New Client Form

This document is to confirm our understanding of the terms of our engagement and the nature and limitations of the services we provide.

Purpose Scope and Output of the Engagement

This firm will provide accountancy and taxation services which will be conducted in accordance with the relevant professional and ethical standards issued by the Accounting Professional & Ethical Standards Board Limited (APESB) and the Tax Agents Services Act 2009.  The extent of our procedures will be limited exclusively for this purpose.  As a result, no audit or review will be performed and, accordingly, no assurance will be expressed.  Our engagement cannot be relied upon to disclose irregularities including fraud, other illegal acts and errors that may exist.  However, we will inform you of any such matters that come to our attention.

Our professional services are conducted and the reports will be prepared for distribution to the relevant specific organisation or party for the purpose specified in the report or as agreed.  We disclaim any assumption of responsibility for any reliance on our professional services to any party other than as specified or agreed, and for the purpose which it was prepared.  Where appropriate, our report will contain a disclaimer to this effect.

Responsibilities

In conducting this engagement, information acquired by us in the course of the engagement is subject to strict confidentiality requirements.  That information will not be disclosed by us to other parties except as required or allowed for by law, or with your express consent.

We wish to advise that our firm’s system of quality control has been established and maintained in accordance with the relevant APESB standard.  As a result, our files may be subject to review as part of the quality control review program of CPA Australia which monitors compliance with professional standards by its members.  We advise you that by accepting our engagement you acknowledge that if requested, our files relating to this engagement will be made available under this program.  Should this occur, we will advise you.

Clients are required to arrange for reasonable access by us to relevant individuals and documents, and to be responsible for both the completeness and accuracy of the information supplied to us.

Fees

The fee arrangement will be based on the amount of time and the level of staff required to complete the accountancy work requested. The tax return will be lodged after payment received.  

If payment is not received within 30 days of invoice date, we reserve the right to charge you interest. The rate of interest will be the current Commonwealth Bank overdraft rate. If payment is not received within 45 days and request for payment are unmet, then debt collection action will be taken. All debt collection fees and court costs will be billed to you. We also reserve the right to carry out a credit reference check on individual, company and directors.

Taxation services

In engaging us to provide taxation services, it is important for you to understand the following:

• You are responsible for the accuracy and completeness of the particulars and information provided to us by you.

• Any advice we provide is only an opinion based on our knowledge of your particular circumstances.

• You have obligations under the self-assessment regime to keep full and proper records in order to facilitate the preparation of accurate returns.

• We cannot provide taxation services if we find that information on which those services are to be based contain false or misleading information, or omit material information, and you are not prepared to appropriately amend that information.

Ownership of Documents

All original documents obtained from the client arising from the engagement shall remain the property of the client.  However, we reserve the right to make a reasonable number of copies of the original documents for our records.

Our engagement will result in the production of Income Tax Returns.  Ownership of these documents will vest in you.  All other documents produced by us in respect of this engagement will remain the property of the firm.

Confirmation of Terms

Acceptance of our services in conjunction with this information brochure indicates that you understand and accept the arrangements.  This information will be effective for future engagements unless we advise you of any change.

Tax Return Fees

We will quote you our fee during the appointment time, before we start your return.

Tax Consultation Fees
Please note our standard minimum consultation fee is $140 plus GST ($154) for up to 30 minutes. If over 30 minutes, the fee will be on a pro rata basis.

If you require a phone appointment, we will call 5 minutes before your appointment time to take payment.
All accountant fees are 100% tax deductible in the following years tax return.

***This engagement will cover both 2022 income year and future years or prior years (if applicable) unless we advise you of any changes to our engagement terms and in this case, we will issue you with a new engagement letter

We look forward to welcoming you.
Regards
Ruby Lam Accountants

Please understand that by submitting the above form you accept these terms.