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LLP funding launched to address sudden capital demand

Accountancy Age

AN LLP FUNDING facility is to be launched to help address the sudden need for capital from salaried partners at accountancy firms, due to new requirements placed on LLPs by HM Revenue & Customs. The rules have been tightened around LLPs, which have made it more onerous for partners to retain their status. A three-point check will be introduced from April, which, if partners fail to meet, will see them taxed as an…

Read more here: Accountancy Age

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