ENGAGEMENT LETTER — INDIVIDUAL TAX RETURN PREPARATION

This engagement letter is to inform you, the individual client, of the services we will provide you and the responsibilities you have for preparation of your tax return.

Tax Return Preparation

• You authorise Flinders Tax to be your tax agent and our appointment to represent you with the Tax Office.
• We will prepare your tax return based on information you provide. Services for preparation of your return do not include auditing or verification of information provided by you.
• This engagement does not include any audit or examination of your books or records. In the event your return is audited, you will be responsible for verifying the items reported.
• You must review the return carefully before signing to make sure the information is correct.
• The tax return preparation fee does not include bookkeeping.
• Fees must be paid before your tax return is delivered to you or lodged for you. If you terminate this engagement before completion, you agree to pay a fee for work completed.
• A retainer of 50% of the quoted fee is required for preparation of late returns.
• Unless otherwise agreed, our terms are strictly 7 days from the date of invoice. If you do not pay your account by that date, we reserve the right to use a debt collection agency or any other legal means to recover any outstanding fees.
• Fees charged for tax return preparation do not include audit representation or preparing materials to respond to correspondence from the Australian Taxation Office. Such engagements are outside the scope of this general engagement and quoted separately.
• Preparation fees do cover limited assistance and consultation during the year. Additional services will incur additional/separate service fees under a separate scoping engagement.
• The engagement to prepare your tax returns terminates upon delivery of your completed returns and original documents to you. Please store your supporting documents and copies of your tax returns in a secure place for at least five years from the date of lodgement, as this information will be required in the event of audit.
• Advice given verbally in the process of preparing your return is not intended to be relied upon unless confirmed in writing. If we provide verbal advice (for example during a meeting or telephone conversation) that you wish to rely on, you must ask us to confirm it in writing.
• We may need to verify your identity and request such information as required for this purpose.
• At peak tax periods we allow a turnaround time of two weeks for completion of your return.

Taxpayer Responsibilities

• You agree to provide us all income and deductible expense information. If you receive additional information after we begin working on your return, you will contact us immediately to ensure your completed tax return contains all relevant information.
• You agree to provide all information necessary for dealing with your affairs, including information which we reasonably request, in sufficient time to enable our services to be completed before any applicable deadline.
• We will rely on the information you provide to be true, correct and complete.
• You confirm that all expenses or other deduction amounts are accurate and that you have all required supporting written records. In some cases, we will ask to review your documentation.
• You must be able to provide written records of all items included in your return if audited by the Australian Taxation Office. We can provide guidance concerning what evidence is acceptable.

Privacy Policy

The nature of our work requires us to collect certain non-public personal information about you from various sources. We collect financial and personal information from applications, worksheets, reporting statements and other forms, as well as interviews and conversations with our clients and affiliates. Under our policy, all information we obtain about you will be provided by you or obtained with your permission, and will not be disclosed to other parties except as required or allowed by law or professional standards, or with your express consent.

Our files may be subject to review as part of the quality control review program of the Institute of Public Accountants Australia, which monitors compliance with professional standards by its members. By signing below you acknowledge that, if requested, our files relating to this engagement will be made available under this program (we will advise you should this occur).

Flinders Tax Accountants & Business Advisors — Tax Agent No. 26294876 — Suite 3, 6-12 Serich Lane, Northbridge WA 6003 — (08) 6187 2305 — admin@flinderstax.com.au. Liability limited by a scheme approved under Professional Standards Legislation.