I, Kalina Induru, am pleased to accept the appointment as your Tax Agent to prepare and lodge your Individual Tax Returns. This letter and the enclosed Terms and Conditions set out our terms of engagement.

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Objective and Scope of Tax Services

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As your Tax Agent, we will prepare and lodge your Individual Income Tax Return(s) for each financial year due.

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We will continue acting as your Tax Agent until another Tax Agent adds you as their client or you will remove us using your myGov account. During the time we are listed as your Tax Agent, we may be in communication with you about your tax compliance and any debts that might arise on your ATO accounts. We will always act in your best interest to ensure that you are tax compliant.

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When all answers are provided within the required format, we will endeavour to finalise your Tax Return within 2 weeks from receipt of information. We will be working on first-in first-out basis. If your Tax Return is urgent, please advise us of nature of urgency or a due date required and we can prioritise finalising it for additional 20% of standard fee. Delays may be caused by missing or vague answers, which will require us to contact you for clarification or additional information. Delays may also be caused by high volume of work, so if we are already outside of the 2 week completion period, please feel free to send us a follow up e-mail.

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In addition, we may assist you with the following services, if required:

• Application for Medicare Levy Exemption

• ATO Payment Plan assistance

• Variation of your PAGY Instalments

• Remission of ATO penalties or General Interest Charges

 

Fees

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By proceeding with our services, you acknowledge and agree to these terms, including the possibility of fee adjustments after the Tax Return completion. You also acknowledge, that once we receive your tax information, we will commence your work which will incur the fee. You also agree that our fee will be due and payable even if you decide not to proceed with your Tax Return lodgement, for any personal reason.

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A detailed fee schedule is attached to Engagement Letter. Please note that our pricing is subject to change effective 1 July each year, in line with the beginning of the new financial year.

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A quote will be provided only to first-time clients or in cases where multiple-year Tax Returns are to be prepared. This quote will be based on a standard base fee, assuming the Tax Return includes either salary/wage income only or ABN income only, regardless of any initial information submitted by you.

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Once all requested information from you has been received and reviewed, and the Tax Return has been completed, the final fee may be adjusted based on:

• Additional income components not included in the base quote, such as:

  • Rental Properties

  • Cryptocurrency transactions

  • Investment or capital gains

  • Income from both salary/wage and business activity

• The time and effort required to collate your information, or to reconcile GST with quarterly lodgements, etc

 

Where applicable, an updated invoice will be issued to reflect services or complexities not covered by the initial standard quote upon completion of Tax Return.

 

Payment Terms

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Payment terms are as follows:

• First-time clients:

  • For a single-year return, full payment is required upfront before any work begins.

  • For multi-year returns, a 50% upfront deposit is required, with the remaining balance within 7 days from the date of invoice/completion of the Tax Return; or payment from refund of the balance payment may be requested.

• Returning clients: Payment is due within 7 days from the date of invoice/completion of the Tax Return; or payment from refund may be requested.

 

Please note, that lodgement of your Tax Return will be done once copy of your signed Tax Return is sent to us together with a confirmation of payment. Absence of each of these may result in delayed lodgement.

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When payment from refund was requested, our fee will be deducted from any refund monies received directly into our Trust Account, and the balance of the funds will be forwarded to you within 3 business days of receipt from the Australian Taxation Office.

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You can view our pricing here.