Terms of Business

1. Professional Obligations

ADAMSON Accountants & Tax Consultants provides services in accordance with the professional and ethical standards laid down by the Association of Accounting Technicians (MAAT). We are bound by their guidelines regarding confidentiality, professional behaviour, and competence.

2. Client Responsibilities

To enable us to provide effective service, you agree to:

• Provide full, accurate, and timely information necessary for the preparation of your accounts and tax returns.
• Respond to our queries promptly to avoid missed HMRC or Companies House deadlines.
• Keep us informed of any changes to your personal details, business structure, or financial circumstances.

*Note: You are ultimately legally responsible for the accuracy of your tax returns and avoiding late filing penalties. We cannot be held liable for penalties resulting from delays or inaccurate information provided by you.

3. Fees and Billing

Our fees are based on the degree of responsibility, skill involved, and time spent on the work. We will provide a fixed fee quote or estimated fee structure before commencing work. Invoices are payable within 14 days of issue unless a monthly direct debit/standing order has been agreed. We reserve the right to suspend services if invoices remain unpaid.

4. Anti-Money Laundering (AML)

By law, we are required to verify the identity of our clients. We will request proof of ID (e.g., passport or driving licence) and proof of address before accepting you as a client. We are legally obligated to report any suspicion of money laundering to the National Crime Agency (NCA) without informing you.

5. Confidentiality

Communication between us is confidential. We shall take all reasonable steps to keep your information private and will not disclose it to an unauthorised third party without your consent, except where required by law.

6. Limitation of Liability

We will provide services with reasonable care and skill. Our liability to you for any loss or damage arising out of or in connection with our services shall be limited to the amount of professional indemnity insurance cover we hold.

7. Governing Law

These terms of business shall be governed by and construed in accordance with the laws of England and Wales.