 Accountancy Services, hereinafter referred to as A.S., agrees to act in the best interests of a client from the time Inland Revenue Form 64-8 is signed and dated.
Our accountant will visit the client to understand the full requirements envisaged over the next three years. From this, a cost will be given for the work involved. A payment structure will then be agreed with the client. All payments are by monthly standing order. Cheque's or cash are acceptable for extra work.
If during the course of the three years extra work is required, this automatically becomes payable in advance. If there are insufficient monies received from the client, their work will be held in abeyance until funds are cleared.
A.S. reserves the right to charge reasonable interest and collection costs if the above standard terms are not met.
The client must furnish all information to the accountant necessary for the production of accounts and information that reflects a true and fair view. The individual and business will therefore be properly accounted for on presentation to the Inland Revenue, Contributions Agency, banks, buildings societies and other authorities as well as the client.
A.S. will always look to produce work to a fair time scale, but occasionally there may be delays for various reasons. For example, the Revenue sends out most of its tax returns on 6th April, so it is not possible to attend to every client straight away.
A.S. is always diligent in its work but if errors or mistakes do occasionally occur, A.S. reserves the right to restrict its liability to ten pounds per client. A.S. will place an error or omission claim to the Revenue if it affects work so related.
Cancellation of the agreement to act between A.S. and the client is only possible on receipt of written confirmation from the client. Three months’ notice must be given to ensure a smooth changeover, e.g. when a client moves area.
A.S. requests that clients submit all their fiscal details from 30th August to 31st July each year. A.S. reserves the right to fail to reach Revenue deadlines if the client does not meet this date.
At busy times it may not be possible to return voicemail telephone messages. However, endeavours will always be made to make a communication response where the client leaves a brief description of the matter.
Where a client moves to become a VAT registered business, A.S. reserves the right to re-price the work based on extra quarterly administration.
Copies of accountancy working papers will not be supplied under normal circumstances.
Where clients require tax credit application forms to be completed, a separate fee of £145.00 plus VAT becomes payable. In most cases, clients will have the benefit of seeing this fee as a small percentage of the overall benefit of the annual credits.
Interviews for possible mortgage or loan arrangements will be charged at the rate of £85.00 + VAT.
In the event that a client sells their business, a Capital Gains Tax computation will be required. This involves considerable work in reviewing back through files. Work will be charged on a cost/time basis.
Accountancy services are usually readily available to help in forward business planning. Cash flow forecasts and bank presentations. Again, fees will be charged on a cost/time basis.
A Business Review Meeting will be charged at £140.00 plus VAT.
- Accountancy Services reserves the right to charge for failed appointments. Normally, 48 hours notice of suggested change is requested from the client.
- The Inland Revenue generally prefer to deal with Accountancy Services rather than the client. A client is therefore requested not to make direct contact with the Inland Revenue, but to route all queries in the first instance through the Practice.
Collection costs on unpaid invoices are chargeable on a cost/time basis.
By law all records of business and private bank statements, cheque book stubs, sales and purchase invoices, credit card statements, and other supporting documentation must be kept for 6 years. Accountancy Services usually hold these records at our office or archive store.
Termination by AS may be applicable where we are not satisfied with information which is being produced or it’s timeliness. This termination may have immediate effect.
Accountancy Services reserve the right to review a client's previous tax return before submitting the new tax return on paper by 30 August or online by 31 January.
AS reserves the time to review a new client's last tax return(s) before submitting the new one.
Each month, Accountancy Services will hold a monthly draw for clients. The winner will be notified by the 14th of each month. The prize is currently one hundred pounds.
All invoices are due for payment in the 30th day of the month following the invoice date. Any invoice outstanding beyond this period will be referred to Daniel's Silverman Limited and will be subject to a surcharge of 26.144% plus VAT to cover the collection costs incurred.
This surcharge together with any other charges and legal fees incurred will be the responsibility of the client and will be legally enforceable.
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