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MARK LEE considers the important role played by tax letters of engagement
KEY POINTS
- Recent tax engagement letters are too long and are often indecipherable.
- Not all practitioners issue tax engagement letters.
- The letter should make clear the basis on which fees will be charged.
- The professional bodies have collaborated on what the new tax engagement letters should contain.
What is your attitude to the issue of engagement letters for tax work? If you provide a wider range of services then your answer will be affected by your attitude to the issue of engagement letters generally.
In my experience all tax legal and accountancy firms of any size attempt to issue engagement letters routinely to all new clients. Most smaller practitioners do the same but there is also a group who do not 'believe' in engagement letters. And this reluctance is recognised by some of the professional bodies who...
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