TERMS AND DEFINITIONS OF CONSULTING AGREEMENT
Our Consulting Agreement (COAG) will set out in an email between Browne & Company and you the Client, these terms and definitions.
BusiCare Pty Ltd - ABN 62 001 935 986: is a company conrtolled by Phillip Browne, Registered Tax Agent (RTA: 7581 9000), Chartered Tax Adviser (CTA) trading as Browne & Company - Business Consulting. If you have any queries please ask Anna Hughes, Business Manager on email@example.com.
COAG Purpose: A short statement of purpose for our COAG with you.
Objectives of the COAG: A brief summary of the objectives of the COAG including reference to the fact that:
(a) procedures to be performed will be limited exclusively to those related to the COAG;
(b) neither an audit nor a review will be conducted and, accordingly, no assurance will be expressed; and
(c) unless otherwise agreed, the COAG cannot be relied upon to disclose irregularities, including fraud, other illegal acts and errors that may occur.
Scope of the COAG: Pertinent details of such matters as: (a) time periods covered by the COAG; (b) period of appointment and time schedules; (c) references to any legislation and professional standards that may be relevant to the COAG; (d) Client operations or procedures to be included in the COAG; (e) details of information to be provided by the Client; (f) any limitations on the conduct of the COAG; and (g) other matters considered necessary or appropriate.
COAG output (Result): Details of reports or other anticipated outputs, including: (a) expected timing; (b) the intended use and distribution of reports; (c) the nature of any anticipated disclaimer or arrangement that limits our liability to the Client or any other user of the results of the COAG.
Relative responsibilities: Responsibilities agreed upon, detailing those acknowledged to be the responsibility of Browne & Company:
(a) including reference to relevant confidentiality requirements;
(b) the Client, noting the fact that the Client is responsible for the completeness and accuracy of information supplied to Browne & Company; and (c) any third party.
Involvement of others: Where the work of another pesron is to be used on some aspects of the COAG, the details of this involvement should be documented in the COAG.
People who undertake your work: The people who may undertake your work include;
Phil – Director firstname.lastname@example.org 0412 135 402
Anna – Business Manager email@example.com 0466710094
Suet – Bookkeeper firstname.lastname@example.org
Lucie – Personal Assistant email@example.com
Tax Consultant - via firstname.lastname@example.org
*Please note that our people work part time hours, often remotely.
Where applicable hourly rates are $300 plus gst for Phillip and the Tax Consultant and others are $200 per hour. Bookkeeping work depends on the level of bookkeeper experience required and ranges from $80 to $120 per hour. Rates will be explained in your COAG.
Fixed Fees and Disbursements
We aim to charge fixed fees wherever possible. The disbursements that may be charged to you during your work are as follows and are subject to change at any time.
The fees below are inclusive of administration time and excluding GST:
COVID-19 Stimulus Support
Job Keeper 1.0 - Successful eligibility application - $1,500 (unsuccessful is $0)
Job Keeper 1.0 - Alternative test eligibility - $1,500 (unsuccessful is $0)
Job Keeper 2.0 - Successful eligibility application - $900
Job Keeper 2.0 - Ongoing monthly declaration - $200 per month.
Cash Boost management - based on hourly rate of time to process BAS.
NSW Land tax relief success (apply by 31 Dec 2020) - based on hourly rate of application process
NSW Covid19 $10,000 grant success - $900 (aplications have closed)
NSW Covid19 $3,000 grant success - based on hourly rate of application process (aplications have closed)
Personal Tax Return - Starts from $300
Xero software set up - $150 per entity
Members voluntary liquidation – basic - $2,200
Company strike off - $1,500
Requisition for tax clearance - $420
Reconstruction of statutory records - $330
Report Preparation - $200
QS Report preparation - $1,500
Searches and Registrations
ASIC Company Search (Current) - $75
ASIC Company Search (Historical) - $100
ACNC Search General - $75
ATO Search General - $75
DASP Search and changes - $75
ABN Search and changes - $75
ASIC People Search $125+
PPSR Search - $75 per item/entity
PPSR Registration or Removal - $330 per entity/item
Registrations e.g. ABN, GST, TFN, PAYG and Business Names $150 each
Unclaimed Monies and Superannuation search- $75
Taxation research on Taxation Institute Tax Knowledge Exchange $132
Data matching query from ATO - Minimum $150
Revenue NSW - Land searches - $75
Revenue NSW - First Land Tax Return - $250
Trust Account Operation - $40 per month
ASIC Annual Review service (outsourced to Tinworth&Co) $200 annually
Forming a company (includes TFN, ABN, GST and all meetings and admin) - $2,600
Forming of Trust with a Trustee company (includes TFN, ABN, GST and all admin) - $3,000
Stamping (includes Stamp Duty in NSW) - $750
Meeting Room Hire - $75 per hour
Tolls. parking and travel in Sydney regions - $100 per hour
Other disbursements, not listed, are at cost, plus an administration fee.
Fees and billing arrangements: Reference to the basis of fees (e.g. time-based billing, fixed price contracts, contingent fee arrangements or other similar agreement). Details of agreed upon billing schedules, including standard terms which are 14 days.
Ownership of documents: The COAG will make clear who owns any documents produced as a result of the COAG or provided by the Client for such a purpose including electronic data.
Confirmation by the Client (Acceptance): Request for a response from the Client confirming your understanding of the Terms of the COAG as outlined in the COAG. It is preferable, but not obligatory for this confirmation of Client acceptance of the COAG to be obtained in a written form.
Benefits: If applicable, a statement of likely benefits will be outlined in your COAG.
Terms of the Consultling Agreement
By agreeing to the COAG that has been provided to you, you also understand and accept the following:
(a) Integrity – to be straightforward and honest in all professional and business relationships.
(b) Objectivity – to not allow bias, conflict of interest or undue influence of others to override professional or business judgements.
(c) Professional competence and due care – to maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent Professional Services based on current developments in practice, legislation and techniques and act diligently and in accordance with applicable technical and professional standards.
(d) Confidentiality – to respect the confidentiality of information acquired as a result of professional and business relationships and, therefore, not disclose any such information to third parties without proper and specific authority, unless there is a legal or professional right or duty to disclose, nor use the information for the personal advantage of the Member or third parties.
(e) Professional behaviour – to comply with relevant laws and regulations and avoid any action that discredits the profession.
Changes to Appointment
Changes to appointment with anotherAccountant will generally need to obtain the Client‘s permission, preferably in writing, to initiate discussion with an Existing Accountant.
Trust Account Authority
BusiCare Pty Ltd operates a trust bank account with CBA as a service to clients. The account and records kept are governed by Accounting Professional and Ethical Standards (APES) 310.
By signing this Agreement, you authorise us to:
receive money on your behalf in respect of the COAG into a trust bank account,
pay Trust monies to other persons including yourself and third parties in accordance with instructions provided,
pay any of our invoices in respect of the COAG from monies held in the Trust Account.
Tax Agent Appointment and Taxpayer Declaration to Tax Agent
By agreeing to this COAG, you authorise and declare that BusiCare Pty Ltd trading as Browne & Company is appointed to act as your tax agent (Registered Tax Agent Number 57819000).
You authorise your Tax Agent, Browne & Company to submit any returns, notices, statements, application or other documents including objection and appeal documents to the Commissioner of Taxation as required.
You declare that the information provided by you and contained in documents is true and correct. You will retain this declaration for 5 years from the date of the COAG.
You authorise your Tax Agent, Browne & Company to provide this declaration to the Commissioner of Taxation.
For any questions or notices, please contact Phillip Browne at:
Browne & Company ABN 62 001 935 986
Last update: 10 January 2020