Engagement as your tax agent for an individual income tax return
Thank you for instructions. I am pleased to accept an appointment as your tax agent for your current tax return.
At the outset, we need to enter into an agreement with you setting out the terms on which we will assist you, including how we will charge you for the work.
This letter sets out the terms of the engagement. Any additions will be by the written agreement of both parties. Please read this letter and the Terms of Business carefully. If the terms are acceptable to you, please sign and return this letter to us. If you do not return a signed copy of this letter, but continue to provide us with information and instructions, we will assume that you have accepted the terms contained in this letter.
Scope of services
As your tax agent, I will prepare and lodge your individual income tax return for the current year.
In addition to the financial information required to complete your tax return, it is expected that you will make available all relevant source documentation to me.
In preparing your individual tax return I will rely on the documents and information provided, and representations made by you.
Matters outside the scope of services
In performing the Services, I will not perform an audit or review. Accordingly, no assurances are made in this regard. This engagement cannot be relied upon to disclose irregularities including fraud, other illegal acts and errors that may exist. However, I will inform you of any such matters that come to my attention.
Professional fee and payments
My fees for performing the Services will be as follows:
- Standard individual tax return $120.00.
- Standard individual tax return with one rental property $160.00.
- Standard individual tax return with sole trader income $180.00.
- Additional rental property schedules will be $60.00 per schedule.
- Bookkeeping work to determine sole trader income and expenses $60.00 per hour.
If I perform additional work for you that is not covered by this letter, I will charge you separately for that additional work at a rate of $150.00 per hour.