Client Entity

ELA Name

ELA Address #1

ELA Address #2

ELA Address #2

ELA Mobile

ELA Email

Ref: Client ID

Date

Client Name

Client Entity

Client Address #1

Client Address #2

Client Address #3

Dear Client Name,

Re: Client Name/Client Entity

Client Engagement Letter

We are bound to comply with professional quality standards of CPA Australia and the Tax Practitioner Board (TPB). Accordingly, this is a formal document and confirms our understanding of the terms of our engagement and the nature and limitations of the services that we provide.

Purpose, Scope and Output of the Engagement

This firm will provide accounting and tax compliance services. No audit 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.

This engagement includes the preparation of an Individual Income Tax Return.

All records will be stored digitally and paper copies of prepared reports where applicable will be prepared for distribution to the relevant parties (for example ATO) for the agreed purpose. There is no assumption of responsibility for any reliance on our report by any person or entity other than you and those parties indicated in the prepared documents. Accordingly, our report may include a disclaimer to this effect.

Time Frame

This engagement will commence at time of signing as dated. The first period for which we will be responsible is the current tax year unless otherwise stated.

Our expected time to process the agreed engagement is two (2) days from the time any Request for Information (FRI) has been fully responded to by you or by the ELA on behalf of you our client.

Delays with work completion are the responsibility of the client as well as Etax Local and if documents are not supplied by the client in a timely manner the delays will be the responsibility of the client solely. All parties (client, ELA, EL) need to take responsibility for the lateness of any returns. If there are any penalties for lateness the client needs to acknowledge that they are responsible for ensuring all tax work is completed in a timely manner and by sending reminders if necessary.

If a second RFI is raised please add another one (1) day to the timeframe so the work can be rescheduled and assigned to the appropriate parties. There will be times when we can improve on these timeframes but we advise the completion timeframes so the expectations on time are realistic.

If the agreed engagement is to take priority over other clients to meet a deadline, this can be achieved but normally for a premium fee as we will need to arrange for afterhours work. In addition, ELA in acting for you our client must insure all information is uploaded and checklists completed before changing the status of any job to "Ready for First Review". For any incorrect or incomplete checklists please add another day to the above time frames.

When information has been requested from you by the ELA, the above timeframe recommences from the time all relevant the information is supplied. (Reminder each RFI raised adds another day to the processing time as the job is disrupted and needs to be rescheduled to the three accountants involved in the process, a tax accountant, first review accountant, and senior second review accountant.)

Our EPM workspace is collaborative and the expected job competition date is specified. This date will be altered for each occurrence above so the ELA and you our client have full knowledge of the expected completion date we are all working to and the cause of any delays resulting from the steps above can be seen in the job history.

At the same time, Etax Local acknowledges that all tax work will be completed in a professional manner as per the below engagement.

Responsibilities

Strict confidentiality requirements will be met by us with no disclosure by us to other parties without your consent. You accept that our files may be made available for audits by CPA and TPB and you will be advised in advance.

You are responsible for the reliability, accuracy and completeness of the accounting records and information provided and to provide access for five years. Any advice is only an opinion based on our knowledge of your particular circumstances.

In addition, a taxpayer is responsible under self-assessment to keep full and proper records in order to facilitate the preparation of a correct return. Whilst the Commissioner of Taxation will accept claims made by a taxpayer in an income tax return and issue a notice of assessment, usually without adjustment, the return may be subject to later review. Under the taxation law such a review may take place within a period of up to 5 years after tax becomes due and payable under the assessment. Furthermore, where there is fraud or evasion there is no time limit on amending the assessment. Accordingly, you should check the return before it is signed to ensure that the information in the return is accurate.

Fees

The fee arrangement is based on the expected amount of time and the level of staff required to complete the accounting and tax compliance services as agreed. The fee will be based on the following schedules.

If the fee is expected to change during the course of the engagement, you will be notified. After receipt of all tax records if we determine that the complexity of the job is outside our normal scope we reserve the right to cease work and renegotiate a revised fee to your satisfaction.

We anticipate issuing fee invoice(s) upon completion of providing the agreed services.

Individual Tax Return - Fee Guide Description / Fee Guide
Standard Tax Return / Individual Tax Return / $ 99.90
Individual Tax Return + 1 schedule** / $ 124.10
Under 18yrs Return / $ 71.50
Standard Return
(Fee From Refund) / Individual Tax Return / $ 127.40
Individual Tax Return + 1 schedule / $ 151.60
Under 18yrs Return / $ 99.00
Additional Services / Each Additional Schedule / $ 24.20
Amended Tax Return (original processed by EL) / $ 66.00
Addition fee for prior year return *** / $ 9.00
Additional fee for 2 or more years prior / $ 31.00

** Schedules include Rental, Capital Gain, Business, ETP and PSI

*** Added to standard tax return fee for current tax year

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 .

Ownership of Documents

All original documents 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 an Income Tax Return and ownership of this document will vest in you. All other documents produced by us in respect of this engagement will remain the property of the firm.

The parties agree thatsigning theLOE by both parties is optional and that a covering email sent to the client with this Letter of Engagement (LOE) attached or email to or from the client confirming the receipt or publishing of theLOE or loading theLOE to the client website or producing theLOE on the client collaborative website workspace under theLOE tab will beacceptedbytheELA and the client and all parties involved that thisLOE defines the terms of the engagement between the parties.

We look forward to your confirmation of the above engagement. This letter will be effective for future years unless we advise you of any change.

Kind Regards,

Etaxlocal Accountants Pty Ltd

Liability limited by a CPA scheme approved under Professional Standards Legislation.

...Making tax easy.