Partnership Accountant Sydney
- Owner-Operated By Rafal
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Hi, I’m Rafal
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What Our Customers Say
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Miroslaw Zawadka
We’ve been working with Rafal for the past two years, and I couldn’t be happier with his services. He’s incredibly reliable, always professional, and takes the time to explain things in detail. One of the best parts is that he speaks both Polish and English, which makes communication a breeze. Highly recommend him for anyone looking for an experienced and trustworthy accountant!
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Damian Liszka
I have been using the Tax Accounting Group for over one year. I am very pleased with the professionalism of Rafal’s services. He is very knowledgeable and has a lot of passion for his work. As a small business owner I highly recommend the Tax Accounting Group to anyone who wants outstanding tax services.
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Mike Daws
Raf has been taxing care of my company’s tax for the last few years. A big positive change from the previous two tax agencies I had tried. Raf takes a personal, hands-on attitude – I feel as though he treats my company accounting as though it were his own. Raf is extremely knowledgeable and helpful.
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Camellia Nguyen
It was such a relief for me to let Raf do all of my tax return in the past few years. There is alot of thing I don’t know about doing a proper tax return. Since I used Raf’s service, I received a much bigger return that I had previously. One less thing to worry about every financial year: check!
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Cuba Daniel
I’ve been through several different accountants in the past and no other accountant put so much time and effort into understanding my family businesses including our complex family business structure than Tax Accounting Group and Raf in particular. My family had overdue returns, my businesses had messy accounts (despite paying bookkeppers) and I always felt like I was overpaying my taxes. Raf and his team not only brought all my accounts up to date and prepared all my outstanding business returns but Raf also made sure I understood what he was doing. He even found some errors in my already lodged tax returns and amended them saving me a couple of thousands! Raf is very responsive and would always promptly answer every question I had. He knows his stuff and is very easy to talk to. Thank you for your hard work!
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Adrian Taylor
I have used Raf for my personal tax returns over the past couple of years. He is extremely helpful and knowledgeable regarding the process and made suggestions on things we could claim for that my wife and I never even considered previously. I have typically taken a DIY stance when it came to tax returns prior to going through Tax Accounting Group; though this often meant i only got to claim back a couple of hundred dollars in previous years. This time i got a $3000 refund and last year $2500. So for the price I paid for engaging Raf to do my last couple of tax returns, it was worth it many times over. Definitely recommend others to use them and in doing so support this local small business.
A partnership can work well when everyone understands the numbers the same way.
That sounds simple, but it is often where the problems begin. One partner may take more drawings than another. Profit may be split differently from the way cash has moved. Business expenses may be paid personally. A vehicle, loan, asset purchase or GST issue may sit inside the accounts without both partners understanding the tax effect.
I’m Rafal Slowinski, Director of Tax Accounting Group Pty Ltd. I work with partnerships in Sydney that need their accounting, tax returns, and partner records to clearly reflect the true position.
This page is for business partners who want the accounts to explain who earned what, who took what, what the partnership owes and what each partner needs to report.
Two Owners, One Business, Different Tax Outcomes
Rafal Slowinski is a highly accomplished tax specialist and the Director of Tax Accounting Group Pty Ltd. He holds a degree in Accounting and Tax Law from the University of New South Wales and has dedicated his career to helping Australian business owners understand complex tax and accounting structures in a more practical way.
Rafal has partnered with more than 2,000 businesses, providing tailored accounting solutions and compliant tax minimisation strategies. His work focuses on identifying hidden efficiencies, safeguarding wealth and helping business owners solve important financial and regulatory issues before they become harder to manage.
That experience matters in a partnership because the business result and each partner’s personal tax position are connected.
The partnership may lodge its own return, but the profit or loss still needs to be allocated to the partners correctly. The records need to show the partnership’s income, deductions, GST, assets, loans, partner drawings and each partner’s share of the result.
If those details are not clear, the partnership return may be prepared, but the partners may still leave with different expectations.
Partner Drawings Are Not A Simple Wage
One of the most common partnership accounting issues is the way partners take money from the business.
A partner may withdraw funds during the year and treat them as wages. Another partner may take less cash but still be entitled to the same share of profit. Personal expenses may run through the business account. A loan or repayment may be treated as a general business expense when a clearer explanation is needed.
Those movements matter.
Drawings, profit allocations, reimbursements, capital contributions and business expenses should not be mixed together casually. The accounting needs to show whether money taken by a partner was a drawing, reimbursement, loan movement or something else.
That is how partner capital accounts and year-end tax positions become easier to explain.
Accounting For Partnership Firms in Sydney
Accounting for partnership firms in Sydney should reflect the partners’ agreement and how the business actually operates.
I can help with partnership tax returns, financial statements, profit and loss reporting, balance sheets, partner capital accounts, drawings, expense claims, GST, BAS, payroll where staff are employed, asset records and the information each partner needs for their own tax return.
The work should also show whether the partnership records match the partnership arrangement.
If the partners agreed to split the profit equally, the accounts need to support that. If the split is different, the records should make that clear. If one partner has contributed more capital, taken more drawings or paid expenses personally, the accounting should not leave that hidden.
A partnership works better when the numbers are not creating quiet tension between the people running the business.
Bookkeeping For Partnerships in Sydney
Bookkeeping for partnerships in Sydney needs more care than simply recording income and expenses.
The books also need to show which costs belong to the partnership, which payments relate to partners, whether personal and business spending have been separated and whether GST and BAS records are reliable.
A partnership with unclear bookkeeping can create several problems at once.
The BAS may be wrong. The partnership return may be delayed. Partner drawings may be misunderstood. The profit split may be questioned. Personal tax returns may be affected because each partner needs the correct partnership information.
Cleaner bookkeeping gives the partnership a better base for decisions between partners, not only for lodgement.
When The Partnership Changes
A partnership should be reviewed when the people, money or business direction changes.
A new partner may join. One partner may leave. Profit sharing may need to change. The business may buy assets, take on employees, move premises, sell part of the business or outgrow the partnership structure entirely.
These moments can affect tax, accounting and legal arrangements.
I can help review the tax and accounting side of the change, including partner balances, profit allocation, business assets, GST, outstanding liabilities and the records needed before a restructure or exit is finalised.
If the partnership agreement, admission of a new partner, retirement of a partner or legal documentation needs attention, a solicitor may also need to be involved. Accounting should support the legal position, not operate separately from it.
Put The Partnership Numbers In Front Of Both Partners
If you need a partnership accountant in Sydney, start with the part of the partnership that is unclear.
It may be drawings, profit split, GST, bookkeeping, the partnership tax return, partner balances, a new partner, an exit, or a possible restructure.
Use the free 30-minute call to discuss the partnership position with Rafal and identify what needs to be reviewed before the next lodgement or business decision.
Frequently Asked Questions
Yes. The partnership return reports the business result, but each partner also needs their share of partnership income or loss included in their own tax position. The partnership records need to be clear enough for both levels of reporting.
The accounts should show that clearly. Money taken by partners may need to be recorded as drawings, reimbursements, loan movements or another category depending on the facts. It should not be left as a vague expense.
Rafal can review the accounting and tax records to clarify the financial position. If the disagreement involves legal rights, partnership agreement terms or disputes between partners, a solicitor may also need to be involved.
Yes. A change in partners can affect profit sharing, capital accounts, assets, liabilities, GST, tax reporting and future structure. It is better to review the accounting before the change is finalised.