Thank you for choosing Lange Tax & Financial Services to assist with the 2023 taxes for your business. This letter confirms the terms of the engagement and outlines the nature and extent of the services we will provide. We will prepare the 2023 federal and state income tax returns for your business. We will depend on management to provide the information we need to prepare complete and accurate returns. We may ask management to clarify some items but will not audit or otherwise verify the data submitted.
We will perform accounting services only as needed to prepare the tax returns. Our work will not include procedures to find defalcations or other irregularities. Accordingly, our engagement should not be relied upon to disclose errors, fraud, or other illegal acts, though it may be necessary for management to clarify some of the information submitted. We will inform management of any material errors, fraud, or other illegal acts we discover.
The law imposes penalties when taxpayers underestimate their tax liability. Call us if there are any concerns about such penalties. Should we encounter instances of unclear tax law, or of potential conflicts in the interpretation of the law, we will
outline the reasonable courses of action and the risks and consequences of each. We will ultimately adopt, on behalf of your business, the alternative selected by management.
Our fee will be based on the time required at standard billing rates plus out-of-pocket expenses. Invoices are due and payable upon presentation. To the extent permitted by state law, an interest charge may be added to all accounts not
paid within thirty (30) days.
We will return the original records to management at the end of this engagement. Store these records, along with all supporting documents, in a secure location. We retain copies of the records and our work papers from the engagement for up to seven years, after which these documents will be destroyed.
If management has not selected to e-file the returns with our office, management will be solely responsible to file the returns with the appropriate taxing authorities. The officer should review all tax-return documents carefully before signing them. Our engagement to prepare the 2023 tax returns will conclude with the delivery of the completed returns to management, or with e-filed returns, with the tax matters representative's signature and our subsequent submittal of
the tax return.
To affirm that this letter correctly summarizes the arrangements for this work, sign the enclosed copy of this letter in the space indicated and return it to us in the envelope provided. Thank you for the opportunity to be of service. For further assistance with your tax return needs, contact our office at (708)478-5005.
By signing below, you hereby acknowledge and consent to the merger of your documents and services merged from Lange Tax & Financial Services to GJM Advisory.
Sincerely,
GJM Advisory