ENGAGEMENT DECLARATION
Thank you for your instructions to attend to your taxation requirements. This document is to confirm our understanding of the terms of our Engagement and the nature and limitations of the services we provide and will be effective for future years unless we advise you of any change.
PURPOSE, SCOPE AND OUTPUT OF ENGAGEMENT
We have agreed to perform the following services – preparation and lodgement of your Income Tax Return(s) as required by the Australian Tax Office (“ATO”). We will also provide advice and assistance in relation to various accounting and tax matters, as advised by you. The purpose is to assist you in complying with all taxation and other regulatory requirements at the minimum expense and effort to you. The procedure we will perform will be limited exclusively to those related to this purpose and as a result:
· No audit or review will be performed and therefore no assurance will be expressed; and
· Our engagement cannot be relied upon to disclose irregularities including fraud, errors or illegal acts that may exist. However we will inform you of any matter that may come to our attention.
Any advice given or report issued by us is provided solely for your use and benefit and only in connection with the purpose for which the services are provided. We accept no responsibility for the contents of your taxation return. All implied terms and conditions, to the extent permitted at law, are excluded. If the Competition and Consumer Act 2010 (Cth) implies any terms into this agreement, and generally, our liability is limited to the resupply of the services or the cost of resupply of the services.
You authorise Moneywise Global Tax Services Pty Ltd (“We, Us or MWGTS”) to lodge your income tax return, electronically or otherwise as your tax agent and you consent to us retaining a signed copy of your income tax return as an agent for the ATO.
This engagement will be undertaken in accordance with the relevant standards and ethical requirements of the Institute of Chartered Accountants in Australia (ICAA). Our reports are prepared for distribution solely for you and for the purpose noted above. We disclaim any assumption of responsibility for any reliance on our reports to any person other than yourself and for any purpose other than for which they are prepared.
RELATIVE RESPONSIBILITIES
The conduct of this Engagement in accordance with the standards and the ethical requirements of ICAA means that information acquired by us in the course of the engagement is subject to strict confidentially requirements. This information will not be disclosed by us to other parties except as required by law, professional standards, or with your express consent. Our files may however be subject to review as part of our quality control program of ICAA, which monitors compliance with professional standards of its members. We advise you that by signing this letter you acknowledge that, if requested our files relating to this engagement will be made available under this program. If this occurs we will advise you.
FEES
Our fees will be either (i) a set fee for service depending on the complexity of your tax return or (ii) based on the time required by the individuals assigned to the file plus out of pocket expenses. If charged on a time basis our hourly charge-rates vary depending on the staff member & depending on their experience and the scope of the work undertaken. Our charge out rates currently ranges from $165 – $300 per hour. Further we advise that if fees remain unpaid, we will withhold lodgement and maintain a lien on any records in our possession.
OTHER
You consent for correspondence via electronic mode for sending and receiving documents/information. You agree to allow us to contact any previous accountant(s) for the purpose of ensuring there are no ethical or other reasons that may impact on our decision to accept this engagement. You give permission for us to discuss any and all issues that arose, out of your engagement of any prior accountant, relating to the conduct of, recovery from, or, any other technical issues relating to, the engagement. In the future, should you seek to engage another accountant you provide us similar authority to discuss the same issues with any subsequent accountant that may contact us.
We are not liable to you for any loss you may suffer whether direct, indirect, special, consequential or other loss or damage arising in connection with the services provided, your taxation requirements or the submission of your taxation return, whether your claim is based on breach of contract, breach of statute or tort (including negligence) by us, our contractors, servants or agents or any third party, or otherwise. We will not be liable in respect of any loss of general profit or other economic loss.
Our Privacy Policy is included by reference in these terms and conditions. You can obtain a copy of our Privacy Policy from your personal tax consultant. These terms and conditions are governed by the laws of Queensland. We reserve the right to amend or modify these terms and conditions at any time.
In consideration of the above terms and conditions, we will upon provision of your completed taxation documentation and payment of your fees, lodge your tax return with the ATO, and in doing so, apply the information you have provided, in accordance with the Income Tax Assessment Act 1936 (Cth) or the Income Tax Assessment Act 1997 (Cth).
DECLARATION I declare that I have the appropriate records and documentation to support all income and deduction amounts included in my tax return(s) and understand I am required to keep all relevant records and documents for a period of 5 years. I authorise Moneywise Global Tax Services to prepare my Income Tax Return from the information that I have provided to my Moneywise Global Tax Services Consultant and disclose such information to the ATO. I acknowledge that the information provided may be verified & further information may be requested before the return is finalised & a taxation estimate provided. I agree that the fees for my tax return are payable prior to lodgement & that legal action may be taken to recover any unpaid fees. I authorise MWGTS to hold my personal taxation documents and to pass them on to any future purchaser of the company. I acknowledge that the above fees are payable prior to the lodgement of my return and that legal action could be taken to recover any unpaid fees.