4.1 Our fees may depend not only on the time spent on your affairs by the engagement partners and our staff and on the levels of skill and responsibility involved, but also the level of risk identified and any advice provided. Unless otherwise agreed, our fees will be billed monthly during the course of the year and will be due on presentation.
4.2 We may indicate a fixed/indicative fee for the provision of specific services. We will not usually identify fixed fees for more than a year in advance as these may need to be revised in light of subsequent events. Where we estimate our fees for any specific work, this will not be binding unless this is clearly stated to you.
4.3 If it is necessary to carry out work outside the responsibilities outlined in this letter it will involve additional fees. Accordingly, we would like to point out that it is in your interest to ensure that your records etc., are completed to the agreed stage.
4.4 Invoices are payable in full before the report is signed and the accounts are made available.
4.5 You will be responsible for any fees which we incur arising from our reporting obligations under the Companies Act 2014; Criminal Justice (Theft and Fraud Offences) Act 2001; Criminal Justice Act 2011; Criminal Justice Act 2013 or the Taxes Consolidation Act 1997.
4.6 It is our normal practice to request that clients pay their fee on a monthly Direct Debit. This will be applied to fees arising from work agreed in this letter of engagement for the current and ensuing years. Any disbursements we incur on your behalf and expenses incurred in the course of carrying out our work for you will be added to our invoices where appropriate.
4.7 Our terms relating to payment of amounts invoiced and not covered by direct debit, where appropriate, are strictly 30 days’ net.
4.8 In some cases, you may be entitled to assistance with your professional fees, particularly in relation to any investigation into your tax affairs by Revenue. Assistance may be provided through insurance policies you hold or via membership of a professional or trade body. Other than where such insurance was arranged through us you will need to advise us of any such insurance cover that you have. You will remain liable for our fees regardless of whether all or part are liable to be paid by your insurers.
4.9 Unless otherwise agreed to the contrary our fees do not include the costs of any third party, counsel, or other professional fees.
4.10 If you do not accept that an invoiced fee is fair and reasonable you must notify us within 21 days of receipt, failing which you will be deemed to have accepted that payment is due.