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A Tax Preparer Engagement Letter is a fundamental document required for professional tax preparation services in Australia. It establishes the professional relationship between a registered tax agent and their client, whether an individual or business entity. The letter must comply with the Tax Agent Services Act 2009 and related regulations, including requirements set by the Tax Practitioners Board. This document is typically used at the commencement of a tax preparation engagement and should be updated annually or when there are significant changes to the scope of services. It includes essential elements such as service scope, fee structure, client obligations, privacy provisions, and professional standards commitments. The engagement letter serves both as a legal protection and a clear communication tool, ensuring all parties understand their rights, obligations, and the parameters of the professional relationship.

1. Header and Date: Tax preparer's business details, letterhead, and date of the letter

2. Client Information: Full legal name and contact details of the client

3. Engagement Purpose: Clear statement of the purpose of the engagement and the tax services to be provided

4. Scope of Services: Detailed description of tax preparation services included, tax years covered, and specific returns to be prepared

5. Client Responsibilities: Outline of client's obligations including providing accurate information, timely responses, and required documentation

6. Our Responsibilities: Tax preparer's commitments, professional obligations, and standard of service

7. Fees and Payment Terms: Fee structure, payment timeline, and billing practices

8. Timing and Deadlines: Key dates, submission deadlines, and expected timeframes

9. Confidentiality and Privacy: Commitment to data protection and privacy compliance

10. Professional Standards: Reference to applicable professional standards and Tax Practitioners Board requirements

11. Limitation of Liability: Clear statement of the tax preparer's liability limitations

12. Termination Provisions: Conditions and process for ending the engagement

13. Acceptance: Client acknowledgment and signature section