Teams and Conditions

This Agreement ("Agreement") sets forth the terms and conditions under which JB Accounting & Business Services ("the Firm," "we," "us," or "our") agrees to provide tax and accounting services to the Client ("you" or "your"). By engaging our services, you acknowledge and agree to these terms and conditions.

1. SCOPE OF SERVICES

1.1 Services We Will Provide:

(a) We shall prepare your income tax returns and annual accounts for businesses based on the information you provide.

(b) Subject to your timely provision of all necessary information, we will submit your tax return to the Australian Taxation Office (ATO) in compliance with statutory deadlines.

(c) We may provide general tax advice and tax-based structural recommendations, within the scope of our professional qualifications and expertise.

(d) We will act as your tax agent and correspond with the ATO on your behalf as reasonably required.

1.2 Services We Do Not Provide:

(a) We do not conduct audits or provide assurances, certifications, or express opinions regarding the accuracy or completeness of your financial records.

(b) We do not conduct investigations into fraud, irregularities, or unlawful activities. However, if we identify potential discrepancies or irregularities, we will notify you without undue delay.

2. ENGAGEMENT PERIOD

(a) This engagement becomes effective upon receipt of full payment for our services, which constitutes your acceptance of these terms and conditions.

(b) The engagement will conclude upon the successful delivery of the agreed services, including the submission of your tax return, unless otherwise terminated in accordance with this Agreement.

(c) Non-payment of fees as stipulated shall result in the immediate termination of this engagement without further notice.

3. CLIENT RESPONSIBILITIES

(a) You bear sole responsibility for the accuracy, completeness, and integrity of all information provided to us.

(b) You agree to disclose all relevant financial and personal information necessary for us to perform the agreed services.

(d) You acknowledge that you remain ultimately responsible for the financial accounts and tax returns prepared on your behalf, including their accuracy and lawful compliance.

(e) You must promptly notify us of any circumstances that may give rise to a conflict of interest, including but not limited to marital disputes, business restructuring, litigation, or regulatory investigations.

(f) You agree to pay our fees in full and in accordance with the payment terms specified in this Agreement.

4. CONFIDENTIALITY AND DATA PROTECTION

(a) We shall maintain the confidentiality of all client information obtained during the course of this engagement, except as required by law or regulatory obligations.

(b) We shall not disclose your information to any third party without your prior written consent, except where disclosure is mandated by applicable laws or regulatory bodies.

(c) Our records may be subject to professional quality control reviews by regulatory or professional bodies. If such a review is required, we will provide you with prior written notice.

5. LIABILITY AND PROFESSIONAL STANDARDS

(a) We shall perform all services with due care, skill, and diligence, in compliance with the Tax Agent Services Act and all applicable professional and ethical standards issued by the Accounting and Ethical Standards Board.

(b) Our liability in connection with this engagement is limited by a scheme approved under professional standards legislation. Further details of this limitation of liability are available upon request.

6. FEES AND PAYMENT TERMS

(a) Our fees are determined based on the complexity, scope, and nature of the services requested.

(b) Terms for payment of our fee invoices are strictly 7 days from the date of the invoice, unless alternate arrangements have been made.

(d) Amounts not paid within our payment terms are subject to a 2% late fee in addition to ongoing interest accrued and charged monthly at the Australian Taxation Office's Division 7A benchmark interest rate plus 2%.

(e) If you request revisions to your tax return or other deliverables due to new or corrected information, additional fees may apply.

(f) Once a tax return has been completed and provided to you, any decision to file it independently or not use the completed return will not entitle you to a refund of fees paid.

7. OWNERSHIP OF DOCUMENTS

(a) All original documents provided by you remain your property, and we may retain copies for our records.

(b) Any tax returns, financial statements, or other deliverables prepared by us will remain our property until full payment has been received, at which point ownership transfers to you.

(c) Any other documents, reports, methodologies, or work products generated by us, unless expressly transferred in writing, shall remain our intellectual property.

8. TERMINATION OF AGREEMENT

(a) Either party may terminate this Agreement by providing written notice to the other party.

(b) In the event of termination, you agree to pay for all services rendered and costs incurred up to the effective date of termination.

9. GOVERNING LAW AND DISPUTE RESOLUTION

(a) This Agreement shall be governed by, and construed in accordance with, the laws of Australia.

(b) Any disputes arising out of or in connection with this Agreement shall first be referred to mediation. If mediation is unsuccessful, the dispute shall be resolved through binding arbitration in accordance with applicable laws.

10. ACCEPTANCE OF TERMS

By engaging our services and making payment, you acknowledge that you have read, understood, and agreed to the terms and conditions outlined in this Agreement.