Professional Services, Engagement, Terms and Conditions


Starting the Engagement

When you submit to us any financial, tax or accounting information relevant for the engagement on hand it also serves that you acknowledge and agree to the following terms and conditions for our services. Our services may also begin at the earlier of a confirmed request by you for services by us, upon which, this document will be provided to you and any continuation in the engagement serves to be acknowledgment of this “Agreement.” Though not required, this document may be acknowledged by you by electronic or wet signatures, though it is considered agreed upon and executed by you at the moment you begin providing tax or other necessary documents and information needed for the engagement, or there is a confirmed request for services and continued actions customary in the engagement.

Engagements, Scope and Indemnification

Our work will be prepared from the information you provide or make available to us from third parties, including bookkeepers, bankers, or brokers, for items such as financial data, bank statements, or tax statements. We may ask for an explanation or clarification of some items, but we will not audit or otherwise verify your data. Our engagements do not include procedures designed to detect errors, fraud, or theft. Therefore, our engagement cannot be relied upon to disclose such matters and is limited to the professional services outlined. In any engagement, services are performed under the AICPA Code of Professional Conduct and not as an agent of a company, trust or person.

--Scope of Consulting Services: In conjunction or separate from Tax Return engagements, include but are not limited to, computations, tax planning, projections, assistance with other tax form completions, documentation or application, and communications or letters to tax agencies.

-- Scope of Tax Returns: We will prepare tax returns solely for filing with the Internal Revenue Service (“IRS”) and state and local tax authorities as identified. We have not been engaged to and will not prepare financial statements for your internal or external use. We do not prepare additional tax returns (ie. payroll, sales, gift or estate tax) that were not initially identified without your written request and our consent.

-- Scope of Bookkeeping or Accounting: We may deem it necessary to provide you with limited accounting and bookkeeping assistance solely to prepare the tax returns. These services unequivocally will not constitute as Attest Services or as an engagement or issuance of Financial Statements by a CPA. Any transaction classifications, categorizations, or suggested journal entries are explicitly not in the capacity of an independent contractor, employee, management, or as any type of an agent of you, the company, business, or in any manner. Additional charges may apply for such services if deemed excessive and necessary.

-- Attest Services: We do not perform any attestation services, such as financial statement preparation, presentation, compilations, reviews or audits. Our work is not intended to benefit or influence any third party, either to obtain credit or for any other purpose (i.e. "mortgage letters").

You agree to indemnify and hold us harmless with respect to any and all claims arising from the use of the tax returns or any works by us for any purpose (i.e. mortgage or credit applications) other than filing with the IRS and state and local tax authorities or for which the work was specifically intended, regardless of the nature of the claim, including the negligence of any party.

Timing for Work and Tax Work

It is your responsibility to provide all the information required for the engagement or prepare complete and accurate returns during the engagement. Work is queued and processed in order of when complete data is received. However, some engagements, like for accounting or consulting services, may be prioritized for after significant public deadlines (ie. April 15) Strong effort is made to prepare and file a tax return as quickly and soon as possible.

If data for engagements with set deadlines, like tax returns is provided late, or slowly, or in “drips”, there may be a delay in preparing and, thus, filing the return. If available, you may be required to request an extension if we do not receive all the required information allowing sufficient time to complete the engagement. For rush or expedited services, an additional fee may be assessed.

Fees, Billings and Payments

Professional fees for services are limited to those tasks we deem necessary for the engagement. Our fees reflect the complexity of the work, time involved, years of experience, professional software costs, imputed operating expenses, plus extraordinary out-of-pocket expenses, such as outside service fees, courier, or postage. Fees are impacted by the timely delivery, availability, quality, and completeness of the information you provide to us. Data provided slowly, by “drip” (small pieces at a time), or in unorganized or inconsistent formats could substantially increase the total fee assessed.

Consulting, tax preparation, special projects or excess time required for engagements are billed at our standard billing rate of $300 per hour, in 1/4 hour increments. Estimates given are based upon information initially provided to us, where actual fees may vary as circumstances change and/or new or corrected information is presented. Once services have begun, you agree to pay a minimum of $450, per to cover fees and expenses incurred to date, whether or not we prepare the completed tax returns, or any consulting service, for any reason.

Payment is due when an invoice is presented. If the completed return/project is for an entity such as a closely held corporation, partnership, limited liability company, trust, or other entity, the person receiving the completed return/project or signing that return agrees to be personally liable for our fees if not paid directly from the entity.

We reserve the right to suspend or terminate our work for non-payment of fees. Retainers, or nonrefundable deposits, may be requested at our discretion or for new clients or more extensive engagements. A retainer or nonrefundable deposit should not be considered payment in full, rather, it will be applied to the final amount due. Accounts with unpaid balances are given a minimum 30-day grace period, after which they are subject to a monthly $25 late charge, for any remaining unpaid balance. Returned fees for any reason, non-sufficient funds, check, paper or electronic, or due to account entry error by you, will be charged an additional $15 fee.

Termination and Withdrawal

By any form of written or electronic notice, either party has the right to terminate and cancel this engagement at any time, for any reason, even without us completing services, for non-payment of fees, or if we determine our professional standards are infringed upon.

If you cancel and we have performed any work up to receiving your cancellation notice, you agree to pay us the greater of the minimum mentioned above, or the total of expenses incurred and work performed based upon our current rate schedule. In such a case, we would use any deposits or payments already received to apply them to your account and the balance will be due immediately. If our work is suspended or terminated by either party, we will not be responsible for your failure to meet other deadlines, filing or paying of taxes, including but not limited to penalties or interest that may be assessed against you resulting from your failure to meet such deadlines.

Concluding The Engagement

This Agreement concludes upon delivery of the service provided. We will not update our advice after the conclusion of the engagement for subsequent legislative or administrative changes or future judicial interpretations. To the extent we provide written advice concerning federal tax matters, we will follow the guidance in Circular 230, §10.37, Requirements for Written Advice.

Other Engagement Clauses, Privacy, Terms, and Conditions

Please review the Other Engagement Clauses, Privacy, Terms, and Conditions, which cover items such as confidentiality, tax positions, tax shelters, record management, and other important items fully included as part of this engagement. http://YoungFTA.com/other-clauses-privacy-terms-and-conditions.html

Severability

If any portion of this agreement, including the "Other Engagement Clauses, Terms, and Conditions," is deemed invalid or unenforceable, said finding shall not operate to invalidate the other terms outlined in this agreement.

We appreciate the opportunity to serve you in this important work. If you have questions about the contents of this letter please call us.

Sincerely,

ROBYN D. YOUNG, CPA, LLC

___________________________________ Name/Responsible Person

___________________________________ Trust/Business Name, if applicable

___________________________________ Date

___________________________________ Email Address

___________________________________ Phone Number

Not required, but if desired, please type/print/write above to sign and accept.