Within a partnership, the profits are shared amongst the partners and they are personally responsible for paying income tax on their share of them. Partners must include details of any profits they get from the partnership on their personal tax return each year.
The range of TaxCalc Business Products offers a breadth of choice and permutation of product to ensure that Partnerships choose the right product for their needs.
For those partners who are also Trustees, Partnership Duo 12 Trust can be used to prepare any type of trust tax return and TaxCalc will calculate any tax due and allow you to file the return online or by printing an HMRC approved return.
For TaxCalc to run efficiently, please make sure you have the following Minimum System Specifications on your PC:
Operating Systems:
- Windows 98SE
- Windows ME
- Windows NT4
- Windows 2000
- Windows XP
- Windows Vista
- Windows 7
We advise that all appropriate Windows Updates are applied to your operating system.
Please go to http://windowsupdate.microsoft.com for details.
You will need:
- Pentium II Processor (or compatible) with 450 MHz (or an 800MHz processor if running Windows Vista or Windows 7)
Memory Requirements:
- 128 MB of RAM for Windows 98SE or ME
- 256 MB of RAM for Windows 2000 or XP
- 512 MB of RAM for Windows Vista or 7
Display Requirements:
- 1024×768 or higher with 256 colours (or higher)
Disk Space:
Programs:
- Internet Explorer 6 or higher (Internet Explorer 8 recomended)
- Adobe Reader or Acrobat if you want to create a printable pdf document.
Adobe Reader 9 is the latest and recommended version,
click here to download for free.
You will also need:
- Inkjet Printer or Laser Printer if you want to file your return by post
- Internet Connection to run live TaxCalc Updates and to file your tax return on line.
Please be aware:
This is the Minimum system requirements for Taxcalc to run. Depending on other applications you are running and other unknown factors you may be required to have higher specification hardware than is detailed here (e.g. more RAM) to give you a more enjoyable experience of Taxcalc.
Other Operating Systems:
We do have some customers that run Windows emulation software to enable the use of Taxcalc on other Operating Systems (e.g. Mac OS). Although we have had some positive feedback on this we do not officially support the use of TaxCalc on Non-Windows Operating Systems at this time.