Partnerships
Bring shared income, costs and partner allocations together into one clear annual process.
What you usually need
Three clear areas—without a long list of accounting terms.
Partnership accounts & IR7
Prepare the annual figures and partnership return.
Partner allocations
Show each partner’s share clearly for their own return.
GST & bookkeeping
Keep partnership records reliable throughout the year.
What’s included
A partnership generally files an IR7, with income or loss allocated to the partners.
Partnerships
Partnership pricing depends on partner numbers, activity, GST obligations and the quality of the records.
Get a fixed quoteCommon questions
Short answers to the questions people commonly search before contacting an accountant.
A partnership generally files an IR7 and allocates income or loss to its partners, who include their share in their own returns.
Individual partners commonly report their allocated partnership income in an IR3. Other partner entity types use the return applying to them.
We can explain the accounting and tax setup. A lawyer should prepare or review the partnership agreement and legal terms.