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How to work out the tax on the profit from partnership

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Reference no: EM132832668

Problem 1: You are the registered tax agent and approached by your client Daniel. He is currently operating a small coffee shop with his wife (50:50 ownership) in the form of partnership. He asks you for advice about how to work out the tax on the profit from their partnership business if it is expected to be $90,000 for the 2018-19 income year, and which tax documentation should be prepared and lodged to finalise their tax affairs for the 2018-19 income year provided both Daniel and his wife are your clients

Reference no: EM132832668

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