Deductions: (Please note that records and receipts must be kept for substantiation for 5 years)
The Taxation Administration Act 1953 now contains specific provisions that may provide you with “safe harbour” from administrative penalties for incorrect or late lodgement of returns. These safe harbour provisions will only be available to you if, amongst other things, you provide “all relevant taxation information” to me in a timely manner (the safe harbour provisions apply from 1 March 2010). Accordingly, it is to your advantage that all relevant information is disclosed to me as any failure by you to provide this information may affect your ability to rely on the “safe harbour” provisions and will be considered in determining the extent to which tax practitioners have discharged their obligations to clients. It is your responsibility to show that you have brought all matters to my attention if you want to take advantage of the safe harbours created under the new regime.
Krystil Ryan - Tax Agent 25382522
This information is provided to assist with the engagement of accounting and taxation services. I understand that before any work can be carried out a full letter of engagement must be signed by the public officer to provide an authority to act on behalf of the company.