Zero to Mini Hero 2026: Tax Returns for Partnerships - Part 1

Explore different partnership types before diving into employee and payroll issues relevant for tax return preparation.

Includes partnership tax return demo on Xero Tax.

In this session, we cover:

• Tax law partnerships

  • Jointly held properties

  • Rental income and deductions

  • Preparation of rental schedule on individual income tax returns using case study

• Common law partnerships

  • Comparing partnerships vs joint ventures

  • Overview of partnerships

  • Specific issues relating to entities with employees, including:

    • Fringe benefits tax (FBT)

    • Superannuation

    • PAYG Withholding

    • Other employer obligations

• Preparation of tax reconciliation and income tax returns using case study