terms & conditions
Terms of Payment
Beanstalk Accountants Pty Ltd terms for payment of our fee invoices are strictly 14 days from the date of the invoice, unless alternate arrangements have been made.
In the case that the client engaged is not an individual and is instead a company, trust, partnership or superannuation fund, fees for our engagements will be invoiced to the respective clients directly, however if these fees cannot be met by the client then directors of the company, trustees of the trust, directors of the trustee company (where appropriate), partners of the partnership or members of the self managed superannuation fund agree to personally indemnify the fees and costs of Beanstalk Accountants Pty Ltd.
Amounts not paid within our payment terms are subject to a 2% late fee in addition to ongoing interest accrued and charged monthly at the Australian Taxation Office's Division 7A benchmark interest rate plus 2%.
Client Monies Held on Trust
Where client funds are received into our Trust account and all client fees are 100% paid and up to date we will forward this amount to you within 14 days of receiving it, at which time we will also provide a detailed breakdown of what was received, if there are multiple amounts, and what has been refunded to you.
Outstanding Fees & Tax Refunds
Where a client with outstanding fees is entitled to receive a refund from the ATO we reserve the right to have this paid into our Trust account, recoup any of our outstanding fees currently owed by the client and forward on any remaining surplus. Before this is done we will notify you we will be doing so to allow you to pay our outstanding invoices in full instead and receive the refund directly, but if this is not done we will continue with our proposed course of action and direct the ATO refund to our trust account. We will process this within 14 days of receiving the refund into our trust account, within such time we will also provide a detailed breakdown of what was received, how this has been allocated to outstanding involves and what surplus, if any has been refunded to you.
Ownership of Documents
All original documents obtained from the client arising from the engagement shall remain the property of the client. However, we reserve the right to make a reasonable number of copies of the original documents for our records.
Our engagement will result in the production of annual reports, tax returns, forms, and supporting documents. Ownership of these documents will vest in you. All other documents produced by us in respect of this engagement will remain the property of Beanstalk Accountants Pty Ltd.
We have a policy of exploring a legal right of lien over any client documents in our possession in the event of a dispute. The firm has also established dispute resolution processes.