Partnership Questionnaire & Checklist
Complete this secure online questionnaire to help Guardian Accounting prepare partnership income details, expenses, partner information, and supporting records for tax preparation.
What This Partnership Questionnaire Is For
A partnership files its own return showing the income and expenses of the business, but the partnership itself does not pay the tax. Instead the profit is shared between the partners according to their agreed shares, and each partner then reports their portion in their own tax return. This questionnaire gathers what Guardian Accounting needs to prepare the partnership return and work out each partner's share correctly.
Because two returns depend on getting this right, the details matter. Partner shares, drawings taken during the year, and any capital introduced all affect the final position. The form walks through each of these in plain questions.
Who Should Complete It
This form is for one partner completing it on behalf of the partnership. You may need it if the partnership:
- Runs a business owned by two or more people
- Operates as a husband and wife or family partnership
- Owns a rental property held in partnership
- Is registered for GST
- Had partners join or leave during the year
- Started or ceased trading during the year
What To Have Ready
The form goes faster if you gather these before you start:
- The partnership IRD number and bank account details
- Each partner's name, IRD number, and profit share
- Partnership income for the year
- Expense records and supporting documents
- Drawings taken by each partner during the year
- Last year's partnership accounts, if you have them
