Dear Client,
This letter confirms the terms of our engagement with you and clarifies the nature and extent of the services Fasttrack Accounting (“FastTrack,” “we,” “us,” or “our”) will provide. To ensure a clear understanding of our mutual responsibilities, all clients for whom tax returns are prepared are required to review and accept the terms outlined below.
By providing your signature, you acknowledge that you have read, understood, and agreed to the terms and conditions contained in this engagement letter.
OUR RESPONSIBILITIES
We will prepare your federal, state, and/or local income tax return(s) based solely on the information you provide. We will not audit or otherwise verify the data you submit; however, we may request clarification or additional documentation if information appears incomplete, inconsistent, or unclear.
We may provide guidance to assist you in gathering the information required to accurately complete your return. If additional bookkeeping or cleanup work is required in order to prepare your return, Fasttrack Accounting reserves the right to assess additional bookkeeping or administrative charges.
Specifically:
We may ask for clarification or supporting documentation related to information you submit.
We are not responsible for discovering fraud, embezzlement, or other irregularities should any exist.
We will make reasonable efforts to identify credits and deductions to which you are legally entitled based on the information provided.
Our work in connection with the preparation of your income tax return does not include procedures designed to detect defalcations or other irregularities. Any bookkeeping assistance provided is limited to what is necessary for tax preparation purposes only.
YOUR RESPONSIBILITIES
You are responsible for providing complete, accurate, and timely information necessary for the preparation of your tax return(s). You must retain all records, receipts, and documentation that support income, expenses, credits, and deductions reported on your return, as these may be required by taxing authorities.
You agree to:
Provide all information necessary to prepare a complete and accurate tax return
Respond promptly to requests for clarification or additional information
Retain all documents that substantiate income and deductions
Carefully review all documents and tax returns prepared before signing
Not knowingly provide false or misleading information
Ultimately, you are responsible for the filing of your tax returns. You should review your completed return carefully before signing and approving it for electronic filing with the IRS and/or state agencies.
PENALTIES, EXAMINATIONS, AND NOTICES
Federal and state taxing authorities may impose penalties for various reasons, including but not limited to understating income, late filing, underpayment of estimated taxes, or insufficient tax withholding. Any tax return may be selected for examination.
If your return is examined, you may be subject to proposed adjustments. You retain all rights of appeal provided by law. Audit assistance or representation is not included in this engagement unless separately contracted. Optional audit protection services may be available at an additional cost.
PRIVACY POLICY
FastTrack Accounting LLC is bound by professional standards of confidentiality. We do not disclose nonpublic personal information obtained during the course of our services except as required or permitted by law, or as necessary to properly provide our services.
Types of Nonpublic Personal Information We Collect
We collect nonpublic personal information provided by you or obtained with your authorization for the purpose of delivering tax and accounting services.
Protecting Confidentiality and Security
We maintain physical, electronic, and procedural safeguards that comply with professional standards to protect your nonpublic personal information.
OUR FEES
Fees are based on time spent, complexity of services provided, schedules and forms required, and any out-of-pocket expenses incurred. Fees are not based on the amount of any refund. Payment is due regardless of whether a refund is received.
ARBITRATION
Any dispute arising out of or relating to this engagement letter or services provided shall first be addressed through good-faith mediation administered by the American Arbitration Association before resorting to arbitration, litigation, or other dispute resolution procedures.
AGREEMENT
This engagement reflects our mutual understanding of the services to be provided. You acknowledge that all income and expenses reported can be substantiated by appropriate documentation. The information you provide is true, correct, and complete to the best of your knowledge. These terms apply to the current year and future years unless modified in writing.
By completing and submitting this intake form, you authorize FastTrack Accounting LLC to electronically file your federal and/or state tax return(s) on your behalf. You confirm that all information provided is accurate and that you have reviewed your return prior to submission.
ABANDONMENT CLAUSE
By submitting this client intake form, you consent to Fasttrack Accounting initiating preparation of your tax return. You agree that a processing fee of $200 may be charged to the bank account on file if:
Your return is rejected because you have already filed or applied for a loan with another tax firm; or
Your return is completed and you fail to sign within 48 hours of being notified that it is ready for signature.
In such cases, your return will be considered abandoned, deactivated in our system, and no further services will be provided.
PLEASE NOTE: By signing this form, you affirm that you have read and understand all terms contained in this engagement letter.
You acknowledge that information provided will be submitted to the IRS and applicable state taxing authorities. Providing false or misleading information is against the law and may result in penalties. FastTrack Accounting LLC is responsible only for errors or omissions attributable to our services and is not responsible for penalties, interest, or tax due resulting from incorrect or incomplete information provided by you.
If you agree with the terms outlined above, please sign below. We appreciate the opportunity to work with you.
Sincerely,
FastTrack Accounting