Nexus Tax & Accounting Solutions Terms & Conditions
ABN: 51 624 527 831
Lodging Your Tax Return:
Your personal information will be used for checking your tax records and income for past and present years. We have legal obligations to check your tax records to ensure that all your income is properly recorded.
Your personal information will be protected in accordance with the Privacy Act and will not be shared with third parties unless we are compelled to do so by law, or to provide you with the services for which we have been engaged. We are legally bound to protect your personal information.
This engagement includes attending to preparation of the individual Income Tax Return which includes, but is not limited to, the following:
Our Obligation to comply with the law
We have a duty to act in your best interests. However, the duty to act in your best interests is subject to an overriding obligation to comply with the law even if that may require us to act in a manner that may be contrary to your interests. For example, we could not lodge an income tax return for you that we knew to be false in a material respect.
Client’s disclosure and record keeping obligations:
You are required by law to keep full and accurate records relating to your tax affairs.
It is your obligation to provide us with all information that would be reasonably expected/will be necessary to allow us to perform work contemplated under the engagement within a timely manner or as requested. This includes providing accurate and complete responses to questions asked of the client by the practitioner. Inaccurate, incomplete or late information could have a material effect on services and/or conclusions.
The Taxation Administration Act 1953 now contains specific provisions that may provide you with “safe harbor” from administrative penalties for incorrect or late lodgement of returns. These safe harbor provisions will only be available to you if, amongst other things, you provide “all relevant taxation information” to us/me in a timely manner (the safe harbour provisions apply from 1 March 2010). Accordingly, it is to your advantage that all relevant information is disclosed to us as any failure by you to provide this information may affect your ability to rely on the “safe harbor” provisions and will be taken into account in determining the extent to which tax practitioners have discharged their obligations to clients. It is your responsibility to show that you have brought all matters to our/my attention if you want to take advantage of the safe harbors created under new regime.
Previous Returns
We have not been engaged to review the accuracy of any previous returns lodged by you or by a previous Tax Agent.
I confirm that you have advised me that I must demonstrate that I have incurred an expense for income producing purposes. In addition, you have advised me of the stringent Substantiation legislation I must satisfy in relation to work, car and business travel expenses.
Taxpayer must obtain original receipts and keep them for a minimum of five years from the date my return is lodged. The receipts must contain the following details:
Penalties to apply with incorrect returns
Additional tax, penalties, interest and possible prosecution action may be taken against the taxpayer by the ATO if taxpayer provide details which lead to an incorrect tax return being lodged.
An important feature of the new tax agent services regime that commenced on 1 March 2010 is the provision of a “safe harbour” protection from penalties in certain circumstances for taxpayers who engage registered tax agents.
In order to obtain the benefits of “safe harbour” protection, taxpayer must provide us with “all relevant taxation information” to enable accurate statements to be provided to the Australian Taxation Office.
Income from sources in and out of Australia for the year of income
As an Australian resident taxpayer must declare income from all sources, in and out of Australia, including net capital gains received, for the year of income in my tax return.
Service charges by Nexus Tax & Accounting Solutions:
Preparing & Lodging Tax return:
This work consists of collecting information concerning your taxable income, deductions and offsets. We will collate information and supporting documents for all your declarable income sources (e.g. salary, business, rental, foreign income, interest, dividends). We also collate information and documents for your expenses. This work can take from 20 minutes to a few days depending on the size and complexity of the taxation return.
Our fee structure for this work is not fixed and depends on time and effort involved in preparing and lodging your tax return. An estimate of our fees will be provided to you in the tax refund estimate after our initial conversation. If you are not happy with our fees or refund estimate you are under no obligation to proceed and you will not be charged anything for the initial conversation. However, if you do wish to proceed and we lodge your taxation return, then fees will be payable.
$0 Upfront Payment - Fee from Refund Authority:
Same Day Tax Refund:
On the Spot Refunds: Your Obligations to Us
*The ATO’s decision to enquire, hold, delay adjust and/or audit your information is outside of our service control and does not constitute an issue with, or failure of, our services.
