1) To act as my Tax Agent and Accountant from this date and they have the authority to deal with and obtain information from IRD on all tax types such as Income Tax, GST, PAYE, FTB and Family Support Payments. This information can be obtained by several medians including but not limiting to phone, fax, post and via internet. To modify customer details relating to all tax types as required. This authority and arrangements outlined in this letter will continue in effect from year to year unless it is mutually agreed to change them.
2) To request and/or confirm personal tax summaries, file and sign any return/PTS for any tax type on my behalf and/or claim any tax credits owing to me for any tax type.
3) To communicate with the Inland Revenue Department, Accident Compensation Corporation (ACC), my/our bankers, solicitors or barristers, mortgage brokers, to act on our behalf and obtain such information as you may require in order to carry out the above assignments.
5) If required and after authority, to setup, login and access as required, view, download, code transactions, and submit data sourced from third party online / cloud based software e.g. Xero, MYOB, Dropbox, etc, and to complete required reconciliation, tax returns, including, GST, PAYE, income tax returns etc, either using third party software or using IRD systems.
6) This authority is to be read and agreed to in conjunction with our terms of trade and our terms of engagement below, or on our website http://www.debitandcredit.nz/authority-form
Terms of Trade
a) Our terms of trade are that accounts are due for payment by the 20th of following month from invoice date. If account is not paid in full or arrangement not entered into, than debt collection action will start without any further notice. Debt recovery cost at rate of 25.00% of debt amount and interest at rate of 6.85% per annum will be charged and will be due for payment together with account.
b) By signing above you accept personal liability for fees charged relating to the Company, Entity, Business, and Individual, of which you are a shareholder, director or an authorized agent to engage our services on behalf of. This applies to all fees rendered by our firm for all work undertaken.
Terms of Engagement
Based on the information provided to us by you, we will perform accounting and tax services under our engagement, including preparation and lodgement of income tax returns and discussions with Inland Revenue Department representatives on any matters concerning your taxes. It is understood and agreed by you that you will provide us with the accurate and complete information necessary to complete such statements and the responsibility for the accuracy and completeness of the assertions in the financial statements remains with you. You accept responsibility for any failure to supply us with all relevant records and information
We shall also endeavour to advise the amounts and due dates of tax instalments; however the responsibility for paying the correct tax and paying on time rests with the taxpayer and not us as agents. Any penalties arising from lateness, errors, wrong estimates or for any other reason are payable by you as the taxpayer. We shall give you every assistance in meeting your obligations but any advice on payments and/or reminder letters received from us should be reviewed by yourself to check that the payment proposed appears reasonable, and that the date of payment is correct. You should ensure that IRD has your current postal address and also that you have activated IRD online account for all taxpayers concerned and is linked to your active and current email account.
When we complete your GST returns we confirm our office will be responsible for the preparation and filing of them based on information supplied to us. We will sign the GST Returns on your behalf but you are responsible for any liability and we will only prepare the return based on information provided by you. You are liable should the return be incorrect due to incomplete or inaccurate records being provided to us. You should check that the payment or refund appears reasonable based on your understanding of transactions that have occurred during the GST period.
We confirm that our office will be responsible for the preparation of unaudited annual financial statements. These are to be prepared from information provided to you. It will be necessary for us to attach to all financial statements prepared by us a Disclaimer of Liability
It is agreed that ownership of all documents supplied by you to assist in the performance of our professional services shall remain your property. All documents produced by us in the performance of our services, such as work papers, shall remain our property. It is agreed that the above has no effect on our rights to claim a particular lien over books, records and other documents.
It is understood and agreed by you that, you will provide us with the accurate and complete information necessary to complete such statements and the responsibility for the accuracy and completeness of the assertions in the financial statements remains with you. The financial statements will be prepared in accordance with acceptable accounting principles, which includes Financial Reporting Standards. You accept responsibility for any failure to supply us with all relevant records and information. It is not intended that this engagement be relied upon to prevent or detect fraud and error and we wish to emphasise that responsibility for such prevention and detection must remain with your management. We confirm that our office will be responsible for the preparation of unaudited annual financial statements. These are to be prepared from information provided by you.
