Partnership Tax Return Online
Taxopia is the Home of Cheap Partnership Tax Return Online
Why choose us?
Taxopia is Australian owned and based in Melbourne.
Taxopia is Australian owned and based in Melbourne. We use state of the art solutions to ensure your sensitive company or trust tax information are kept safe and confidential.
- We minimise other costs through streamlined work procedures allowing us to provide you with cheap company tax returns. Rest assured, at Taxopia cheap does not equate to low service or less qualified business tax accountants.
- We can complete and lodge all of your annual business accounting and business tax return reporting and even offer quarterly BAS solutions as well.
- Our extensive expertise allows us to provide more complex business tax advice for your company or trust if required.
Available plans to choose from
Full Service Packages
Covering bookkeeping, payroll, BAS, and more, our expert accountants are here to help your business thrive.
Annual Tax Lodgement Packages
We handle tax planning, preparation, and lodgment, ensuring compliance and minimising tax liabilities.
Unsure which package to choose?
Fill out the form, and we’ll contact you to recommend the best solution for your business needs.
Please note that ALL our plans exclude the following:
- Capital Gains Tax events
- Share Trading activities
- Fixing Bookkeeping errors
- Fixing GST errors
- Partnerships that have carried forward losses in excess of $100,000.
- Partnerships that have Director(s) or Shareholder(s) loans owing to the company. (Division 7a)
If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.
Additional Information:
EASY 3-STEP PROCESS
Fill up the form
Enter your partnership’s key financial information into our easy-to-use online form — it’s quick and straightforward.
We prepare your partnership tax return
Our experienced tax accountants review your details, prepare the partnership financial statements and tax return, and ensure everything is fully compliant.
You approve, and we lodge it
After your approval, we lodge the partnership tax return with the ATO and email you a copy for your records.
Partnerships
A partnership is a business structure involving two or more people who distribute income or losses between themselves.
Three main types of partnerships:
General partnership (GP)
The most common type, where all partners are equally share management responsibilities of the business, and each has unlimited liability for the debts and obligations it may incur.Limited partnership (LP)
Similiar to that of a general partnership, but with limited partnerships, a partner’s liability is limited to the amount of money they have invested to the partnership. Limited partners are usually passive investors who don’t play any role in the day-to-day management of the business.
Incorporated Limited Partnership (ILP)
Partners in an ILP can have limited liability for the debts of the business. However under an ILP there must be at least one general partner with unlimited liability. If the business cannot meet its obligations, the general partner (or partners) become personally liable for the shortfall.
Partnership Tax requirements
A partnership doesn’t pay tax on its income. Instead, each partner pays tax on their share of the partnership’s net income. Partners may also be required to pay PAYG instalments, in the same way as a sole trader. Individual tax rates apply to a partner who is an individual (a person). They do not apply to a company or trust. Therefore, a formal partnership agreement is an important tax document if profits and losses are not distributed equally amongst the partners.
Individual states and territories govern partnership laws.
Click below for your governing state or territory (links will open in a new window).
- ACT – Partnership Act 1963
- NSW – Partnership Act 1892
- NT – Partnership Act 1997
- QLD – Partnership Act 1891
- SA – Partnership Act 1891
- TAS – Partnership Act 1891
- VIC – Partnership Act 1958
- WA – Partnership Act 1895