Accurate, Compliant & ATO-Ready Lodgements
Running a partnership business comes with shared responsibilities — and partnership tax compliance is one of the most critical. At DIA Taxation, we specialise in Partnership Tax Returns, ensuring your partnership meets all ATO requirements, maximises allowable deductions, and distributes income correctly between partners.
Whether you operate a small family partnership, professional services firm, or investment partnership, our experienced accountants make partnership tax simple, accurate, and stress-free.
A Partnership Tax Return (ATO Form P) reports the income, expenses, and net profit or loss of a partnership for a financial year.
Although the partnership itself does not pay tax, it must lodge a return to show:
Total partnership income
Allowable deductions
Net profit or loss
Each partner’s share of income, deductions, and credits
Each partner then reports their share in their individual or company tax return.
You must lodge a Partnership Tax Return if:
Two or more people or entities carry on a business together
Profits and losses are shared between partners
The partnership has an ABN and earns income
The partnership incurred expenses or made a loss
📌 Even dormant or low-income partnerships may still have lodgement obligations.
At DIA Taxation, we provide end-to-end partnership tax solutions, including:
Accurate preparation of Partnership Tax Return (Form P)
Electronic lodgement with the ATO
On-time filing to avoid penalties
Business income verification
Expense categorisation and validation
Depreciation and capital allowance claims
Correct allocation of profits or losses
Individual partner summaries
Compliance with partnership agreements
Reconciliation with BAS and IAS
GST adjustments and reporting accuracy
Cash vs accrual method checks
Support during ATO queries or reviews
Amendments to prior-year partnership returns
Risk minimisation and compliance checks
We ensure every legitimate deduction is claimed, including:
Operating expenses (rent, utilities, software)
Motor vehicle and travel expenses
Asset depreciation
Professional fees and insurance
Home office expenses (where applicable)
Interest and borrowing costs
Our accountants ensure deductions are ATO-substantiated, not aggressive or risky.
31 October – If self-lodged
Later deadlines – If lodged through a registered tax agent like DIA Taxation
📅 Using a tax agent often provides extended lodgement dates and better compliance outcomes.
✔ Registered Australian Tax Agents
✔ Partnership tax specialists
✔ Transparent pricing — no surprises
✔ Proactive tax planning advice
✔ Support for individuals, companies & trusts as partners
✔ Local expertise with Australia-wide service
We don’t just lodge returns — we protect your partnership from ATO issues and help you plan ahead.
Not sure whether a partnership structure is still right for your business?
We also provide advice on:
Partnership restructuring
Converting to a company or trust
Tax efficiency comparisons
Asset protection considerations
Avoid ATO penalties, incorrect distributions, and missed deductions.
Let DIA Taxation handle your Partnership Tax Return professionally and efficiently.
👉 Book a Free Consultation
👉 Request a Quote Today
