Tax Return Services

Services Provided

Pink Collar Accountants LTD (the Provider) will

• File Federal and State Annual Returns (1040, 1120, 1120S, etc)

• All forms able to be transmitted electronically

• Complete due diligence on data provided, per IRS guidelines, which may include additional questions that will need to be answered to proceed

• NOT audit information provided by the Taxpayer

This Agreement does not include Payroll Services, Employment Returns, Unemployment Filings, or W2 informational returns related to Payroll. All Payroll Services are completed outside this Agreement.

Taxpayer Requirements

By signing this Agreement, you (the Taxpayer) are:

• Confirming the information provided, to the best of your knowledge, is correct and complete.

• Including ALL income and deductions earned by Taxpayer(s).

Please refer to the Tax Document Organizer to use as a guide for compiling your information, including but not limited to:

• Personal Information

• Dependent Information

• Banking Information

• Income & Supporting Forms

• Deductions/Adjustments & Supporting Forms

• Estimated Tax Payments

Estimated Engagement Cost

Pink Collar Accountants, LDT estimates all tax returns based on complexity. All billings will be by the hour, but are estimated to cost as follows:

Individuals with no self-employment income, no Form K-1 from ownership of S-Corp, or other complex income/deductions

$350-$450

Individuals with some self-employment income as a side business or ancillary income (less than $50,000 annually of revenue as a rule of thumb)

$500-$750

Individuals who own a business with more than $50,000 in revenue, any payroll activity, and/or monthly transactions

$1,200+

Limited Scope of the Engagement

Ensuring compliance for the following situations is outside of the scope of this agreement. Any of the below will require additional information from the Taxpayer. Any additional cost associated with these situations will be discussed, including but not limited to:

• Creating forms 1099 for Vendors

• Sales or Use Tax Return Filings

• Existence of Foreign Investments or Accounts (FBAR Required filings)

• Unrelated Business Taxable Income (UBTI)

• Existence of Digital Assets (Crypto Currency), specifically its FMV, gifting, and transferring

• Corporate Transparency Act (CTA) Compliance & Reporting

• Inheritance and/or Gift Tax Returns

Charitable Contributions

When making Charitable Donations, we encourage you to consider the following documentation. By signing below, you are confirming you will maintain appropriate documentation and written receipts when required.

$0 to $249

Maintain a bank record, cancelled check, credit card statement or a receipt, letter or other written communication from the donee indicating the donee’s name, the contribution date, and the amount.

$250 to $400

In addition to the above, obtain written acknowledgement from the charitable organization.

$501 to $5,000

In addition to the above, written acknowledgement from the charitable organization; non-cash contributions also need to document how acquired, the date acquired, and the cost basis of the property.

More than $5,000

In addition to the above, obtain a written appraisal for non-cash contributions.

Responsible Party & Contract Details

You are responsible for the final income tax returns. You must review the returns before signing the e-file authorization form or before signing and mailing the return to the government. It is understood you will remain responsible for any adverse determination by the IRS, state or courts.

If you are audited, we will be able to assist you in these matters. If requested, we can consult with you regarding any audit questions or issues. You are responsible for ensuring all communications from taxing authorities are forwarded to Pink Collar in a timely manner if you wish for us to assist with the matters.

Invoices for this engagement will be sent as the work is completed. Pink Collar invoices are due and payable upon receipt. Late fees may apply for past-due invoices.

Limitation of Liability for Pink Collar Accountants LDT for all claims, damages, and/or costs is two times the total amount of fees paid for services rendered under this Agreement All claims shall be pursued within one year of work delivered to the Taxpayer.

Bookkeeping & Payroll Services

Services Provided

Pink Collar Accountants LTD (the Provider) will complete:

• QuickBooks login for up to 2 users

• Corporate Credit Card setup in QuickBooks for Transaction sharing

• Checking setup in QuickBooks for Transaction sharing

• Monthly classification of Expenses & Receipts

• Monthly classification of Revenues

• Bank reconciliations for up to 3 accounts

• Monthly consulting call between Pink Collar and Taxpayer to review finances

• Ongoing accounting consulting (as needed)

Customer Responsibilities

The Customer will ensure the below information is provided and reviewed for accuracy:

• IRS Form 2848 (Power of Attorney)

• State Authorization Forms for Sales Tax Filing & Payments to Pink Collar Accountants LTD

• Appropriate State IDs and Secretary of State registrations

• Expense information, reviewed for accuracy as describe in “Verification of Data” below

• Expenses can be submitted via paper receipts or bank account/credit card statement

• Revenue information, reviewed for accuracy as describe in “Verification of Data” below

• Revenue can be submitted via invoice copies or bank account statements

• Revenues can also be recorded directly in QuickBooks provided

• Verification of payment dates on Invoices

• Copies of prior year Tax Returns

Verification of Data

The Customer is responsible for ensuring accurate data is transmitted. Profit & Loss calculations are based solely on the information provided and verified by the Customer. Any inaccuracies or missing information should be reported immediately. Each month the Customer agrees by submitting information for P/L calculations they have:

• Provided accurate information regarding expenses

• Keep copies of receipts where not provided to the Provider for 5 years

• Provide accurate information regarding revenues, ensuring none excluded

• The Customer waives liability of the Provider for any errors not requested to be corrected

• The Customer understands additional fees will be incurred for any restatements required

• Final review of all company financials is the sole responsibility of the Customer

• Understood, the Customer will remain responsible for any adverse determination by the IRS, state, employees, or any other authorities.

In the event of an Audit, the Provider can assist if desired. If requested, the Provider will consult with the Customer regarding any audit questions or issues. The Customer responsible for ensuring all communications from auditing authorities are forwarded to the Provider promptly.

Limited Scope of the Engagement

Ensuring compliance for the following situations is outside of the scope of this agreement. Any of the below unless specifically notated elsewhere, are not included services.

Excluded Services:
This Agreement does not include the following unless specifically notated:

• Payroll Services or any Tax Services related to Payroll data

• Preparation or Distribution of Employee Form W2 or 1099

• Consulting on Corporate Governance & Registrations with State Taxing Authorities

• Annual filing requirements for Corporate Tax

Contract Terms & Termination

The term of this Agreement shall begin upon execution. The Agreement will continue for a fixed 12-month period and shall automatically renew for 12-month periods thereafter unless terminated.

Termination shall be given no more than 90 and no less than 30 days prior to the current term's expiration date. Termination can be given by either the Customer or the Provider in this window. Any termination outside of the notice period shall be for material breach of the Agreement.

All payments related to the Agreement are due upon receipt. Any late invoice payments may be accompanied by penalties and/or interest amounts.

Limitation of Liability

Limitation of Liability for Pink Collar Accountants LDT for all claims, damages, and/or costs is six months of fees paid for services rendered under this Agreement. All claims shall be pursued within one year of check distribution.