Setting up a partnership profile

Afirmo can help form a new partnership and set up its business profile.

The one-off setup cost is $100 plus GST. It includes:

• partnership profile setup;
• GST registration, if requested;
• NZBN allocation;
• a bank account application;
• expert support; and
• a setup checklist.

Ongoing tax returns

For a standard partnership with individual partners, Afirmo prepares and files one annual IR7 on Supercharge or Supercharge Pro. Each individual partner also needs an IR3 showing their allocated share of the partnership income or loss. A partner IR3 costs $500 plus GST per partner per year.

If a partner is a company, trust or another entity, ask the Afirmo team to confirm the returns required for that structure.