Making engagement letter simpler......
I use a standard engagement letter for all clients (I am a member of Chartered Accountants Ireland). For unincorporated clients, this usually runs to about 8 pages plus an Appendix for a fixed price table for services. Sections covered include client responsibilities, our responsibilities, tax services, other services, money laundering, fees, retention of records, electronic communication, data protection, quality of service/complaints, agreement of terms. I doubt if clients read anything outside of the price on the Appendix! For limited company clients the letter is longer with Companies Acts duties and references.........
I'd prefer to have something as simple as "here is what we will for you" and "here is what you must do as part of the deal". Is it absolutely necessary to make these documents so "legal" looking and difficult to read for clients? I am all for a new approach to this but slightly fearful of not covering myself too.
Any help/comments/examples greatly appreciated folks!
- flat rate scheme 1,671 37
- Are any of you members of The Institute of Financial Accountants - Accountnats certificate 818 11
- PPR relief - deemed residence? 276 9
- Sharing ODBC Excel Pivot Tables over network 82 1
- Allocation of income from property 489 14
- Unpaid share capital 165 2
- 64-8 problems 207 3
- Bad debt receipt for dissolved company 105 1
- Private company division 240 3
- VAT Refunds 117 2
- Company van paid by director 277 3
- Hello 276 1
- Are you going to Tick and Bash on 21 May? 1,793 51
- Inputting previous months data into PAYE tools 191 4
- Employer reference not recognised? 177 2
- Business trips - director and family 294 2
- Non-UK resident - where to pay income tax? 449 10
- Networking 756 6
- VAT refund for DIY house builders 162 1
- Unqualified accountants filing SATR, VAT returns etc for clients 1,145 22