How Does Tax Work in a Partnership?

how does tax work in a partnership

Once you’ve decided to set up a partnership, then next question that often plays on peoples mind is ‘how does tax work’? If this question is at the top of your worry list, then this guide is for you. Here’s you’ll discover more about tax for partnerships, how you report earnings, how much you’ll pay and where you can find more reading on legally reducing your tax bill.

Do I Have to Register My Side Hustle as a Business?

Are you lying awake at night worried the tax-man is lurking around the corner because you should have registered your side hustle as a business? Well, worry no more! In this guide, I’ll show you the rules you need to know about registering a business, what it means for your taxes, tax code and what you need to do next.

HMRC Badges of Trade

what are the badges of trader

The badges of trade is a test sometimes used by HMRC to determine whether a person is in business or has a hobby. Here are each of the badges

When To Register as Self-Employed

when to register as self employed (homepage)

Worried you’ve been running your business illegally? Here are the rules on registering as self-employed (or a sole trader), the deadline and whether you need to do it straight away.

SIC Codes Explained

sic codes explained

Find out how SIC codes work, why Companies House use them and how you can find out the right SIC code for your Limited Company

How to Register as Self Employed with HMRC

register as self-employed

Ready to make things official and register as self-employed? Then this guide is for you! It includes the 5 steps you need to take to apply to HMRC and what happens once your application has been submitted.

How to Set Up a Partnership with HMRC

how to register a partnership

A step-by-step guide to registering a Partnership with HMRC, the role of a nominated partner and the registrations requirements for individual partners.