Partnership Tax Return Services

If you operate a business under a partnership structure, you’re required to prepare financial statements and lodge a Partnership Tax Return each year. While the partnership itself doesn’t pay tax, it must report its income, expenses, and profit split between partners. At Trident Accounting, we prepare and lodge complete partnership tax returns — accurately, on time, and fully ATO-compliant.

Based in Miranda in the Sutherland Shire, we support local businesses as well as clients across NSW and Australia with their partnership compliance and advisory needs.

What’s Included

  • Preparation of Partnership Tax Return (Form P)
  • Profit & Loss Statement and Balance Sheet
  • ATO lodgement via tax agent portal
  • Calculation of partner profit shares and distributions
  • Linking with each partner’s individual tax return
  • Optional: GST reconciliation and BAS reporting

We also provide advice on record keeping, tax planning, and whether a partnership is still the right structure for your business.

More info from the ATO: ATO – Partnerships Explained

Who This Is For

  • Husband and wife partnerships
  • Friends or colleagues operating a joint venture
  • Family businesses trading under a partnership ABN
  • Professionals or contractors working together under a shared name
  • Partnerships in Miranda, Caringbah, Gymea, and beyond

We’ve helped many small business owners restructure into companies or trusts as they grow. Ask us if you’re unsure whether to stick with your current setup.

Pricing

  • Standard Partnership Return: From $620
  • With GST/BAS or multiple partners: From $750+

We’ll confirm a fixed price based on your bookkeeping, number of partners, and GST obligations.

View our pricing page for more details.

Need Help With Your Bookkeeping?

If your records aren’t up to date, we can assist with data entry, bank reconciliations, and quarterly BAS lodgements to get everything ready for year-end. We work with Xero, QuickBooks, MYOB, and Excel spreadsheets.

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Let’s Get Your Partnership Return Lodged

Whether this is your first year trading as a partnership or you're catching up on overdue returns, Trident Accounting can take care of the lot — tax returns, financials, and individual partner distributions included.

📧 Book now
📞 Call (02) 9525 2354 to speak with an accountant