We are tax experts and will give you sound strategic advice to lower your tax bill at year end.
Monthly management reporting gives you full visibility into your financial health.
We work with you to develop financial strategies to support sustainable growth.
We manage all of your financial reporting needs to ensure compliance.
"Growth Accounting has effectively played the role of a virtual CFO, allowing me to focus on growing my firm with the confidence knowing my finances are well planned."
"I first met with Growth Accounting when I was just getting started and I've happy to have them on board ever since. I don't have to worry about processing payroll or planning for taxes, I leave all of that up to them!"
Hi John,
It was fantastic meeting you and your executive team today.
You're in a great position to utilize our services. I'm certain that we will provide incredible value to your business via our tax and accounting services.
Please take a look at the brochure to your left and revise the engagement letter at the end of this proposal.
If you're ready to get started, please enter payment details and sign this proposal.
We're excited to work with you!
Thanks,
Tom
Review the current legal structure and status of your group's affairs and break down a list of areas for:
We will then sit down with you to talk you through your options and formally put together an opinion on the best way to minimize your taxes.
Training and support for your team as required, including:
Preparation of annual financial statements and income tax return for the year ended including, but not limited to:
General Consulting work to be carried out as requested.
This work will be limited by the scope below:
** Process optimisation for the accounts receivables team consisting of documenting the current accounts receivables process and providing recommendations of accounts receivables optimisation solutions.
Or
** Business Restructure/ Strategic Planning/ Business Valuation/CFO/ Financial Planning Review
Please enter or select your payment details. Charges will appear on your statement from PI*SKYRISE ACCOUNTI AU.
Please read your terms of service as it contains important information.
Engagement Letter
Dear Directors
Letter of Engagement – Compilation and Taxation Services
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Thank you for instructing us to act as your chartered accountants and business advisers. To ensure that there are no misunderstandings regarding the nature and extent of the services that we will provide to you, this letter together with the attached Service Requirements Checklist, record the entire agreement between us in relation to our engagement.
Terms of Engagement
On the basis of information and instructions you provide, we will compile any required financial statements for you. This engagement will be performed in accordance with (include specific engagement standard here) specifies that on completion of the engagement we will issue a compilation report and an appropriate disclaimer which will form part of the financial statements. An example of this documents is attached for your reference.
In addition, we will carry out other tasks as specified by you on the Service Requirements Checklist.
The services to be provided will include all matters ancillary to those services such as, for example, dealing with and responding to queries raised by the Inland Revenue Department.
This letter of engagement will apply in respect of your financial year end and for future years unless otherwise agreed.
Extent of Services
We will not audit, review or carry out any other checks on the accuracy or completeness of the information you provide. It is up to you to give us accurate and complete information to enable us to provide the services described in this letter and we accept no liability for the accuracy or completeness of any information supplied by you in any form.
Accordingly, no assurance on any assertions contained in the financial information compiled will be provided.
Our engagement does not include the investigation or discovery of internal control weaknesses, errors, illegal acts or other irregularities, including without limitation, fraud, or non compliance with laws and regulations. However, we will inform you of any such matters which come to our attention during the course of our engagement.
The information you are to supply and any other information that we consider necessary to complete the engagement must be provided in a timely manner in order for the assignment to be completed on a timely basis.
If the services to be provided include tax compliance services then the following will apply:
Independence
Independence is not required for a compilation engagement. If we are aware that we are not independent of the entity for which we are preparing financial statements, this fact will be stated in our compilation report. However, we will not conduct a comprehensive review to determine whether we are or are not independent of the entity.
Use and Distribution of the Financial Information
We understand that the intended use and distribution of the financial information we will compile is for the special purpose management reporting and of calculating income tax. If this should change in any material respect, you will inform us immediately.
You may make copies of any reports for your own internal use or for providing to a third party. However, we accept no duty or responsibility to any party other than yourself who may seek to rely on our reports and furthermore you indemnify us against any claim by such other party in respect of the reports.
Information and Disclosure
All assignments will be conducted in accordance with the professional standards, rules and ethical requirements of (Include Chartered Accountants group here). Information we obtain in the course of this engagement is subject to confidentiality requirements, in addition to our obligations under the Privacy Act 1993. We will not disclose that information to other parties without your express consent, except as required by law or professional obligations. In order for us to perform your assignments efficiently we require authority to liaise with both the Inland Revenue Department and other financial institutions that you are connected to. An Authority to Disclose and Receive Information form for each entity and individual is attached to this letter which we need signed and returned to us.
Guarantee
You are the judge of our performance. If you think the fee is excessive for the work done, you pay only what you think is reasonable. If you are dissatisfied with our work you are invited to contact myself, I will investigate without cost to you and suggest a remedy.
Limitation of Liability
At all times we will use reasonable skill and care in providing our services to you. However, in spite of this our liability to you whether in contract, tort, equity or otherwise, for any loss or damage or expenses (including legal costs) suffered or incurred directly by you as a direct result of any act or omission by us in providing our services, shall be limited to a maximum amount equal to the fee (excluding GST, disbursements and expenses) paid to us by you in respect of the services in question. If the Services were provided in respect of more than one financial year the fee on which the liability amount is based shall be the fee paid in respect of the financial year in respect of which the act or omission occurred. Any claim against us must be brought within twelve months of the date on which we complete the services.
Fees and Payment
Unless otherwise agreed with you in writing our fees are calculated on the basis of the time spent on the assignment by our team and on the levels of skill and responsibility involved.
If required by you we will provide you with either an estimate, or firm quotation, of the fees involved prior to commencing an assignment.
Our invoices will generally be issued on a monthly basis and all invoices will be due for payment on the 20th of the month following invoice date. We reserve the right to charge interest on overdue amounts at a maximum rate of 15% per annum.
You should be aware that, like all other providers of services, we are entitled to retain possession of your records that have been used in relation to this engagement until outstanding fees are settled.
Authorisation
So that we comply with the Privacy Act 1993, the Tax Administration Act 1984 (to the extent that it applies) and any other law relating to privacy while providing services to you, you agree to complete and execute the Authority to Disclose and Receive Information forms attached to this letter. We may ask you for other authorisations if necessary.
Money We Hold for You
We may sometimes hold money on your behalf. It will be held in trust in a client bank account, which is completely separate from the firm’s funds. (Include Chartered Accountants group here) has strict rules about the way accountancy firms must handle their clients’ money and we follow these rules.
Ownership of Work Papers
Material that you provide to us remains yours and will be returned to you when the engagement is completed. Work papers that we create remain our property.
Where we provide taxation services for you we will store tax records that we hold on your behalf for a period of seven years after the applicable balance date. At the end of that period, unless you ask us to send that information to you, the records will be destroyed using a secure document destruction service.
Non accounting advice and financial advice
This firm does not provide legal or financial advice. Any opinion expressed should be confirmed by the appropriate professional. Any comment made on the subject of legal or investment matters should be interpreted as only a personal view and not professional advice.
Future Years
This letter applies for future years unless you or we wish to end or change the arrangement.
Conclusion
If you have any questions regarding this letter of engagement please do not hesitate to call us. It is a requirement of (Include Chartered Accountants group here) that we provide you with this letter and that you return a signed copy to us. In order to signify your acceptance of the terms of engagement, please sign this letter and return it to us with the following:
We appreciate your business and thank you for engaging us.
Yours faithfully
John Smith, Director, Elite Accounting Services
Acknowledged on behalf of XYZ Limited by:
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The Elite Accounting Services Authority to Disclose and Receive Information (Business)
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IRD No. {{ client.company_number }}
We hereby record the following:
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