Terms of Service

Welcome to Schumacher Sama LLP. These terms and conditions outline the professional services we provide and the respective responsibilities of our firm and our clients. By engaging our services, you agree to these terms.

1. Purpose, Scope, and Limitations of Services

Our firm provides professional accounting, tax, and advisory services. Our engagement is limited to the specific services we agree upon and does not include responsibilities beyond that scope.

No Audit or Fraud Detection: Our services are not designed to discover errors, fraud, or illegal acts. While we will inform you of any material errors that come to our attention, we are not responsible for identifying all such issues.
Prior Years: Our responsibilities pertain to the periods for which we are specifically engaged. We are not responsible for identifying information that may affect prior-year tax returns unless explicitly contracted to do so.
Tax Examinations: Our standard services do not include representing you in a government tax examination or audit. Such representation would be subject to a separate engagement.

2. Client Responsibilities

As our client, you are responsible for the following:

Information Accuracy: You are responsible for the reliability, accuracy, and completeness of all accounting records, documents, and information provided to us.
Final Review: You are responsible for carefully reviewing all tax returns, financial statements, and other documents prepared by our firm before signing or approving them.
Management Decisions: You are responsible for all management decisions and for evaluating the adequacy and results of the services we provide.
Compliance: You are responsible for ensuring your business complies with all applicable laws and regulations.
Penalties: You acknowledge that any penalties and interest imposed by taxing authorities for understated tax liability are your sole responsibility.

3. Confidentiality & Data Security

Confidentiality: We are committed to maintaining the confidentiality of your information. We will not disclose your information to third parties except as required by law or with your express written consent.
Third-Party Services: We may use reputable third-party service providers (e.g., for software, data storage, or payroll) to perform portions of our services. By using our services, you consent to us sharing your confidential information with these providers as necessary. We require these providers to protect your information and use it only for the services they perform for us.

4. Ownership and Record Retention

Client Ownership: All original documents you provide to us remain your property and will be returned to you.
Firm Ownership: Any new forms, documents, templates, or intellectual property we develop for your use will belong to our firm. You will have a limited right to use them solely for your business.
Record Retention: It is our policy to keep records related to our engagement for a defined period of time. However, our records are not a substitute for your own original records, and you are responsible for maintaining and safeguarding your documents.

5. Billing and Payment

Billing: Services may be billed on a fixed rate or an hourly basis, as agreed upon in a specific engagement.
Payment: All payments are due upon receipt of an invoice. We reserve the right to suspend services or withdraw from an engagement in the event that invoices are not paid in a timely manner.

6. Limitation of Liability

By engaging our services, you agree that our firm’s liability for any losses, damages, or claims arising from the services performed shall be limited to a multiple of the fees you pay us for that specific engagement. You agree that this is your sole remedy and waive any other claims for incidental, consequential, or other damages.

7. Service Guarantee

We stand behind the quality of our professional services. If you are not completely satisfied, we encourage you to bring your concerns to our attention immediately. We will work with you to address any issues and, if a resolution cannot be reached, we will work toward a mutual agreement regarding payment for services completed.

8. Electronic Communications

We may communicate with you via email. While we take precautions to protect your data, you acknowledge that email transmissions can be intercepted. We cannot guarantee the security of emails and will not be liable for any loss or damage resulting from the use of email transmissions.

9. Governing Law

This agreement will be governed by the laws of the state where our firm’s primary office is located. Any legal action related to this agreement must be brought in a court within that state.