TAX PREPARER REVENUE SHARE AGREEMENT

By and between GGSolutions, a Deleware corporation with its principal place of business at 8 The Green Suite A
Dover , DE, 19902 ("Company"), and 

 

1. Revenue Share 

 

The parties agree to a 60/40 revenue share on all income generated from tax preparation services provided by the Tax Preparer. The Tax Preparer's share will be paid out weekly, contingent upon the revenue being received by the Company.

 

2. PTIN Requirement

 

The Tax Preparer must have a valid Preparer Tax Identification Number (PTIN) and shall provide a copy to the Company upon execution of this Agreement.

 

3. Software And Training Costs

 

The Tax Preparer acknowledges and agrees that a one-time software and training cost of $499 minus the $39 start-up fee ($460) will be deducted from their first revenue share payout. This fee covers the necessary software and training required for tax preparation.

 

4. Payout Terms 

 

 

• Payout Frequency: The tax preparer will receive weekly payouts.

• Eligibility: Payouts are contingent upon the completion of tax returns that utilize bank products.

• Revenue Condition: Payments will only be issued after the company has received the corresponding revenue.

• Initial Payout: The first payout will be sent minus a [startup fee] software fee and a [60/40] split. This software fee will be initiated after one tax return has been transmitted. If no tax return has been transmitted, no additional fees will be incurred.

 

 5.Compliance With Company Policies And Procedures

 

The Tax Preparer agrees to adhere strictly to the Company’s policies and procedures, including the due diligence process established by the Company. The Tax Preparer must comply with all IRS due diligence requirements, including but not limited to:

• Earned Income Tax Credit (EITC)
• Child Tax Credit
• Filing statutes
• Exemptions and deductions
• State tax laws
• Non-refundable credits
• Refundable credits
• Applicable IRS tax forms

 

 

6. Review Of Tax Returns

 

All tax returns prepared by the Tax Preparer will be reviewed by the Company prior to submission to the IRS. Should the Tax Preparer fail to follow Company policy, the Company reserves the right to withhold submission of the tax return to the IRS.

 

 

7. Client Responsibilities

 

The Tax Preparer is responsible for handling all client issues, including but not limited to:

• Audits
• Gathering necessary documentation and client information
• Addressing client inquiries and concerns

 

8.Confidentiality And Non-Disclosure

 

The Tax Preparer agrees to maintain the confidentiality of all proprietary information and client data obtained during the course of their work. This obligation extends beyond the termination of this Agreement.

 

9. Non- Disparagement

 

The Tax Preparer agrees not to make any disparaging remarks or statements about the Company, its owners, or its employees, either during or after the term of this Agreement.

 

10. Indemnification

 

The Tax Preparer agrees to indemnify and hold harmless the Company from any claims, losses, damages, or liabilities arising from the Tax Preparer's actions, including but not limited to tax fraud or violations of applicable laws and regulations.

 

11. Termination

This Agreement may be terminated by either party with 30 days written notice. Upon termination, all rights and obligations under this Agreement shall cease, except for obligations regarding confidentiality and indemnification.

 

12. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of Deleware.

13. Entire Agreement

 

This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements, whether written or oral.

 

14. Amendments 

 

Any amendments to this Agreement must be made in writing and signed by both parties.

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

Company Name: GGSolutions

Owners Name : Diamon Bray

Owners Title: Owner/ Tax Preparer

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