Terms and Conditions:

OUR STATEMENT BEFORE OUR TERMS AND CONDITIONS:

Since 2013, EC3 Small Business Solutions has grown by leaps and bounds, and as such, we’ve had to adopt these Terms and Conditions.   We’ve adopted these to reinforce that we abide by all laws and guidelines set forth by statute, both federal and state.  

On December 22, 2017, the most sweeping tax legislation since the Tax Reform Act of 1986, was signed into law.  The Tax Cuts and Jobs Act of 2017 (TCJA), is the sweeping law that has changed how you and your company are taxed. 

While the government marketed the new legislation as a “tax break” for Americans, this has not been shown to be the case.  The tax change was not good news for taxpayers. The TCJA also eliminated or limits many tax breaks, and much of the tax relief was only temporary and made to benefit for low middle income to low income families and single tax payers.

The TCJA makes tiny reductions to income tax rates for most individual tax brackets and markedly reduces the income tax rate for corporations. It also provides a large new tax deduction for owners of pass-through entities and significantly increases individual alternative minimum tax (AMT) and estate tax exemptions. It even covers major changes related to the taxation of foreign income.

Since the law went into effect in 2018, tax returns have been subject to completely different calculations based on sliding scales.  S0 all of the “relief” from the 2017 date is expired or there is very little benefit to middle income class and above.  There are only limited ways you can reduce your taxes with the TCJA and they are consolidated to either putting your maximum amount in your retirement accounts or starting a new company.   This means you cannot under-withhold from your paycheck and expect any sort of refund on your taxes.  Also, the State of Georgia does not honor many of the credits the new tax laws created.   

Given the overhaul changes mentioned above, the majority of Americans now pay more taxes than they ever thought.   Your tax preparers and their families are affected by the TCJA exactly like you are.  The tax law matures in 2024, which means your taxes will continue to migrate higher to their true rate.   This is the sole reason taxes have gone up across the board for EVERYONE.  

EC3 Small Business Solutions cannot be held liable for anything unfavorable to your unique tax situation as there is no predicted result for any tax return. 

TERMS AND CONDITIONS

Please carefully read these Terms and Conditions before choosing us to do business with EC3:

  1. By tendering payment on any invoice, you agree to these Terms and Conditions with our firm, EC3, Inc. and are bound by the Terms and Conditions;
  2. We service small business and DO NOT offer: Personal consulting, financial planning, debt relief, retirement planning, small business loan origination or ANY other service that is not specifically for small business accounting, bookkeeping, and/or tax preparation;
  3. EC3 Small Business Solutions is a virtual accounting service.  Your accounting professional works very hard from his/her own office.  We do offer paid consultations and paid in-person appointments, but generally we are a virtual company.
  4. We reserve the right to reject for cause for any reason if we feel that there are issues which include but are not limited to any or the following: a) legal compliance b) identity c)  transparency d)  abuse.  
  5. No communication is construed as ANY sort of advice unless it is specifically paid for as a line item on an invoice you tender payment in US dollars ($) for, and is for your business, and/or your individual return;
  6. The tax return process:
      • We establish communication and go over your company, your tax situation, and come up with an action plan;
      • All new tax clients must have a copy of the tax return for the last year they filed a tax return – WE CANNOT MAKE EXCEPTIONS;
      • We establish the documents needed to prepare your return based on your unique tax situation;
      • Once we commence a tax return for our agreed to price and have tax documents, discussions, input sessions, etc., we have earned our right to bill you for our time, even if you do not complete the tax return process.  There are no refunds once you pay for your return and we furnish you with your first copy for review.     
      • Tax returns are finalized in three (3) stages
        1. You will receive a Do Not File copy of your return to review for accuracy of your information and expenses.  Your Do Not File copy of your return is NOT your final return, and cannot be used to substantiate anything other than making sure your information is correct;
        2. Once you review your items and your tax preparer is ready, then we will finalize all sensitive information over the telephone.  Information to electronically file your tax return such as your Driver’s license, date of birth, etc. is input before we send your return for electronic signature;
        3. All parties required to sign tax returns must have a unique email address to sign his/her name.  Your e-signature copy of the return is sent to you for electronic signature and must be completed within two (2) days;
  7.   Completed tax returns that are not filed within three (3) days after finalization are subject to an administrative fee if we have to locate you to resolve your return;
  8.   Your tax preparer’s role for your tax return:
    • Inspect and evaluate your tax documents for accuracy
    • Discuss your tax documents, profit and loss, balance sheet, and any other documents related to the preparation of your return
    • Input your return 
    • Make sure your assets and depreciation are properly booked from prior years as well as your current year
    • Provide you guidance on items you may have missed such as telephone expenses, or obvious items unique to your field of business
    • Discuss in detail your tax return with you
    • Properly resolve any issues with your actual return such as an IRS rejection of an electronic file
  9.   The electronically filed copy of your return through the IRS e-file system is a courtesy and is not charged for.   We do not charge any fees for the electronic filing of any returns.  We do charge for the filing of a paper return to cover our paper costs.
  10. We do not offer ANY services that help you cheat on your taxes.  Please DO NOT contact us if you intend to or have ever made a practice of defrauding tax preparers in an effort to reduce your tax liability;
  11. We do not represent you for any matter in connection with your return including the whereabouts of your tax refund or an audit.  These items are separate services we offer.
  12. We can and may from time to time amend, change, or remove any part or parts of any single line item of our Terms and Conditions to remain competitive in the marketplace.

TERMS AND CONDITIONS FOR MONTHLY BOOKKEEPING SERVICE

  1.  EC3 SMALL BUSINESS SOLUTIONS pays for annual licensure through Quickbooks Online.  As long as EC3 Small Business Solutions or any of its employees or affiliates is listed as your accountant or administrator of record, we retain the right to bill you for our listing.   This includes former clients who continue using Quickbooks with our firm integrated with your books.
  2. Monthly bookkeeping invoices are due upon receipt.  Any payment after 7 days is delinquent and subject to administrative charges;
  3. We charge per transaction and charge additional amounts for adding payees for debits and transfers;
  4. Our firm’s hourly rate for 2021 is $100 per hour for any non-standard bookkeeping item such as but not limited to making general journal entries;
  5. You agree to EC3 Inc’s expertise and agree to abide by the guidance and direction of any of our employees or affiliates

PERSONAL JURISDICTION FOR THESE TERMS AND CONDITIONS

By Employing EC3, Inc. or engaging in any of our services, you agree to and are legally bound to the jurisdiction of Cobb County, State of Georgia, United States of America.