Welcome to Spencer Accountants!

We are very pleased to welcome you and trust that you will be happy with your choice of accounting practice. Our firm brings together a wealth of accounting, management and business experience through its partners, team members and associates. Our goal is to assist clients achieve their desired business and personal success.

Personal Income Tax Return

Terms Of Engagement

 

Our Services:

• Centro Tax Pty Ltd ATF Spencer Accountants Unit Trust ABN 97 349 751 996 will act as your tax agent in preparation of your personal income tax return.
• We will comply with all legal requirements of the Tax Agents Act and we will keep your information confidential and not disclose this to other parties, except where you request in writing.
• We will prepare your personal income tax return based on information you have provided to us. We rely on this information being true, complete and correct at the time of you asking us to prepare your return. We are not validating or auditing your affairs. It is your responsibility to furnish us with (and retain for at least 5 years after lodgement), all records supporting your tax return in accordance with the law and the substantiation rules outlined on the following page. This engagement does not include assistance in the event of an ATO audit which will incur additional charges where requested.
• Upon the ATO processing your lodgement, your notice of assessment will be posted to you direct from the ATO or sent to you via your MyGov account if applicable. We will review any differences between our software estimation and the ATO’s assessment notice where you have advised us of this occurrence.
• Any refund will be directly deposited into your nominated Australian bank account by the ATO. We do not offer fee from refund options.
  We provide a free monthly newsletter to your email address which you can unsubscribe from at any time.
  Our liability is limited under a scheme approved under Professional Standards Legislation.

 Our Fees:

• Our fee is a result of the time taken to prepare your income tax return, the use of our technical knowledge, and the administration services and software required to prepare and process your lodgement.
• We may, upon request, provide you with an estimated fee after reviewing what is required to complete your income tax return and after your completion of our checklist and queries. Where additional work is required or delays are incurred due to supply of incorrect, or incomplete information, additional charges may apply.
• Our fees may be payable upfront in certain circumstances. Our fees will always be payable prior to lodgement and are payable regardless of the refund result.
• Your tax invoice will be issued upfront where required, or upon completion. We accept payment via EFT, Cash or Credit Card. Our account terms include fees & interest where an overdue account exceeds 30 days.
• Where you have agreed to be referred to one of our referral parties, we may receive a referral fee if you proceed to utilise their services. A referral fee may also be paid to someone if you have been referred to us.

 Your Responsibilities:

• You must read, understand and accept our terms of engagement as well as the substantiation declaration prior to us commencing work on your affairs.
• You must provide full disclosure of all financial transactions that may affect your tax return and to avoid additional charges, you should check that you have supplied everything relevant by reviewing our checklist prior to requesting us to complete your income tax return. For your convenience, you may provide this to us either via interview, drop off, mail, email, or telephone.
• You must respond to queries promptly.
• For your convenience, we will accept a digital signature, or signed documents that have been scanned, emailed, mailed or signed in person.
• Any tax payables must be paid by the due date on the assessment notice. Where payment is not possible, it is your responsibility to contact the ATO and request a payment plan.
• Should you become aware of any errors or omissions, it is your responsibility to advise us immediately in writing. Amended income tax returns after they have been signed and lodged will incur additional charges.