Bee Group Accountants will issue an engagement letter for any services that you require us to perform. The engagement letter, along with our Terms and Conditions, should be reviewed to understand the scope of services included.
For any services required that are not included in our scope of works, additional fees will apply. Invoices will generally be raised quarterly for this work. The details of any work will be specified on the invoice.
The instructions for any works to be completed will come from you by way of:
- Telephone Call
- In Person Meeting
We may, or may not issue a separate engagement letter for any additional works. Your instructions in the form of the above contact points will be taken to be your authority to perform the work and to bill using our hourly charge out rate or standard charges.
Excluded Services
Excluded Services may include the following:
- Accountant’s Letters
- Compilation of Financial Information for Financing or Lending purposes (including prior copies of Returns and/or Financial Statements, Notice of Assessments, ATO reports and accounts etc).
- Client initiated meetings that are not directly related to the preparation of annual returns.
- Interim financials or profit and loss statements
- Management reporting
For Individual Income Tax Returns, examples of excluded services include the following:
- Client initiated meetings where the option was not selected as part of the Engagement Letter
- Additional Schedules necessary to prepare full and complete tax returns disclosures
- Rectification or update to returns prepared because of incorrect, incomplete or late information
Examples of Correspondence from the ATO that does not relate to the initial assessment or original payment notices include:
- PAYG Instalment Notices and Activity Statements
- Notice of Amended Assessments
- Div 293 Notices
Charges for Tax Return Schedules
We have additional questionnaires and checklists available for each of these schedules. Where the information is provided in a complete format using those checklists with the provision of supporting information, the schedule charges are as follows and are quoted ex-GST:
Capital Gains Tax Schedule (CGT) Starting from $350 per Schedule
Business Schedule Starting from $500 per Business
Depreciation Schedule Starting from $150 per Schedule
Investment income Starting from $150 per Schedule
Rental Property Schedule Starting from $300 per Property
Motor Vehicle Schedule Starting from $150 per Vehicle
Cryptocurrency Starting from $350 (and you must obtain an Australian compliance Cryptocurrency report from a firm such as Koinly).
Upon reviewing the provided information, if further clarification or information is required, we reserve the right to charge this additional work at an hourly rate.
Hourly Rates
Excluded services will be charged at our current hourly rates, which are available on our Terms and Conditions page. These are updated from time to time and should be used as a guide only.
If you are unsure if your requirements are included or excluded from your scope of services, please reach out to us for confirmation.
