These Terms and Conditions apply to all engagements for services relating to activities and work performed for clients of Summit Consultancy Group, LLC. Summit Consultancy Group, LLC reserves the right, at its sole discression, to change, modify, add, or remove portions of these Terms and Conditions at any time. It is your responsibility to check these Terms and Conditions as posted on the Summit Consultancy Group website at www.summit-cpa.com periodically for changes. Your continued use of services provided by Summit Consultancy Group, LLC following the posting of changes will mean that you accept and agree to the changes.
You are responsible for the proper recording of transactions in the books of accounts, the safeguarding of assets, the substantial accuracy of the financial records, and fully and accurately disclosing all relevant facts affecting the engagement to us.
During the course of providing our services to you, we may offer you various other services that may be of interest to you based on our determination of your needs through analysis of your data. Your use of the services we offer constitutes consent to our disclosure of nonpublic information to carefully selected service providers. If at any time you wish to limit your receipt of service offers based upon information you provide, you may call us at the following 702-732-4302.
None of the services can be relied on to disclose errors, fraud, or illegal acts. However, we will inform you of any material errors and of any evidence or information that comes to our attention during the performance of the specified procedures indicating that fraud may have occurred. In addition, we will inform you of any evidence or information that comes to our attention during the performance of these procedures regarding illegal acts that may have occurred, unless they are clearly inconsequential. We have no responsibility to identify and communicate deficiencies in your internal control as part of any engagement that does not specifically state in the Statement of work that the engagement includes internal controls.
You may terminate your engagement of our services at any time, by sending written notice of intent to terminate 30 days prior to date of termination. Should you do so, however, you remain liable for all unpaid fees. We reserve the right to withdraw from the engagement at any time because of unpaid fees, the guidance of our Professional Standards, or for any other reason. We will notify you in advance of any decision by us to withdraw, and will take all reasonable steps to assist in the orderly transfer of your accounting or tax services.
Your privacy is very important to us at Summit Consultancy Group. We are providing this statement to inform you about the types of information we collect from you, and how we may disclose or use that information in connection with the services we provide. This Privacy Statement describes the privacy practices of our company as required by applicable laws.
We collect nonpublic personal information about you that is provided to us by you or obtained by us with your authorization.
We do not disclose any nonpublic personal information obtained in the course of our practice, except as required or permitted by law. Permitted disclosures include, for instance, providing information to our employees and, in limited situations, to unrelated third parties who need to know that information to assist us in providing services to you. In all situations, we stress the confidential nature of information being shared.
Tax Return Terms and Conditions
The information you provide will be accurate and complete to the best of your knowledge and that your expense for meals, entertainment, travel, business gifts, charitable contributions, dues and memberships, and vehicle use are supported by records as required by law. The IRS requires that formal records of business related deductions, such as automobile mileage, business promotion, and entertainment, be maintained so as to support the nature and deductibility of such expenses. We will rely on the information provided without verifying it; however, we may ask for clarification if the information appears to be incorrect, inconsistent, or incomplete. Our work in connection with the preparation of your income tax returns does not include any procedures designed to discover errors or other irregularities, should any exist.
Your return will be electronically filed with the Internal Revenue Service Center (unless exceptions apply to your individual tax situation) and one or more state authorities through a secured third party filing service. Electronic filing of your return does not affect your responsibility to review and approve the return before it is submitted.
We will use our judgment to resolve questions in your favor where the tax law is unclear or where there are conflicts between the taxing authorities’ interpretation of the law and what seem to be other supportable positions, assuming there is the appropriate authority for the position.
We will adopt whatever position you request on your return(s) so long as it is consistent with our professional standards and ethics. If you desire a legal opinion before choosing between alternative tax positions, you should retain legal counsel for this purpose.
Your returns may be selected for review by the taxing authorities, and in the event adjustment are proposed by the taxing authorities, you may have a right to appeal that conclusion. In the event of such governmental tax examination, we will be available to represent you under a separate engagement letter.
The Internal Revenue Code provides for penalties in some circumstances when taxpayers understate their tax liability. For example, if a position with respect to an item on your return does not have the appropriate support in the tax law and other authorities, a penalty of 20% of the understated tax could be asserted against you. In our role as preparer of your tax return, we will not prepare a return that in our view lacks the appropriate support.
Certain individuals may be required to electronically file Form 114, Report Foreign Bank and Financial Accounts (FBAR) with the U.S. Department of the Treasury. Failure to comply with the filing requirements may result in significant civil and criminal penalties. Unless otherwise specifically agreed in writing, we will not prepare, file, or provide assistance with respect to the FinCEN Form 114.
If you believe your tax return information has been disclosed or used improperly in a manner unauthorized by law without your permission, you may contact the Treasury Inspector General for Tax Administration (TIGTA) by telephone at 1-800-366-4484, or by email to: firstname.lastname@example.org