AccountingHQ Schedule of Services

This Schedule forms part of the Engagement Letter and must be read in conjunction with its terms.

Our engagement covers the services outlined below.

We rely on the information you provide being accurate, complete and timely. Any additional work arising from late, incorrect or incomplete information falls outside the scope of this engagement and will be charged as additional services.

Business Activity Statements (BAS)

We will prepare and lodge BAS returns based on financial information and source documents provided by you. As BAS returns are prepared during the financial year, we do not verify or reconcile underlying financial data against annual accounts at the time of BAS preparation.

We assume that:

·         The information provided is accurate and complete

·         GST has been correctly coded and recorded

·         You hold valid tax invoices and supporting documentation

Any advice regarding GST treatment, coding issues or substantiation is outside the scope of this engagement and will be charged separately. Any discrepancies identified when annual accounts are prepared may require amendment of BAS returns, which will constitute additional services.

Financial Accounts

We will prepare annual financial statements for the entities within your Group, including:

·         Profit and loss statement

·         Balance sheet

·         Notes to the accounts

This service includes basic chart‑of‑accounts maintenance and general ledger support and lodgement of standard ASIC filings. It does not include one‑off or special‑purpose accounts, such as reports prepared for financiers, unless separately agreed.

Income Tax Returns

We will prepare and lodge income tax returns for Group clients based on information provided by you. We do not audit, verify or review underlying records or coding and we do not check compliance with substantiation requirements.

You are responsible for:

·         maintaining source documents

·         ensuring substantiation requirements are met

This engagement does not include the preparation or review of logbooks, rental property schedules, depreciation schedules or similar calculations, we rely on figures and schedules provided to us without verification. Any assistance with preparing or reviewing these items falls outside the scope of this engagement and will be charged as additional services.

We may request supporting documents where an issue is identified or where required by law. Any ATO audits, reviews or investigations are outside the scope of this engagement.

Fringe Benefits Tax (FBT) Returns

We will prepare and lodge FBT returns based on source documentation, as FBT cannot be determined from ledger data alone.

Our service includes:

·         Guidance on information collation

·         General FBT assistance

·         Calculation of reportable fringe benefits (where required)

Single Touch Payroll (STP)

We will lodge STP reports only, based on payroll information provided by you or your authorised providers. We do not verify payroll calculations, rates, entitlements or source documents.

You remain responsible for:

·         Payroll accuracy

·         PAYG Withholding

·         Superannuation guarantee obligations

·         Supporting records

Self‑Managed Superannuation Funds (SMSF)

We will prepare:

·         SMSF financial statements

·         SMSF annual return

SMSF audits are performed by an independent external auditor, arranged by us, with audit costs billed directly to you. This engagement does not include legal review of trust deeds or advice on SIS compliance.

Responsibility for compliance with the Superannuation Industry (Supervision) Act 1993 (SIS Act) remains with the trustees of the SMSF.

ATO reviews or audits of the SMSF are outside scope.

Superannuation Related Financial Advice

Some superannuation advice constitutes financial advice and may only be provided under an Australian Financial Services Licence (AFSL).

Where we provide such advice, additional procedures apply, including provision of:

·         A Financial Services Guide

·         A Statement of Advice

·         Fee disclosure documentation (where required)

Our AFSL details will be provided when relevant.

ASIC Registered Agent Services

We will act as your ASIC Registered Agent, including routine ASIC lodgements and company record updates based on information provided by you.

 Company secretarial services such as new registrations, restructuring matters and specialist corporate advice are outside the scope of this engagement and will be charged as additional services.