Partnership Tax Return Services

We are ready to help you prepare, lodge and get up to date with all your partnership tax obligations.

Lodge your partnership tax return online quickly and easily with POP Business.

In partnerships, two or more individuals join forces to run a business. Unlike companies, partnerships aren’t separate legal entities, which significantly impacts how they’re taxed.
Here’s how partnership taxation works:
  • No Direct Partnership Tax: Partnerships don’t pay income tax themselves. Instead, profits flow to individual partners, who then must report their share on personal tax returns.
  • Annual ATO Lodgement: While partnerships don’t incur tax, they must lodge an annual return with the ATO detailing income and deductions.
  • Income Distribution: Profits and losses are allocated based on the partnership agreement. If there’s no agreement, profits are typically split equally.
  • GST Obligations: According to Australian regulations, partnerships must register for GST if annual turnover exceeds $75,000.

Why Choose POP Business 
Partnership Tax Returns Services

Experience tailored financial strategies that anticipate your needs, ensuring your business thrives with expert, one-on-one advice from our seasoned Chartered Accountants.

Grow without limits with our adaptable accounting services, designed to evolve with your business, providing cost-effective, comprehensive financial management at every stage.

Enjoy peace of mind with our clear, upfront pricing, ensuring no surprises, just straightforward, value-packed service for your tax and accounting needs.

Access instant, expert accounting support anytime, ensuring your business decisions are always backed by professional insight, minimising risks and maximising opportunities.

Transform chaos into clarity with our systematic approach, keeping your finances in impeccable order, freeing you to focus on what you do best.

Leverage AI and cutting-edge technology and creative strategies to stay ahead, offering you bespoke solutions that not only solve but innovate beyond traditional accounting practices.

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Our Process For Partnership Tax Returns Services

POP Business offers expert partnership tax return services in Australia. We simplify the process, ensure accuracy, and help partners maximise their deductions while staying compliant with ATO regulations.
01

Initial Consultation

We start with an in-depth consultation to understand your business, goals, and challenges, ensuring we tailor our approach to meet your specific needs.
02

Strategic Planning

Based on our assessment, we develop a customised strategy that aligns with your business objectives, focusing on growth, profitability, and long-term success.
03

Implementation Support

Our team assists in implementing the strategy, offering guidance on key decisions and setting up processes to drive improvements.
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What did our clients say?

"Excellent service and execution. I have reached out to POP for help in preparation of company tax return and have been served with a variety of well tailored options along with great and patient customer service executed by Patricia. I will definitely remember to return to POP in the coming years."

Maciej Necki

"The team at POP Business have been amazing for Sprintlaw. We have received high-impact and high-quality strategic counsel and tax accounting service from them. They represent truly modern-day accountancy at its finest."

"POP Business was the perfect accounting partner for Quicka when it came to finding an accounting firm. As a new and growing business, they took the time to really understand our business model. Highly recommend them for new and growing businesses."

Frequently Asked Questions

A partnership income tax return informs the tax authority of your partnership’s net income – which is its assessable income less allowable deductions and expenses. It’s required to be lodged if you carry on a business jointly with someone else.

Our partnership tax returns start at $1,210, including GST.

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

There’s no formal partnership tax rate set; in partnerships, profits are distributed to each partner in accordance with a partnership agreement. Each partner then separately reports their share of partnership profits on their individual tax return and pays tax at their individual tax rate.

There are some deductions that can be claimed without receipts.

For deductions that require substantiation, registered tax agents such as POP Business can work with you to figure out whether there may be alternative ways to evidence those items.

You could be given a failure to lodge a time penalty. For a small entity, the penalty is one penalty unit (currently $222) for every 28 days, and the return is outstanding up to a maximum of five penalty units.

If you receive a penalty notice, a registered agent such as POP Business can request remission either in full or in part on your behalf if there are mitigating circumstances.


A registered tax agent such as POP Business can help you:

  • Identify what should be included on the partnership tax return
  • Understand how to fill out partnership tax returns correctly
  • Ensure lodgement by the partnership tax return due date

Maximise your tax refund by identifying deductions and business reliefs you’re legally entitled to

Our professionals can explain how to do a partnership tax return using relevant partnership tax return examples and through plain language without technical jargon.

A family partnership occurs when two or more partners are related. There are record-keeping requirements in relation to family partnerships for tax return purposes.

You must document the family relationship of the partners and, in a husband and wife partnership, the nature and extent of services provided by each person.

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Schedule a free consult to learn about the POP difference.

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