Client 1 Information
If a refund is due, the ATO will deposit this directly into your nominated bank account.
As banking details can change from year to year, we ask you to provide us with your bank account details each year.
Client 2 Information
By submitting this form and electronically signing the attached terms of engagement, I/we confirm my/our instructions to engage Gateway Tax & Advisory as my/our registered Tax Agent.
Terms of Engagement & Fee Agreement
As part of the quality assurance procedures at Gateway Tax & Advisory, we provide you with this document to confirm our understanding of the terms of our engagement and the nature and limitations of the services we will provide.
Purpose, Scope, and Output of the Engagement This firm will provide 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). 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 income tax returns will be prepared for distribution to the relevant specific organization 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 the Institute of Public Accountants (IPA), 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.
The responsibility for providing accurate financial information, including documentation to substantiate any deduction claimed, rests with you. It is important to remember that you are personally responsible for the information contained in any statutory return and that you must retain all necessary supporting documentation to substantiate any claim. We will not take responsibility for any failure on your behalf to maintain adequate records. By signing this engagement, you are agreeing to check your income tax return as well as any other work prepared by us, and inform us of any errors or omissions.
We also remind you that it is your responsibility to inform us immediately if you change your home, postal, or email address or telephone number.
Limitation of Liability Our liability is limited by a scheme approved under Professional Standards Legislation. Further information on the scheme is available from the Professional Standards Councils’ website: http://www.professionalstandardscouncil.gov.au.
Fees Our fees are reviewed every year on 1st July. Any additional work may be performed at your request and these fees can be discussed and quoted by your accountant. The fee for the preparation of a standard salary/wage earner taxation returns for the 2020 year are as follows (all fees are inclusive of GST):
Our Fee Schedule is attached.
Additional fees will also apply if you engage our firm during the year to attend to other matters eg evaluation of a rental property purchase, evaluation of salary sacrifice arrangement, provision of documents and declarations to third parties.
Billing Arrangements Card or cash payment on the date of appointment is our preferred method. If you are entitled to a refund it will process to you the quickest using this method. If you pay by card, you can opt for us to not process your payment for 7 days which in most cases will be the time it takes for the ATO to deposit your refund to your bank account.If you opt for us to deduct our fee from your refund, there will be an additional cost of $22 plus GST per return. We will require credit card details together with the authority to deduct our fees in the event that the Australian Tax Office withholds your refund for any reason.If previous refunds have been held by the Australian Tax Office for any reason, credit card or cash payment will be required prior to lodging the return.
Audit Protection Please note that additional fees will apply if we are engaged by you to assist in an audit, review, or investigation by the ATO or other government agencies. We offer Audit Protection insurance (information sent separately) which will cover our fees for such an audit if you elect to pay the premium.
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 return(s). 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. The firm has a policy of exploring a legal right of lien over any client documents in our possession in the event of a dispute. The firm has also established dispute resolution processes.
Confirmation of Terms Acceptance of our services in conjunction with this information document indicates that you understand and accept the arrangements. This information will be effective for future engagements unless we advise you of any change.
I have read and understood this document and wish to engage Gateway Tax & Advisory as my/our Tax Agent and Accountant.