Limited Time

Company Setup from $399 + ASIC Fees

included

• T&Cs apply

Limited Time

Company Setup + FREE Accounting FY25-26

included

• T&Cs apply

Professional Service

ASIC Agent Services

Professional ASIC Compliance & Lodgement Services

Expert ASIC company administration ensuring your business stays compliant with all Australian corporate regulations. Registered ASIC Agent 44276.
Professional Service

Partnership Accounting

Partnership Tax Return Services for Accurate Filing and ATO Compliance

Nanak Accountants provides professional partnership tax return services to ensure business partnerships meet their ATO reporting obligations accurately and on time. We manage the full partnership tax return filing process, ensuring income, expenses, and profit distributions are correctly reported and allocated to partners. Our approach focuses on accuracy, transparency, and compliance—so partners avoid disputes, penalties, or unexpected tax issues.

Annual

Pricing

What's Included

24–48hr
Response
100%
Compliant
5,000+

Happy Clients

Who Can Benefit?

Who Can Benefit from Partnership Tax Return Services

Business Partnerships

Small and medium partnerships operating across different industries.

Professional Partnerships

Accounting, legal, medical, consulting, and service-based partnerships.

Family Partnerships

Family-run businesses structured as partnerships.

Joint Ventures

Business ventures with shared ownership and profit distribution.

Why Choose Nanak Accountants for Partnership Tax Return Filing

ATO-Compliant Reporting

Accurate Profit Distribution

Reduced Compliance Risk

Clear Partner Statements

End-to-End Support

Details of any proposed company changes

Side hustle entrepreneurs

Import/export businesses

Documents Required for Partnership Tax Return Services

To prepare accurate partnership tax returns, we may require:

Partnership agreement

Financial statements

Asset and depreciation schedules

Bank statements and transaction records

Income and expense documentation

BAS and GST records (if applicable)

Partner details and TFNs

Previous partnership tax returns

Cost of Partnership Tax Return Services

Our fees are transparent and based on the complexity of the partnership. Pricing may depend on:

Our Process
1

Review Partnership Details

We assess partnership structure, agreements, and records.

2

Prepare the Tax Return

We calculate income, expenses, and partner allocations accurately.

3

Lodge with the ATO

We complete partnership tax return filing on time.

4

Support Partners

We assist with partner-level tax reporting and queries.

What Our Partnership Tax Return Services Include

Business Partnership Review

Review of partnership structure and agreement, Verification of profit-sharing ratios, Assessment of income and expenses

Partnership Tax Return Preparation

Preparation of business partnership tax return, Accurate partnership tax return filing, Compliance checks before lodgement

Partner Allocation Support

Distribution statements for partners, Guidance for individual partner tax returns, Clarification of tax obligations

ATO Lodgement and Support

Timely lodgement with the ATO, Amendments if required, Assistance with ATO queries

Frequently Asked Questions
Does a partnership pay tax itself?
No. The partnership lodges a tax return, but tax is paid by individual partners based on their share of income.
Yes. All partnerships must lodge a partnership tax return with the ATO, even if no tax is payable.
Incorrect allocations can lead to partner disputes and ATO amendments. Accurate reporting is essential.
Yes. We handle complex partnership structures with multiple revenue sources.
Yes. Each partner must include their share of partnership income in their individual tax return.
Ready to Get Started?

Book your free 15 mins discovery call today and discover how we can help your business thrive