Partnership Tax Return Services – Newcastle, NSW

Need Help Lodging Your Partnership Tax Return?

Running a business as a partnership means more than just splitting income. You’ll need to:

Lodge an annual Partnership Tax Return (Form P)
Allocate income, expenses and profits between partners
Ensure ATO compliance and recordkeeping

At Bottrell Accountants Newcastle, we support partnerships across all industries — from trades and consultants to retail, professional services and medical practices.

📌 We take care of the paperwork, so you can focus on your business.

What’s Involved in a Partnership Tax Return?

Annual Form P lodgement to the ATO

Calculation of net income or loss

Split of profits/losses to each partner

Preparation of individual tax returns (for each partner, if required)

BAS & GST obligations (if registered)

PAYG instalment and withholding (if applicable)

Partnership structure review & setup support

Year-end financial statements

ABN and TFN maintenance

The partnership doesn’t pay tax — but each partner is taxed on their share of the income.

Who We Help

✔ New partnerships just starting out
✔ Husband/wife or family-run businesses
✔ Trades & building partnerships
✔ Allied health or medical clinics
✔ Professional firms (legal, finance, marketing)
✔ Freelancers, consultants & creatives
✔ Partnerships with employees or subcontractors
✔ Multi-entity family business groups

Why Choose Bottrell

✔ Newcastle-based business tax specialists
✔ 20+ years experience with small business partnerships
✔ Chartered Accountants, CPAs & Registered Tax Agents
✔ Fixed-fee packages available
✔ Advice on profit splitting, PAYG, GST and ATO requirements
✔ In-house tax planning, structuring, payroll & bookkeeping
✔ Annual reviews to help you grow and stay compliant

📌 We simplify the compliance side of your partnership — and give proactive tax guidance year-round.

Partnership Support Beyond Tax

Business advisory & growth planning

Partnership agreements – referrals to local legal contacts

Cash flow & budgeting assistance

Bookkeeping (Xero, MYOB, QuickBooks)

Payroll processing & STP reporting

Transition to company or trust (if you outgrow partnership structure)

We’re with you from start-up to scale-up — or restructure.

Newcastle Office Contact

📍 Bottrell Accountants – Newcastle Office
45 Hunter St, Newcastle, NSW, 2300
📞 Phone: (02) 4003 4808
📧 Email: newcastle@bottrellaccounting.com.au
🔗 Visit Our Newcastle Office Info
🕒 Office Hours:
Mon–Fri: 7:30am–5:30pm
Saturday: 9:00am–2:00pm