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Terms of Engagement

The Good Kiwi Accounting Company Ltd Limited requests that all clients carefully review and agree to the following terms of engagement in addition to standard engagement terms for the website:

RESPONSIBILITIES OF CLIENTS 

  • The client agrees to provide accurate, timely and complete information necessary for the preparation of financial statements and related tax returns.
  • The client is responsible for maintenance of adequate accounting records. Client agrees to retain all the documents and other data that form the basis of financial statements and tax returns for a period of seven years, as these may be necessary to prove the accuracy and completeness of the returns to the Inland Revenue Department.
  • Clients are solely responsible for the information contained in the financial statements and have determined that financial reports and basis of accounting used meet their needs and for the purpose that the financial statements were prepared.
  • The client agrees to review and approve final financial statements and tax returns for reasonableness and correctness and understands the importance and risk of signing tax returns and other documents as being true and correct statutory records.
  • Client confirms by signing engagement letter that The Good Kiwi Accounting Company Ltd Ltd has authority to communicate with and obtain information from any third party (including Inland Revenue Department) if the information sought is relevant to the engagement.
  • Client agrees linking their tax records to The Good Kiwi Accounting Company Ltd Ltd's agency list. The authority extends to all tax types to enable The Good Kiwi Accounting Company Ltd Limited to become the mailing address for correspondence from the Inland Revenue Department (where requested by the customer).
  • The client authorises The Good Kiwi Accounting Company Ltd Ltd to retain information such as name, contact details on any manual or computerized data base for the purpose of correspondence, newsletters and other documents.
  • Client accepts that all invoices are due on receipt and documentation will not be finalised or returns submitted until payment has been made.
RESPONSIBILITIES OF THE GOOD KIWI ACCOUNTING COMPANY LTD LTD.

  • The Good Kiwi Accounting Company Ltd Limited will compile Financial Statements and associated tax returns of the entities listed on the engagement letter based on information provided by the client.
  • The Good Kiwi Accounting Company Ltd Limited will not audit or otherwise verify the data provided by the customer and accordingly no opinion will be expressed.
  • The Good Kiwi Accounting Company Ltd Limited will use services of experienced accountants who will either be employed or hired on contract basis. All employees and accountants on contract basis will sign Non Disclosure Agreement to ensure confidentiality of client's information. Client authorises to disclose personal information to such contractors.
  • The financial statements will be prepared in accordance with acceptable accounting principles, which include Financial Reporting Standards
  • The Good Kiwi Accounting Company Ltd Limited will provide the client with questionnaires or worksheets to assist The Good Kiwi Accounting Company Ltd Limited in obtaining the necessary information. Client agreed to complete and submit such questionnaires.
  • The Good Kiwi Accounting Company Ltd Limited will use their judgment in resolving questions where the Tax Law is unclear, or where there may be conflicts between the Inland Revenue Department's interpretations of the Law and other supportable positions. We will use our professional judgment within the boundaries of NZ law. If there is an instance where an issue is raised/highlighted requiring more specialist input, we will discuss the situation and options directly with the client prior to proceeding.
  • The Good Kiwi Accounting Company Ltd Limited will issue invoices for payment according to services rendered. The fees for all services will be based upon fixed pricing structure and invoiced on completion of the draft submission/draft documentation.
  • The financial statements will be prepared exclusively for the benefit of clients and The Good Kiwi Accounting Company Ltd Ltd does not accept responsibility to any other person for the contents of the financial statements & tax returns.
  • The Good Kiwi Accounting Company Ltd Limited will endeavor in all instances to supply full and correct financial documents for Services requested. If any detail/expense is accidentally omitted, we will correct the error and supply revised documents at no charge. However, if the error is a result of incorrect information supplied by the customer, an additional charge may be incurred and this will be stated upfront.

General Terms & Conditions

  • It is understood that client's tax return may be selected for review by the Inland Revenue Department. Inland Revenue normally contacts the agent first in providing notice of a review or audit of the returns. The Good Kiwi Accounting Company Ltd Limited does have the expertise to manage such a review but will notify the client immediately to discuss the way forward with the review and estimate of fees. The client is not bound to employ The Good Kiwi Accounting Company Ltd Limited but it is recommended.
  • These terms will continue from year to year. The Good Kiwi Accounting Company Ltd Limited will endevour to communicate directly with the client any amendments to these Terms and Conditions. The Good Kiwi Accounting Company Ltd Limited will publish a current copy of the Terms and Conditions on the The Good Kiwi Accounting Company Ltd Limited website www.goodkiwi.co.nz
  • Failure to pay the invoice when due may result in debt collection proceedings and the cost of such proceedings will be recovered from the client.

What our clients say...

  • I would like to thank you for your outstanding service with my annual accounts and tax returns. After many years with a much larger firm I can honestly say that the service you provided was first rate compared with what I have experienced in the past.
    - Bernie Schrader, Bernbrenz Property Ltd
  • The Good Kiwi Accounting Company is taking care of my two monthly GST returns and annual financial statements and I am saving almost 40% in accounting fees. I have dealt with numerous accountants over the last 5 years, and by far Abhay at The Good Kiwi Accounting Company has to be the best accountant I have ever dealt with.
    - Sumit Monga, District Representative, Combined Insurance
  • The Good Kiwi Accounting Company has helped us out with GST, cashflow and endless advice. Abhay's financial advice and support during the earthquake has been a great help. Thanks!
    - Sharyn Foote, South of India - Manchester Street
  • We have nothing but praise for The Good Kiwi Accounting Company.Their service has been fantastic, prompt, friendly and we would definitely recommend.
    - Monique Newman, Property Investor, Christchurch

Read more...

Tools & Resources

Because we believe in helping you as much as possible, we have supplied a bunch of business tools below that you can use any time you need them.

Key Dates Newsletters
Tax Facts Internet Links
Calculators Downloads

Contact us

Level 1, 46 Archeron Drive
Riccarton 801
Currie Lawyers Building

Phone:    03 348 5554
Fax:        (03) 281 8426
Email:     admin@goodkiwi.co.nz