Terms & Conditions – Finlab Solutions (PVT) Ltd

1. Scope of Services

We provide professional accounting and financial support services, including but not limited to:

• Bookkeeping and data entry
• Bank, accounts payable, and accounts receivable reconciliations
• Payroll, superannuation, SGC, and payroll reconciliations
• STP reporting
• BAS preparation and BAS reconciliations
• Tax return preparation (corporate, individual, GST/VAT)
• End-of-year and annual adjustment entries
• Division 7A calculations
• Capital Gains Tax (CGT)
• Fringe Benefits Tax (FBT)
• TPAR reporting
• Tax-ready financial reporting

Services are provided based on information supplied by you and within the agreed engagement scope. We do not act as a registered tax agent unless explicitly agreed in writing.

2. Client Responsibilities

• Provide accurate, complete, and timely information
• Maintain proper source records as required under Australian law
• Review and approve all reports prior to lodgement
• Retain responsibility for final ATO lodgements unless otherwise agreed

Where services are provided to Australian accounting firms, the engaging firm remains responsible for compliance, review, and client communications.

3. Fees & Payments

Fees may be charged on a fixed, hourly, or monthly basis as agreed in writing. Unless otherwise agreed, 50% of fees are payable upfront prior to commencement, with the balance payable upon completion or as per agreed milestones.

We reserve the right to suspend or withhold services where upfront or outstanding payments are overdue.

4. Limitation of Liability

To the maximum extent permitted by law, Finlab Solutions (PVT) Ltd is not liable for penalties, interest, or losses arising from:

• Incorrect, incomplete, or late information provided by you
• Third-party delays or system outages
• Reliance on advice outside the agreed service scope

Our total liability is limited to the fees paid for the relevant service.

5. Confidentiality & Data Access

All client information is treated as confidential and will not be disclosed except where required by law or authorised by you. Confidentiality obligations extend to all staff and contractors.

You may grant us access to accounting systems such as Xero, MYOB, or QBO. You remain responsible for system permissions and data accuracy.

6. Termination & Governing Law

Either party may terminate the engagement by written notice. Fees for work completed up to the termination date remain payable.

These Terms are governed by the laws of Australia.