For partners and LLP members
Equity partners. Fixed-share members. Salaried partners on the FA 2014 border. The work splits between annual SA filing, quarterly drawings reconciliation, and the structural decisions that recur once or twice a partnership lifetime. We do all three.
The questions and concerns that come up most often in a first conversation.
The FA 2014 Salaried Member Rules apply Conditions A (disguised salary ≥80% of reward), B (limited LLP influence), and C (capital contribution <25% of disguised salary). If all three are met, PAYE applies on your drawings. Most fixed-share partners pass; some don't. We audit quarterly so the position never drifts.
Driven by the LLP agreement, the bank funding, and the FA 2014 audit. Going under 25% of your disguised salary triggers Condition C; going over substantially ties up cash that may earn more elsewhere. We help calibrate to the FA 2014 line and the firm's working capital needs.
BADR pre-sale planning starts 24 months out. The rate rises from 14% to 18% on 6 April 2026 — a £40,000 swing per £1m of qualifying gain. If your exit horizon spans that date, the timing decision matters. We model both sides.
Yes, and the relief comes at your marginal rate via self-assessment. Personal pension contributions for partners are not 'employer contributions' (the firm doesn't pay them — you do, personally). Annual allowance applies, tapered for high earners. We sequence contributions for the optimum claim.
Property income (Section 24 mortgage interest restriction etc.) reports separately on your self-assessment but the rates interact: a high partnership profit share pushes property income further into higher / additional rate. We handle both on one return with the interactions modelled.
Admitting a new equity partner triggers a capital allocation, a profit-share reallocation, and (for the new partner) a likely qualifying loan interest relief claim. The LLP agreement governs the mechanics; we handle the tax flow-through for all existing partners.
Annual SA filing with your share of partnership profit, plus quarterly reconciliation of drawings against allocated profit so you see your tax-liability accrual as the year progresses. Tracks personal pension contributions, qualifying loan interest, charitable gift aid, and any other reliefs.
Each salaried or fixed-share partner reviewed against Conditions A, B, and C. Output is a quarterly memo confirming partner-tax treatment continues, or flagging the trigger requiring PAYE switch. Catches drift early.
18-24 month engagement for partners approaching exit. Confirms BADR eligibility, models the rate-change timing (14% in 2025/26 vs 18% from 6 April 2026), and co-ordinates with the firm's overall sale planning.
Annual allowance modelling including the high-earner taper. Optimum contribution timing across the year. Carry-forward of unused allowance from the three prior years.
Qualifying loan interest relief documentation. Bank financing co-ordination for new partners buying in. Existing partners' capital account reconciliation when the partnership reorganises.
Free 10-minute practice health check
30-minute scoping call. We confirm scope (FA 2014 audit, SA filing, pre-sale planning) and quote a fixed annual fee.
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