the year. Shared income, expenses, drawings and any VAT obligations are tracked consistently. Year-end is a formality rather than a reconstruction exercise.
Included as standardRated 5.0 on Google across all client types
Every review is from a real client. Different industries, different structures — the feedback across all of them covers the same ground: fast, clear, reliable.
Quick, Efficient, Friendly From Start to Finish
“Excellent service providing financial accounts for probate. Quick, efficient and friendly. Would highly recommend.”
Fantastic Service, No Qualification Needed
“Fantastic service provided. Thank you.”
Rates Extremely Good, More For Your Money
“His rates are extremely good compared to some other accountants out there and I get more for my money.”
Why Torbay partnerships work with us
There are plenty of accountants who will file your return. Fewer will make sure the whole structure is set up sensibly before they do.
The Whole Partnership, Not Half
Many partnerships end up with one partner handling the accountant relationship and the other slightly in the dark. Daniel works with the partnership as a unit, ensuring both partners understand the numbers, the obligations and the tax position. Nobody is left decoding a document they did not commission.
Profit Splits That Hold Up
Informal profit-sharing arrangements are fine between partners until HMRC asks a question. Daniel documents profit allocation correctly from the outset, cross-references it with the partnership agreement where one exists, and flags any structural issues before they become disputes. Which is, frankly, easier than sorting them out afterwards.
Questions Answered the Same Day
Partnership accounting generates questions throughout the year — a new partner joining, drawings changing, a VAT threshold approaching. DG Accountancy is known for fast replies because unanswered questions have a habit of becoming expensive delays. You will not be waiting days for a straightforward answer.
Up and running in four steps.
Most partnerships are fully onboarded within a week. Here is what the process looks like from your side.
Book a free discovery call
A short conversation about the partnership structure, how long you have been trading, and what the current records look like. No sales pitch — just a straightforward assessment of what you need and whether it is a good fit.
Get your fixed-fee quote
A written quote covering the SA800, individual partner returns, bookkeeping and any VAT obligations. Everything is agreed upfront and itemised clearly. No ambiguity about what is included and what would be an add-on.
Onboarding and Xero setup
Xero is set up for the partnership, bank feeds are connected, and any catch-up bookkeeping is scoped and priced separately if needed. Most partnerships are fully onboarded within a week of signing.
Compliance runs, you get on with it
Returns are filed on time, records stay current, and both partners get plain-English updates on where the business stands. The parts of running a partnership that nobody enjoys are handled — which is precisely what an accountant is for.
“Daniel was very helpful and patient with me when I had no clue what to do and spoke through everything with me and made it clear, couldn’t recommend him enough, thank you again.”
Common questions about partnership accounts
Does a business partnership need its own tax return as well as the partners’ individual ones?
Yes. The partnership itself must file an SA800 partnership return each year, showing the total income, expenses and how profit is split between partners. Each partner then includes their share of the partnership profit on their own SA100 Self Assessment return. The two filings are separate but directly connected — the figures on the SA800 feed into each partner’s individual return. Getting one wrong typically means revisiting both.
What does it actually cost to have a partnership’s accounts handled?
Pricing depends on the number of partners, the volume of transactions and which services are needed — bookkeeping, VAT, payroll and individual partner returns all have different inputs. All fees are fixed monthly amounts agreed in writing before any work starts. You will receive an itemised quote after a short discovery call, and nothing is added without your agreement.
The partnership books are a bit behind. Is that a problem?
Not an insurmountable one. Catch-up bookkeeping is common, particularly for partnerships that have been handling their own records informally. The cost of bringing books up to date is assessed and quoted separately from the ongoing monthly fee, so you know exactly what the reconstruction work involves before committing. Most partnerships are fully current within a few weeks of onboarding.
Is there a long-term contract or a minimum term?
No long-term contract and no lock-in. Monthly fees are agreed upfront, and you can leave with reasonable notice. If you do leave, your records, filed returns and Xero access are handed over cleanly. The goal is to make the service worth staying for, not to make leaving difficult.
What happens when one partner leaves or a new partner joins mid-year?
Mid-year changes to a partnership are common and manageable if the records are in order. Profit allocation is adjusted from the date of the change, the outgoing partner’s Self Assessment reflects only the period they were active, and any changes to the profit-sharing ratio are documented correctly. It is considerably less complicated when the books are current throughout the year rather than reconstructed at year-end.
Can the partnership structure itself be reviewed for tax efficiency?
Yes. Profit-sharing ratios, drawings, pension contributions and the question of whether incorporation makes sense at a given turnover level are all worth revisiting periodically. Daniel reviews the structure as part of the ongoing relationship and will flag when a different arrangement would leave more money in the right hands — not just at year-end but when circumstances change.
Partnership accounts handled, properly this time.
Fixed monthly fee, ACCA-qualified accountant, plain-English explanations. SA800, partner Self Assessment returns and cloud bookkeeping — all covered, all agreed upfront.