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

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:

• Case Study Recap

• Partnerships 101

  • What’s a partnership? General law vs Tax law

  • How is a partnership taxed?

  • How is interest expense on a partner’s account or loan treated?

• Rental Properties

  • Rental income

  • Rental deductions – Division 40 vs Division 43, Repairs & Maintenance

  • ATO’s new guidance on rental properties – Nov 2025

• Selected Accounts – Employment-related

  • Fringe Benefits Tax & Entertainment

  • Salaries & Wages and PAYG Withholding (PAYGW)

  • Superannuation Contributions

  • Superannuation Guarantee Charge (SGC)

  • Salaries and Superannuation Contributions for Individual Partners in a Partnership

  • Workcover and Payroll Tax