The partnership enables you with a new horizon of business by inputs of multiple alike business minds. This may arise tax complications because the ATO (Australian Taxation Office) has made it clear that each of the partners requires to have its own TFN (Tax File Number) and ABN (Australian Business Number). 

Our expert team will provide you services regarding Partnership Agreements, Dispute settlement, tax calculation of individual partners, etc. In partnership, partners individual tax return is comprised of both individual and partnership taxes. You will also require to assess the withholding income tax of your employees. 

As per ATO, if someone is a partner and PAYG installments payer, they may receive more than one BAS. Our expert will help you navigate such situations by assessing income from a partnership, calculating tax amount, and also assisting in preparing the submission.