BAS Engagement letter
Dear Client
Re: Engagement of Indigo Business & Accounting Services as your BAS Agent
Confirming your online booking we are pleased to accept appointment as your BAS Agent for the period you have selected and beyond. This document sets out the terms of our engagement with you. As required under the Tax Agent Services Act 2009 we will be subject to the provisions of that law.
As your Business Activity Statement (BAS) Agent we will:
analyse, discuss and make recommendations regarding your bookkeeping requirements such as transactions that are coded incorrectly;
liaise with your accountant/Tax Agent on relevant issues and
(c) prepare and lodge your BAS.
In addition to the financial information required to complete your BAS, it is expected that the source documentation will be made available if we request it from you.
You are responsible for ensuring you comply with the substantiation provisions of the relevant tax laws, and it is your responsibility to maintain internal control systems relevant to the protection and integrity of the financial information to ensure it is free from misstatement, whether due to fraud or error.
We will not be responsible for any errors brought about by your failure to provide information or documentation or your failure to provide material that is later found to be material to your BAS/bookkeeping requirements. You are responsible for the timely provision of information, and we will not be responsible for any late lodgement or other fees and fines brought about by your failure act in a timely manner.
Professional Fees and Payments
We charge a set fee of $270 for this service.
Add on charges include:
BAS with employees $45
SG 10 or less employees $80
SG 10 or more employees $100
No accounting software $90
Terms of Payment
Unless other terms have been agreed, full payment is required before work can commence.
Quality Review
As a member of the IPA, we are subject to the Institute of Public Accountants’ (IPA) Quality Review Program (QRP) mandated by the International Federation of Accountants (IFAC). QRP reviews assess member compliance with the professional and ethical standards and by accepting our engagement you acknowledge that, if requested by IPA, our files relating to this engagement may be made available for QRP review. Unless otherwise advised, you are consenting to your files being part of a QRP review.
Professional Standards Scheme
As a member of the IPA, we are part of the IPA Professional Standards Scheme and our liability is limited by a Scheme approved under Professional Standards Legislation. For more information on the IPA Professional Standards Scheme or Professional Standards Schemes generally, please refer to: www.psc.gov.au.
Privacy Statement
We are bound by the provisions of the Privacy Act 1988 to maintain all records securely and in accordance with the provisions of that Act. Any breach of these requirements should be notified to the Privacy Commissioner. However, as noted above under “Quality Review”, your file, may be reviewed as part of that process unless you specifically forbid it.
Third Party Involvement:
At times we may outsource some of our work which involves us entering into an agreement with a third party to provide specific processes, functions, services or activities for us. If we decide to do this as part of performing the services for you, we will contact you first to seek your approval to engage other parties.
In providing our services to you, we utilise cloud computing systems such as Xero and Office 365 These cloud computing systems store files on remote servers operated by third parties, including the use of hosting providers in the United States of America, India, Vietnam and in Singapore.
This engagement is a contract between you and us, and you agree that none of the third parties we use will have any liability to you and you will not bring any claim or proceedings of any nature in connection with this engagement against any third party that we may use to provide the services. This exclusion will not apply to any liability, claim or proceeding founded on an allegation of fraud or other liability that cannot be excluded under law.
Yours faithfully
Bianca Coventry
Registered Tax Agent & Managing Director
Client Acknowledgement and Confirmation
I acknowledge that by hitting the “SUBMIT” button I accept the terms of this engagement as have been provided. I shall be personally liable for all fees for services performed in accordance with such agreement.