We are pleased to accept instruction to act as your accountant. The purpose of this document is to set out our terms for carrying out the work and to clarify our respective responsibilities. Please read all the information carefully and contact us if you have any concerns or require clarification.
In this letter, “we”, “us”, and “our” relate to this accountancy practice, Tax Care Certified Accountants Limited, and “you” and “your” relate to you, the client.
We are a Member in Practice of the IFA and subscribe to the promotion of high standards, ethical awareness and best practice. As part of those standards, engagement terms are issued and agreed prior to any work being undertaken.
To ensure that we provide you with the best quality service we like to ensure that all clients know who will be in charge of their affairs.
The principal in charge of your assignment will be: Mostofa Rahman AFA MIPA.
The services we will provide to you will be agreed with you in writing on email and updated from time to time by mutual agreement, also on email. The costs of these services are calculated by reference to our Standard Pricing Estimation. Please note that, Tax Care Accountants is not liable for any service for the previous accounting or taxation period.
We bill you monthly/one-off for the services agreed. Initially this is based information you have provided us. For accounting, at the end of the year we will calculate the correct fee based on your actual revenue your business has made and invoice you for the shortfall or pay you a refund if we have overcharged you. For bookkeeping, invoice is based on your total order volume and will be applied at the end of the bookkeeping period. This fully aligns the cost you pay to the work actually required and we believe is the fairest approach.
Please note that for accounting your first payment will be backdated to cover any previous months in your current financial year, and you will pay your quoted monthly price from then on.
If you have bookkeeping or VAT returns you would like us to handle related to periods before you signed up, the monthly charge quoted will be backdated for this work too.
WHAT HAPPENS NEXT?
After you sign up
The next working day after you sign up, one of our team will be in touch with instructions for what you need to do next. This will include settling your initial invoice, appointing us as your HMRC Agent, and answering any initial questions you might have. After that, we will be monitoring your filings deadlines for you.
You’ll also get an email straight-away with a link to our onboarding questionnaires, so that you can get started providing us with the information we need.
After a filing period ends
Once a filing period ends, and well before the deadline, we’ll be in touch with a checklist of tasks to complete to provide the information required.
We’ll then prepare your filing and with your approval, submit it to HMRC.
TERMS OF SERVICE
As part of the accounting service you can access unlimited advice. We do this so because we want you comfortable asking us any compliance questions throughout the year, rather than us going back and fixing avoidable issues.
We want to make sure your expectations are met so here are some guidelines on how we work:
Send us a message whenever you like. We scan our inbox for urgent queries throughout the day, and for general queries you’ll get a response in 24-48 working hours. if it gets to 72 working hours and we still have not been able to answer your question, we’ll explain why, e.g. more research required, waiting on HMRC, etc. Note, we do not in general send acknowledgement emails as this uses up time that could be better spent working on queries and handling accounting; we do ensure every email is answered.
Phone and video calls
We speak via audio and video calls regularly and you can book these in whenever you like. We would greatly appreciate if you call the office only for urgent matters. Operating in this manner lets us stay efficient at staying on top of your work.
All IFA accountants work within the framework of the IFA Code of Ethics. The code requires accountants to comply with the principles of integrity, objectivity, professional competence and due care, confidentiality, and professional behaviour. As an IFA accountants, we have a duty to observe the highest standards of conduct and integrity and to uphold the good standing and reputation of the profession. The duty of a professional accountant is not exclusively to satisfy the needs of an individual client or employer. In complying with the ethical requirements of the IFA Code of Ethics the professional accountant is obliged to act primarily within the public interest.
Payment of fees rendered by invoice is due on receipt. Where payment has not been received we reserve the right to withhold services, documents and information, and have the right to cease to work on your account and to terminate the engagement if payments are unduly delayed. You will have the opportunity to set up a Direct Debit or Stripe payment if you have a UK bank account.
If any of the services you require are outside of the scope detailed in this document we will agree with you in writing the additional costs that would apply for us to handle this for you.
There may come a time where you decide to disengage from our services for any reason. If at this point we have billed you for services not yet rendered we will calculate an amount to refund you, being the total fees paid for the service less 10% of the annual fee to cover admin costs and less an amount based on the total ad-hoc advice work undertaken in the period.
Holding Client Monies
We do not hold client money on behalf of our clients.
Retaining and Accessing Records
Any information produced or relating to the work we undertake for you will be returned to you and should be kept for a period of no less than 6 years from the end of the tax year in question.
Confidentiality and Conflicts
We agree never to share information relating to your business with any third party without prior consent unless required to do so by law or to comply with regulations or quality control reviews. Likewise, you agree not to use or copy or allow the use of the output of the work we do for with a third party without our prior permission. You recognise that we may have to stop providing services to you in the event that a conflict arises between our duties to you and to another client. You will notify us if you have any reason to believe that such a conflict has arisen or may arise. We may communicate with you electronically and you accept the risks associated with such communications, except anything arising through our negligence or wilful default.
Legislation and Compliance
We are obliged by law and by IFA to undertake checks to ensure that you and your business are operating lawfully. By agreeing to our terms of engagement you accept that we are authorised to complete such checks as necessary. Under Money Laundering Regulations it is a criminal offence if we do not report suspicious transactions or if we inform a client that a report has been made against them.
As Certified Accountants, we have a duty of care to you and we must observe the highest standards of conduct and integrity. Our services to you will only be completed by an accountant fully competent to perform such work and who holds current Professional Indemnity Insurance. Where any loss or damage occurs as the result of you providing misleading, incomplete or false information no liability will be accepted. The advice we give you is not to be used by a third party without written consent. The practice also accepts no legal responsibility for third-party use of the financial information provided by us.
Complaints and Disputes
We want you to be entirely satisfied with the services provided to you. If, however, you are not, please refer to the Complaints Policy
Changes to these terms
From time to time we may need to update these terms of service. If this happens, we will notify you of this in writing more than 30 days in advance.
You or we may terminate our engagement by giving 28 days written notice. All documents and information provided by you will be returned to you within 28 working days of receipt of the notice provided that all outstanding fees have been paid.
Looking for a professional accounting service? TaxCare Accountants offers a simple, affordable accounting service with a fixed fee.