Sapiens Accounting Solutions – Engagement Terms

1. Scope of Services

We will provide professional accounting and related services as agreed, which may include:

• Preparation and lodgment of income tax returns, BAS, and other ATO forms.
• Accounting and bookkeeping (financial statements, payroll, reconciliations).
• ASIC agent services (annual reviews, company changes, compliance).
• Business advisory, structuring, and related consulting.

2. Responsibilities

Our role: We will perform all work with reasonable care, skill, and in accordance with professional and ethical standards. Information you provide will be treated confidentially and used only for agreed services.

Your role: You are responsible for providing complete and accurate information, reviewing documents before lodgment, and ensuring timely payment of all ATO and ASIC obligations. We are not responsible for monitoring your payment plans or ongoing compliance unless separately engaged to do so.

3. Fees & Payment

Fees are based on time, complexity, and scope of work, plus GST and any disbursements. Payment is due within 5 days of invoice. Fixed-fee quotes may be agreed upon in writing.

4. Privacy & Limitation of Liability

We comply with the Privacy Act 1988 (Cth) and use secure, cloud-based systems to store your data. Our liability is limited by a scheme approved under Professional Standards Legislation. This means our liability for damages (including negligence) is capped to the maximum amount permitted by that scheme.

5. Termination

Either party may terminate this engagement by written notice. Fees for work completed up to the termination date will remain payable.

6. ATO and ASIC Correspondence

Unless otherwise agreed, ATO and ASIC correspondence will be directed to our office. We will forward relevant notices to you promptly. You remain responsible for payment of any amounts owing to the ATO or ASIC.

7. Laws & Jurisdiction

These terms are governed by Australian federal law. Federal laws apply to services like ASIC reporting, Tax and corporate compliance. For other matters, the laws of your state or territory may apply.