1. Services                                   

The Accountant agrees to provide the following services selected by the Client.  

The Accountant shall conduct the Services in accordance with specifications set by the Client and the Accountant shall at all times observe and comply with generally accepted bookkeeping and accounting standards and comply with all federal and state laws or regulations applicable to this Agreement.

2. Payment

In consideration for the Services to be performed by the Accountant, the Client agrees to pay from One of the following methods 2a or 2b:

3. State and Federal Taxes

                          CLIENT WILL NOT:

      (a). withhold FICA (Social Security and Medicare taxes) from payments or make FICA payment on the accountant’s behalf

      (b). withhold state or federal income tax from accountant’s payments or

      (c). with any other state or federal payroll taxes or make any contributions on the accountant’s behalf

Accountant will pay all taxes incurred while performing services under this agreement including all applicable income taxes and self-employment taxes.

4. Standard of Performance              

The Accountant hereby agrees that it shall follow the highest professional standards in performing all Services to be provided under this Agreement.

5. Necessary information & Materials 

The Client will be solely responsible to supply the Accountant all information, materials, data, and documents necessary to perform the Services agreed under this Agreement. The Client acknowledges and agrees that the accuracy of financial information supplied to the Accountant is the sole responsibility of the Client. The Accountant shall not be held responsible for the production of inaccurate financial statements, records and billings, or any other financial reports if the financial data submitted by the Client is inaccurate.

6. Terms

This Agreement is effective on the date of execution and shall be in effect until the end of the agreement's termination date or after a 30-day written termination notice has been given.  A contract buyout will be provided in the event of an Early Termination. See Termination section for additional details.

Should the client need a package that provides additional hourly services in the course of a month, the parties may agree to upgrade this Agreement at any time by signing a new contract.  

7. Expenses

The Client agrees to reimburse any pre-approved out of pocked expenses incurred by the Accountant in connection with the Services, including, but not limited to, travel expenses, audit fees, tax fees, postage, etc.

8. Confidentiality

The Accountant, in the course of performing the Services hereunder may gain access to certain confidential or proprietary information of the Client. Such “Confidential Information” shall include all information concerning the business, affairs, products, marketing, systems, technology, customers, end-users, financial affairs, accounting, statistical data belonging to the Client and any data, documents, discussion, or other information developed by the Accountant hereunder and any other proprietary and trade secret information of the Client whether in oral, graphic, written, electronic or machine-readable form.

The Accountant agrees to hold all such Confidential Information of the Client in strict confidence and shall not, without the express prior written permission of client,

(a). disclose such Confidential Information to third parties; or

(b). use such Confidential Information for any purposes whatsoever, other than the performance of its obligations hereunder. The obligations under this Section shall survive termination or expiration of this Agreement.

9. Termination

(a). Either party may terminate this Agreement for convenience by providing a thirty (30) days written notice (“Termination Notice”) to the other party. If there is life remaining on the agreement, an early termation payment will be assessed and billed to the client for remaining life if client terminates agreement.

(b). If a party violates its obligations to be performed under this Agreement, the other party may terminate the Agreement by sending a thirty (30) days’ notice in writing. Upon receiving such notice, the defaulting party shall have thirty (30) days from the date of such notice to cure any such default. If the default is not cured within the required thirty (30) day period, the party providing notice shall have the right to terminate this Agreement. If there is life remaining on the agreement, an early termation payment will be assessed and billed to the client for remaining life if client terminates agreement.

(c). If Tax Preparation services are inclusive in the Agreement, said company can discharge us at any time. We may withdraw with your consent at any time under the following circumstances:

• Failure to pay fees or costs as required by this agreement,
• Refusal to cooperate with us or follow our advice on a material matter,
• Circumstance that would render our continuing representation unlawful or unethical

Notwithstanding our withdrawal, you will remain obligated to pay us at the agreed rates for all services provided, and to reimburse us for all costs advanced, before the withdrawal. If we are required to bring a legal action of any type in order to collect moneys owed, you will reimburse us for the costs of such action, including reasonable attorney fees.

If you do not plan to retain our firm for tax preparation services but fail to respond to our inquiries or fail to contact or advise us of discontinuance of our service, then we may automatically extend your tax return at a cost of $399.00.

10. Tax Preparation 

(a). Scope of Services. We will prepare annual federal and state income tax returns from information submitted. We do not express an opinion nor are we confirming the accuracy of information provided. With limited authority on certain situations pertaining to this return we can speak to the IRS on behalf of the company.

(b). Client's Duties. To the best of your knowledge, you confirm that the information submitted to us to prepare tax returns are correct and includes all income, deductions and other information necessary for tax preparation. The information provided is the company's own representation to which deemed true and accurate and has been provided with a reasonable amount of time to allow us to adequately prepare the return.

(c). Privacy. Affluent Tax & Accounting Services will take every precaution to safeguard clients’ information and prevent identity theft.

(d). Preparation Fees. The current 1st hour rate are set forth below for Small Business Returns Federal Form(s):

• Fiduciary, 1041 - $599.00
• Partnership, 1065 - $689.00
• Corporation/S-Corp, 1120/1120s - $799.00

Rates do not include an applicable 40% discount when both tax & accounting services are combined and billing is currect. 

(e). Invoices. Separate billing will be provied for tax paration.  Fees and costs are due upon services rendered/receipt of invoice is provided. 

(g). Document Retention Policy. Our engagement is confidential, so we will not disclose any information about the company unless we are required/permitted by law. This applies even if the comapny is no longer a client of Affluent Tax & Accounting Services. We are required by law to retain tax returns and any documents used to complete it for up to 7 years depending on the action, expense or event which the document records.  hereby agree to our retention requirements 

11. Assignment

The Accountant shall not assign any of their rights under this Agreement, or delegate the performance of any of the obligations or duties hereunder, without the prior written consent of the Client and any attempt by Accountant to so assign, transfer, or subcontract any rights, duties, or obligations arising hereunder shall be void and of no effect.

12. Notices

Any notices, bills, invoices, or reports required by this Agreement shall be deemed received on

(a). the day of delivery if delivered by hand, fax or email before or during receiving party’s regular business hours or

(b). on the second business day following deposit in the United States mail, postage prepaid, to the addresses heretofore below, or to such other addresses as the parties may, from time to time, designate in writing pursuant to the provisions of this section.

13. Dispute Resolution

All disputes under this Agreement shall be settled by arbitration in Illinois before a single arbitrator pursuant to the commercial law rules of the American Arbitration Association. Arbitration may be commenced at any time by any party hereto giving written notice to the other party to a dispute that such dispute has been referred to arbitration. Any award rendered by the arbitrator shall be conclusive and binding upon the parties hereto. This provision for arbitration shall be specifically enforceable by the parties and the decision of the arbitrator in accordance herewith shall be final and binding without right of appeal.

14. Severability

If any provision of this Agreement shall be held to be illegal, invalid or unenforceable under present or future laws, such provisions shall be fully severable, this Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part of this Agreement; and, the remaining provisions of this Agreement shall remain in full force and effect.

15. Limitation of Liability

IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL OR EXEMPLARY DAMAGES, INCLUDING WITHOUT LIMITATION, BUSINESS INTERRUPTION, LOSS OF OR UNAUTHORIZED ACCESS TO INFORMATION, DAMAGES FOR LOSS OF PROFITS, INCURRED BY THE OTHER PARTY ARISING OUT OF THE SERVICES PROVIDED UNDER THIS AGREEMENT, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT WILL NEITHER PARTY’S LIABILITY ON ANY CLAIM, LOSS OR LIABILITY ARISING OUT OF OR CONNECTED WITH THIS AGREEMENT SHALL EXCEED THE AMOUNTS PAID TO THE ACCOUNTANT DURING THE TWO ( 2 ) MONTH PERIOD IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO SUCH CLAIM OR ACTION BY THE CLIENT OR THE LIMITS OF THE ACCOUNTANTS PROFESSIONAL LIABILITY POLICY, WHICHEVER IS GREATED OF THE ERRORS AND OMMISSIONS POLICY THAT IS IN PLACE.

16. Indemnification

Each party shall at its own expense indemnify and hold harmless, and at the other party’s request defend such party its affiliates, subsidiaries, successors and assigns officers, directors, employees, sublicensees, and agents from and against any and all claims, losses, liabilities, damages, demand, settlements, loss, expenses and costs (including attorneys’ fees and court costs) which arise directly or indirectly out of or relate to

(a). any breach of this Agreement, or

(b). the gross negligence or willful misconduct of a party’s employees or agents;

17. Entire Agreement

This Agreement is the final, complete and exclusive agreement of the parties with respect to the subject matter hereof and supersedes and merges all prior or contemporaneous representations, discussions, proposals, negotiations, conditions, communications and agreements, whether written or oral, between the parties relating to the subject matter hereof and all past courses of dealing or industry custom. No modification of or amendment to this Agreement shall be effective unless in writing and signed by each of the parties.

18. Waiver

The waiver by either party of a breach of or a default under any provision of this Agreement shall not be effective unless in writing and shall not be construed as a waiver of any subsequent breach of or default under the same or any other provision of this Agreement, nor shall any delay or omission on the part of either party to exercise or avail itself of any right or remedy that it has or may have hereunder operate as a waiver of any right or remedy

19. Applicable Law

This contract shall be governed by the laws of the State of Illinois, USA and any applicable Federal

20. Signatures

Accountant Signature

Accountant Signature Date:  {clientSignature107}