Terms and Conditions

Welcome to Outsource Accounting. These terms and conditions govern your use of our services. By engaging with us, you agree to abide by these terms and conditions. Please read them carefully before using our services.

1. Definitions and Interpretation

In this Agreement:

“Commencement Date” refers to the date of engagement or the date of these standard terms and conditions, whichever is earlier.
“Services” refers to the accounting and consultancy services described in the engagement letter or schedule of services.
“Taxes” encompasses all present and future taxes, levies, imposts, and duties imposed by any national, supra-national, or local taxing authority, excluding VAT payable for the provision of Services.

2. The Services

Throughout the engagement, we agree to:

Provide accounting and consultancy services as outlined in the engagement letter or schedule of services.
Act in good faith, ensuring the provision of Services in a professional manner with due skill and care.
Adhere to lawful, reasonable directions from the Client and provide requested correspondence, information, and data promptly.
Maintain confidentiality regarding all client information and not disclose it unless legally obligated to do so.

3. Liability and Indemnity

We acknowledge:

Our liability is limited to the extent outlined in the engagement letter or schedule of services.
We are not liable for Consequential Loss suffered by the Client, except as otherwise provided in this Agreement.
We will maintain adequate insurance cover for our liabilities and provide proof of insurance upon request.

4. Client Identification

In compliance with anti-money laundering legislation, we may request and retain client information and documentation for identification purposes.

5. Client Money

Any funds held on behalf of clients will be kept in a segregated client bank account and returned promptly when no longer required.

6. Confidentiality

We will maintain confidentiality regarding client information and will not disclose it unless legally required to do so or with the client’s authorization.

7. Conflicts of Interest

We will disclose any conflicts of interest and implement safeguards to protect client interests where possible.

8. Data Protection

We commit to complying with the Data Protection Act 1998 when processing personal data about clients.

9. Fees and Payment Terms

Fees will be charged based on the level of service provided and are payable within the agreed-upon timeframe.

10. Intellectual Property Rights

We retain all copyright in documents prepared during the engagement, except where otherwise provided by law.

11. Interpretation

Should any provision of this Agreement be deemed void, it will not affect the validity of the remaining provisions.

12. Termination

Either party may terminate the agreement with written notice, subject to the terms outlined in the engagement letter.

13. Reliance on Advice

Advice provided orally will be confirmed in writing if requested by the Client.

14. Personal Guarantee

Where applicable, the Guarantor agrees to personally guarantee all obligations under this Agreement.

15. Changes in the Law

We are not responsible for changes in the law occurring after the advice is given.

16. Your Responsibilities

Clients are responsible for providing accurate and complete information and complying with legal and regulatory requirements.

17. Our Responsibilities

We will provide the agreed-upon services with due care and skill, conforming to generally accepted accounting principles.

18. One-Off Tax Work

For one-off tax work, services will be provided as agreed upon, and fees will be charged accordingly.

By engaging with Outsource Accounting, you agree to be bound by these terms and conditions. If you do not agree with any of these terms, please refrain from using our services.