Partnership Tax Returns
💲 From $300 + GST See pricing
A partnership lodges its own tax return, and each partner reports their share of the profit or loss. UV TAX prepares both together so everything matches and nothing is missed.
✓ Free consultation✓ Free fixed-fee quote✓ Partnership & partner returns
What’s included
Partnership return
Income, expenses and net profit or loss reported correctly.
Partner distributions
Each partner’s share calculated in line with your partnership agreement.
Partners’ individual returns
We can prepare each partner’s individual return at the same time.
Learn more →Financial statements
Profit and loss and balance sheet for the partnership.
BAS & GST
Quarterly or monthly BAS lodged for the partnership.
Learn more →Structure advice
Guidance if a company or trust would now suit you better.
How partnership income is taxed
The partnership itself doesn’t pay income tax. Instead, each partner pays tax on their share of the net partnership income at their own tax rate. Getting the split and the paperwork right is essential.
Keeping your partnership on track
Partnerships work best with clear records and a written agreement on how profits are shared. We prepare the partnership accounts, calculate each partner’s share in line with your agreement and make sure everyone’s individual return matches.
As your business grows, we review whether a company or trust structure would give better protection and tax outcomes.
Why choose UV TAX
- Offices in Truganina and Point Cook, plus phone and online meetings Australia-wide
- Rated 5.0 by our clients on Google
- Registered tax agent with a Xero certified team
- Free consultation and a free fixed-fee quote before any work starts
- Plain-English advice and fast turnaround
How it works
Free consultation
Call 0466 268 405 and tell us what you need. No cost, no obligation.
Free fixed quote
We give you a clear, fixed-fee quote before any work starts.
We do the work
Our team prepares everything and keeps you updated along the way.
Lodged & done
We finalise and lodge on time, and explain the outcome in plain English.
Book a free consultation & get a free fixed quote
Speak with UV TAX today. Call us for a free consultation and a free, no-obligation fixed quote.
0466 268 405Frequently asked questions
Does a partnership pay tax?
Generally no. The partnership lodges a return, but each partner pays tax on their share of the net income in their own tax return.
Can you do all partners’ returns?
Yes. We can prepare the partnership return and each partner’s individual return together.
How much does it cost?
Call 0466 268 405 for a free consultation and a free fixed-fee quote.