0800 140 4644
Clubs and Societies
If you manage the finances of a small club or society, you might occasionally need some assistance and guidance. Black and White Accounting are available to assist. Our professional accounting for clubs and societies services are here to assist you to stay on top of your budgets, managing your cash for activities, and managing your receipts and payments for the accounting for your club or society.
What taxes do partners pay
Partners pay three different taxes to HMRC based upon their share of profits:
- Income tax – based upon a percentage of how much your share of the profit is;
- Class 2 National Insurance contributions – a fixed fee each week; and
- Class 4 National Insurance contributions – also based upon a percentage of how much your share of the profit is.
Partnerships are not liable to any profit-based taxation themselves although they may be liable for other forms of tax which we cover below.
Tools and resourcesConfused?
We understand that for many businesses having to grapple with accountancy, bookkeeping and finances can be a real headache, forcing your focus away from your passion. With over twenty years of experience together our dedicated team of industry professionals is happy to help clear things up.
CONTACT US
Get in touch
We’re all about making things as clear and as simple as possible – get in touch and find out how you can make a Black And White difference to your business accounting and finances.
Get in touch with us using the contact form below, tell us a little about yourself and put your mind at ease.
Contact Information
Our friendly team is on hand to answer any of your queries. We will contact you within 24 hours to discuss your requirements and give an indication of pricing. Alternatively, you can contact us via phone or email using the details provided below:
FIND US ON
Find your nearest office
INSIGHTS
Unearth useful news & insights for your business
We believe that information about how businesses can operate smoothly and efficiently as they can, should be available to everyone – our insights are here to help you succeed.
LATEST INSIGHTS
-
Can I Put My Garden Office Through My Business? Here’s What You Need to Know!
With the rise of home working (especially during and after COVID), many UK business owners, freelancers, and remote workers are eyeing up their garden as the perfect spot for a dedicated home office. But the big question is: Can you put your garden office through your business and claim it as a business expense? This…
-
Mythbusters: Crypto Gains is Tax-Free – The HMRC Crackdown You Need to Know About
Welcome back to our Mythbusters blog series, where we bust financial myths that could land you in serious trouble with HMRC. At Black & White Accounting, we stay ahead of financial trends so you don’t get caught out—and today, we’re tackling one of the biggest misconceptions in the world of digital finance: “Crypto gains are…
-
Should My Business Become a B-Corp?
You’ve probably heard the term “B-Corp” buzzing around the business world lately. But what exactly is it, and is it something your business should consider? As your trusted accountants who guide startups, fast-growing companies, and mature businesses through their financial journeys, we’re here to break it all down for you. What Is a B-Corp? A…
STAY UP TO DATE
Newsletter Sign Up
Stay up to date with the latest news and updates from Black & White Chartered Certified Accountants