CLIENT DISCLOSURE AND RECORD KEEPING OBLIGATIONS
You are required by law to keep full and accurate records relating to your tax affairs. You must provide all information reasonably required for us to perform the services covered by this engagement, including accurate and complete responses to any questions we ask.
Failure to provide complete, accurate or timely information may affect the quality of our advice, the accuracy of any returns prepared, and your eligibility for the ATO’s safe harbour provisions. To access these protections, you must provide all relevant taxation information in a timely manner. You acknowledge that you are responsible for the accuracy and completeness of all information supplied to us and for retaining the records necessary to substantiate your claims.
CLIENT RIGHTS AND OBLIGATIONS
As a taxpayer, you have rights under Australian taxation laws, including rights of review, objection and appeal against decisions made by the Australian Taxation Office (ATO). You also have obligations, including maintaining proper records and lodging returns by the required due dates. We will advise you of any specific rights or obligations relevant to your circumstances.
OUR OBLIGATION TO COMPLY WITH THE LAW
While we are committed to acting in your best interests, we are also required to comply with all applicable laws and professional standards. Accordingly, we cannot prepare or lodge any document that we believe to be false, misleading or materially incorrect.
PREVIOUS RETURNS
Unless specifically engaged to do so, we will not review the accuracy of tax returns or other documents lodged in prior years. Responsibility for those lodgements remains with you. If a review is requested and errors are identified, amended returns may need to be lodged and additional fees may apply.
QUALITY ASSURANCE REVIEW
As a member of the Institute of Public Accountants, our practice is subject to periodic quality assurance reviews. Unless you advise otherwise, you consent to your file being included in such reviews. All reviewers are subject to strict confidentiality obligations and your information will remain confidential.
ONGOING ENGAGEMENT
This engagement will continue from year to year unless terminated by either party in writing. Either party may terminate the engagement at any time by providing written notice. Termination will not affect either party’s rights or obligations in respect of work performed or fees incurred prior to the date of termination.
FEES AND CHARGES
Our fees may be charged based on a fixed fee, hourly rates, or a combination of both, depending on the nature and complexity of the services provided.
Where a fixed fee has been quoted, the quote is based on the information available at the time and assumes the scope of work remains unchanged. Additional work outside the agreed scope may be charged separately. Any fee estimate provided for recurring annual services is an estimate for the current period only and does not constitute a guarantee of future fees.
Our fees and hourly rates are reviewed periodically and may be adjusted from time to time to reflect changes in market conditions, operating costs, legislative requirements, and the level of professional expertise required. Updated rates will apply to future services provided.
Where information is provided late, incomplete, or in a manner that requires additional follow-up, additional fees may apply.
Thank you for your instructions. We look forward to being of service to you.
Krystil Ryan – Tax Agent 25382522
