Lowthers obligations are to:

1. Accurately compile the financial information with due professional care.
2. Process the information in an effective and efficient manner.
3. Respect the confidentiality of the information acquired in the course of our work.
4. We will only accept responsibility for written tax advice signed by Directors of Lowthers or LMG Tax Partners.

Further, no responsibility will be accepted unless there has been full disclosure of the facts, in writing, from you.

It is understood and agreed that:

1. If financial reports are required for non-company entities you instruct Lowthers to prepare Special Purpose financial reports which are solely for the benefit of the entity in accordance with the principals of the Income Tax Act 2004. If financial reports are required for companies you instruct Lowthers to prepare financial reports under the Framework for Differential Reporting.
2. The financial statements and tax returns will be compiled from information provided by you. In accordance with the Compilation Engagement Standards issued by the New Zealand Institute of Chartered Accountants a disclaimer will be attached by us to the financial statements and must remain attached to the financial statements when distributed to any other party.
3. The compilation services will not result in the expression of an audit opinion or review opinion or provide any form of assurance on the financial statements. It is not intended that these compilation services and this engagement for our professional services be relied upon by you to prevent or detect fraud and error.
4. It is understood and agreed that you will provide accurate and complete information necessary to compile such statements and that the responsibility for the accuracy and completeness of the assertions in the financial statements remains with you. A taxation checklist will be sent to you for completion and returned to us at the end of every financial year.
5. The responsibility for the accuracy and completeness of the assertions in the financial statements and taxation returns remains with you.
6. Lowthers does not provide legal or financial advice. Any opinion expressed should be confirmed by the appropriate professional.
7. It is easy to make errors, which can lead to major adverse tax consequences. Examples include share transfers and declaring dividends. Lowthers do not accept any responsibility for any transactions of this nature prepared by you.
8. In the event the IRD selects your enterprise for review or audit, any work required from our firm will be a separate engagement and we will charge for our time based on the hours of work involved.
9. You have complied with all GST requirements and in particular hold a valid tax invoice for every input credit claimed.
10. We agree Lowther’s professional indemnity liability is limited to the amount of our yearly accounting fee.
11. Where you are acting as a trustee you will act at all times in the best interests of the beneficiaries and that you have read and understood the trust deed, have no conflicts of interest and will not make important decisions without prior approval of the professional/independent trustee.
12. You accept responsibility for your own insurance and ACC cover
13. You will receive our fees invoice on completion of your assignment.  On larger assignments progress invoices may be issued.  our fees invoice all work for all your tax entities.   Our fees will be addresses to your Company, Trust or Partnership as the main entity and could include all work for all your tax payer entities.  However if you Company, Trust or Partnership is unable to pay these fees you will still be personally liable for their payment.   You are most welcome to pay our fees with separate cheques and the accounting costs recorded in each relevant entity.  all invoices are due for payment within 14 days of date of issue.   So that we can keep providing our high level of service we ask that you pay your account on time.   We reserve the right to charge interest of 1% a month on outstanding balances.

1. We agree to the terms above and confirm that the information supplied will be accurate and complete in all respects.
2. We hereby authorise Lowthers to seek any additional information they may require for the purpose of preparing our financial statements and statutory requirements from Inland Revenue Department, Accident Compensation Corporation, Registrar of Companies, our Solicitor, Advisors, Employees, Bank or other financial institution or Government body and we hereby also authorise all the above to supply such information. We also authorise Lowthers to access any information they require by way of an on-line access link to Inland Revenue Department and Accident Compensation Corporation.
3. We confirm for the purposes of the Privacy Act 1993 that the information contained in the Annual Reminder checklist is provided to Lowthers to enable them to fully advise and assist us in the management of our financial affairs and authorise Lowthers to utilise that information for that purpose in such manner as they may consider appropriate including, by way of example and not limitation, the preparation and completion of annual accounts and income tax returns, the provision of information to Benchmark IT for statistical analysis and to our banks, solicitors and other advisors.
4. When accounting for a limited liability company or family trust, we personally guarantee payment of Lowther's fee.
5. This Terms of Engagement continues to take effect until written cancellation by either party