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Partnership Tax Return

Get assistance in lodging your Partnership Tax Return quick and easy online.

Our team is ready to help you prepare, lodge and get up to date with all your partnership tax obligations.

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Lodging Your Partnership Tax Return Online

A Partnership is required to lodge an annual Partnership tax return with the Australian Taxation Office (ATO).

The partnership tax return will report to the ATO the business income and expenses, and also, the financial position.

The Net Income (revenue less expenses) of the Partnership will be distributed between the partners based on the legal document call the partnership agreement.

Partnership Tax Returns are processed within 10 business days by expert accountants who leverage online technology.

The team liaise with the ATO on your behalf and ensure a seamless process.

Affordable

Partnership Tax returns start from the low price of $500 + gst

Expert Accountants

The team are experts in tax minimisation and partnership tax returns.

Friendly & Professional

Receive communication on complex matters in simple and effective language.

Lodge Online

Lodge your returns in a fast and efficient manner whilst enjoying the benefits of cloud accounting.

Tax Return Pricing

Individuals

$150

Personal Tax Return starting from $150

Revenue <50k

$500

For companies, partnerships & trusts generating less than $50,000 per financial year

Revenue 50k-300k

$1,000

For companies, partnerships & trusts generating between $50,000 to $300,000 per financial year

Revenue >300k

$1,500

For companies, partnerships & trusts generating more than $300,000 per financial year

Free up your time with
POP Business

Book your tax consultation with your tax accountant at here in Sydney today. Speak with a qualified accountant to find out how our range of accounting services can help you achieve your goals.

Why POP Business works
for so many small businesses

POP Business is so successful at delivering awesome results for small businesses because of a combination of four things:

1. Qualified Chartered Accountants

2. Cloud-based software and technology

3. Savvy and streamlined processes

4. Exceptional customer service

STEP 1
You have a business tax or accounting need
STEP 1
STEP 2
Contact our friendly team and we’ll provide a quote here
STEP 2
STEP 3
Whatever the problem, POP Business will help you get on top of it
STEP 3
STEP 4
Cue a sigh of relief and get back to focusing on the important stuff (i.e. your business)
STEP 4
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By saving time and money, and preserving your peace of mind, you’ll be free to focus on the really important stuff. Namely, running your business successfully.

When you use POP Business for your business, you can count on:

Peace of mind

It’s a good feeling to know there’s a crack team of specialist tax business accountants who have your back.

Expert, actionable advice

Our award-winning team of accountants can answer any question you have and advise you of your best strategy.

Fast response-time

POP Business don’t muck around – if you contact us with a query, we get back to you pronto.

Whatever your tax needs, our team of experienced POP Business Accountants have got you covered.

Perhaps your small business is behind on your annual tax obligations?

Maybe you’d like to know if there’s other smart ways you can minimise your tax?

Or, it could be you’re looking for expert advice on how to growth-hack your business.

Good news. POP Business are the pros at all three. Tax shouldn’t have to be so… well, taxing. Drop us a line and you’ll never look back.

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Wendy Yong
Accountant
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Sidney Cachuela
Business Consultant
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Patrick Sargent
Chartered Accountant
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Partnership Tax Return

Partnership Tax Return: Frequently asked questions

The partnership doesn’t pay income tax on the profit it earns – each partner reports their share of the partnership income and pays tax accordingly at the individual tax rate to lodge the tax return.

If you lodge the partnership tax return yourself, it is due by 31 October. 

If you lodge through a registered tax agent like POP Business, your due date will generally be between March to May. Please get in touch for the exact due date.

As an individual partner, you should report on your individual tax return;

  • your share of any partnership net income or loss.
  • any other assessable income, such as salary and wages (shown on a payment summary), dividends and rental income.

You can lodge your parternship tax return: 

  • Using standard business reporting (SBR) enabled software, which is a standard approach to online or digital record-keeping to simplify business reporting obligations. You can prepare and lodge reports to the ATO directly from your SBR-enabled business software.
  • With a registered tax agent like POP Business
  • By paper – Download a PDF of trust tax return on ATO website and fill out this form. Then mail this form to the provided address

Possible expenses you can claim include:

  • Office Costs 
  • Travel Costs
  • Subsistence
  • Clothing
  • Staff Costs
  • Costs of Sale
  • Legal and Financial Costs
  • Marketing and Entertainment Costs

Partnership tax returns start at a low $500. 

Pricing will increase based on the size and complexity of your business. Our pricing is all competitive and have been priced to be an affordable option for small businesses.

The turnaround time will usually be within 10 business days. 

We communicate through email and phone mostly. 

You can provide user access to your online accounting software so we can get the required business transactions for the tax lodgement.

We are located in Chippendale, Sydney.

All our professional accountants are located within Australia and your work is not outsourced overseas. We ensure a high quality is maintained throughout the process.

Our passion is helping people
build their dream business

Need help? Call and speak to one of our expert accountants for free at 1300 180 630

Let the small business experts get your tax and accounting on the fast track to success. The team are ready to clarify and advise on your next steps to get peace of mind on your business.