It is important to file a partnership’s tax return correctly, otherwise, you can fall out of compliance with HMRC and lose out on allowable deductions. For fast and hassle-free tax returns, business owners should avoid these common mistakes, which can save time, stress and penalties. If you’re looking for a partnership tax return, you’ve come to the right place. In this article, we discuss 7 common mistakes and how to avoid them when filing a partnership tax return so that you amend it efficiently. You can safeguard the cash flow of your partnership while ensuring smooth functioning and timely delivery of services by knowing these issues. Mistake 1: Failing to Have the Individual Partner Returns Partners share profit of a partnership. Therefore, partners send each their own ‘self-assessment’ tax return.…