Terms and Conditions
Please read and complete the information below
Thank you for choosing Tax and Accounting Services Company (“TASC”) to assist you. This agreement confirms the terms of our engagement with you and outlines the nature and extent of the services we will provide. Our services depend on you to provide the information we need to complete an accurate assessment, complete compliance tasks, and provide recommendations.
You have chosen to have our GET STARTED PLAN which include the following services:
Access to Client Portal – All data is collected electronically, and we do not accept paper documents. E-mail is not considered a safe way to transmit financial documents. Experts have stated that this is a common cause for identity theft. We have a secure client portal that all documents MUST be sent through. Our system retains all records sent to us for 7 years and you may access these documents at any time. The storage of documents on our portal is free to you.
Entity Selection Assistance – Choosing the correct entity for your business operations can affect your tax liability and business bottom line. Your subscription includes up to 1.5 hours of Public Accountant and Master of Taxation Time to discuss your business, your plans and your operations and then help you determine the best entity for your business.
90 Minute – Live QuickBooks Online set-up – Getting your QuickBooks set-up and knowing how to use the software is crucial to getting the correct accounting information entered. We will guide you through the set-up process, connect your bank and credit accounts, help you create an invoice, set up merchant service payment processing and more. (If you also have QB Payroll, we will add extra time to set up your payroll account)
QuickBooks Online and QuickBooks Online Payroll Discounts - Intuit ProAdvisor’s are allotted discounts up to 50% on all QuickBooks Online products for as long as clients maintain their subscriptions. Provided you meet the requirements set forth by Intuit you will receive the full discount allowance for the life of your subscription. This offer is subject to change without notice based on Intuit policies.
By signing this engagement letter, YOU are attesting to the following:
All information provided in client questionnaires and organizers is (will be) truthful and correct to the best of my knowledge.
We (I) have (will) provided all documentation required to provide the engaged services
We (I) understand that Taxpayers are held responsible for all items reported or not reported on tax returns, regardless of who prepares them. Preparers, accountants, and bookkeepers can be held responsible if they acted fraudulently or otherwise committed unlawful acts.
We (I) understand that falsifying records, intentional omissions, or otherwise misrepresenting financial data in financial statements, tax returns, accounting data or other financial records or reports is fraud and illegal.
We (I) are responsible for paying taxes to the IRS state or local agencies by the due date of the taxes. Many due dates are prior to the filing of tax returns. For example: Individual federal taxes are due each quarter during the year (and not April 15th.) If you are unsure of the due dates, please contact us for assistance.
We (I) understand that if requested by the IRS, state, or local tax agencies, we (I) will produce receipts and documentation to substantiate income and deductions. I further understand that I should keep records for a minimum of seven (7) years. In certain circumstances, such as with real estate, records are often necessary when the property is sold many years later these records should be kept indefinitely. If you are unsure, please ask.
We (I) understand that the fees for the services outlined in this engagement letter are based on time to prepare the services and are NOT based on receipt of completed tax returns, completed financial statements, completed forms, or achieved results or actions of any kind.
We (I) understand that engagement, including billing and collection, will be governed, and construed in accordance with the laws of the State of Colorado, without giving effect to the conflicts of law principles of the state. Both parties irrevocably consent to the exclusive jurisdiction of courts in Boulder County in the state of Colorado.
We may ask you to clarify some items, but we will not audit or otherwise verify the data you submit. Our work does not include procedures to find misappropriated funds or other irregularities. Accordingly, our engagement should not be relied upon to disclose errors, fraud, or other illegal acts. We will, of course, inform you of any material errors, fraud, or other illegal acts we do discover.
We advise you to meet with us prior to signing and e-filing of tax returns or using any financial reports we produce to be sure you understand what they contain. We do not charge for the time to meet and review your completed tax returns or other financial reports. We are happy to explain anything you do not understand or have prior knowledge of. We are here to advise and help you. Please do not ever hesitate to ask questions.
Fees and Invoicing
The GET STARTED PLAN is billed at time of service. Additionally Discounted QuickBooks and QuickBooks payroll subscriptions will be billed by TASC at your predetermined Intuit Rate. Intuit has conditions to receive discount – must be new customer and there is a time limit to how long it has been since you purchased. Intuit’s terms change from time to time, and we are not responsible for changes in their pricing plans.
Flat fee – Your fee for the GET STARTED PLAN is $199.
Our fee will be based on the time required at the standard hourly billing rates plus any out-of-pocket expenses. Out-of-pocket expenses include but are not limited to tax and other software fees, mileage, and postage. Standard hourly fees are subject to change from time to time to keep up with inflation and other conditions that arise. Standard billing rates are charged at $60 (SIXTY DOLLARS) per hour for staff work performed, $90 (NINETY DOLLARS) per hour for senior staff work performed. Public Accountant (“PA”) and Master of Taxation (“MT”) work is charged at $225 (TWO HUNDRED AND TWENTY-FIVE DOLLARS) per hour as it relates to financial accounting and tax preparation. Last minute or work requested less than 2 weeks prior to due dates is subject to a 25% increase in fees. Fees for work performed are based on time spent and are due regardless of you receiving any completed report, tax return, financial statement, achieved results or actions of any kind.
Our engagement will terminate if at any time as we conclude we are unable to complete the engagement. We will make determination of inability to complete the engagement for the following reasons including but not limited to a) lack of information provided by you, b) disagreement as to amounts that are required to be reported under current law that we cannot resolve, c) non receipt of invoice payments without an approved payment arrangement with our offices or d) inability to continue for ethical, moral, or legal reasons. TASC may terminate this agreement with or without cause.
We are happy to have you as a client and look forward to a beneficial working relationship.
Tax and Accounting Services Company. Inc.
To affirm that this letter correctly summarizes your understanding of the arrangements for this work, please complete the following information and e-sign below: