Terms and Conditions: This engagement letter is to inform you, the individual client, of the services we will provide you, out-of-scope services and the responsibilities you have for preparation of your tax return. Tax Return Preparation: - We will prepare your tax return based on information you provide. Services for preparation of your return do not include auditing or verification of information provided by you. - Fee quoted is on the assumption that you will provide us all the information in one go and in an organised manner. - You must review the return carefully before signing to make sure the information is correct. - Preparation fees do cover very limited assistance and consultation during the year. Any additional services will incur additional/separate service fees under separate engagement. - Fees must be paid at the time of signing tax returns i.e., before your tax return is lodged with Tax Office. We will initiate the direct debit request from your nominated bank account in case of failure of payment within 7 days after issuing invoice. - If you terminate this engagement before completion, you are liable to pay us the fee based on the engagement or time worked on your job(whichever is higher). - A retainer fee of 50% of the quoted fee is required for preparation of late returns. - The engagement to prepare your tax returns terminates upon delivery of your completed returns and original documents to you. Please store your supporting documents and copies of your tax returns in a secure place for at least five years from the date of lodgement as this information will be required in the event of audit. - Advice given verbally in the process of preparing your return is not intended to be relied upon unless confirmed in writing. If we provide verbal advice (for example during a meeting or telephone conversation) that you wish to rely on, you must ask us to confirm in writing. - We may need to verify your identity and request such information as required for this purpose. - At peak tax periods we allow a turnaround time of two weeks for completion of your return. Out of Scope Services: - We acknowledge that from time to time, out of scope services may be required. Any out-of-scope services will be charged at standard hourly rates. - In case of the tax liability, if the taxpayer wants a payment arrangement to pay the tax bill, the taxpayer is advised to take necessary steps to get the payment arrangement in place by either calling ATO directly or through myGov account. If you want us to get the payment plan done for you, it will be billed at standard hourly rates. - The tax return preparation services do not include audit and verification of documents provided by you. Fees charged for tax return preparation do not include audit representation or preparing materials to respond to correspondence from the Australian Taxation Office. Such engagements are outside the scope of this general engagement and quoted separately at our firm’s hourly rates. You can opt for Audit Insurance to cover our professional fee in the scenario of Audit or review. - The tax return preparation fee does not include bookkeeping. - While the services as defined are within your knowledge and skills, any changes to the services may necessitate making new arrangements with you. We may also require specialist lawyers, SMSF AFSL licensed advisers or tax consultants. Should their expertise be recommended, a separate engagement letter will be agreed with any third-party providers. Taxpayer Responsibilities: - You agree to provide us all income and deductible expense information. If you receive additional information after we begin working on your return, you will contact us immediately to ensure your completed tax returns contain all relevant information. - You agree to provide all information necessary for dealing with your affairs including information which we reasonably request in sufficient time to enable our services to be completed before any applicable deadline. - You will be responsible for providing true, correct and complete information to complete your tax return in due time. - You confirm that all expenses or other deduction amounts are accurate and that you have all required supporting written records. In some cases, we will ask to review your documentation. - You must be able to provide written records of all items included in your return if audited by the Australian Taxation Office. We can provide guidance concerning what evidence is acceptable. - You acknowledge payment is due immediately upon signing the tax return. We will not proceed ahead with the lodgement of tax return without payment of our invoice. Failure to sign the tax return and payment of our invoice, will trigger debt recovery action which may impact your credit rating. By ticking the box provided below, you acknowledge that you have read, understand, and accept your obligations and responsibilities and that you understand our responsibilities in preparing your tax returns as explained above..