Common use of Fee for Representation Clause in Contracts

Fee for Representation. Generally, we bill an hourly rate, however for this matter we will only bill you to complete the Engagement if the Engagement results in a refund of taxes or amounts previously paid or due related to a successful ERTC claim. In the event that you obtain a refund related to taxes or amounts paid pursuant to the ERTC claim, you shall pay a fee as follows: Seven percent (7.0%) of the total refund amount received. For the avoidance of doubt, should you receive a refund of $100,000; you shall pay me a fee of $7,000. This fee is due immediately and payable within thirty (30) days of receipt of part or all of the refund you receive. Should your refund be overturned by the IRS on audit, the Firm will refund the fee previously paid pro-rata with the principal amount the Client repays to the IRS. For the avoidance of doubt, should the Client pay a fee to the Company of One Hundred Dollars $100 and the IRS later overturns Ten Percent (10%) of the original refund principal amount, the Firm shall repay the Client Ten Dollars ($10). In the event we are required to do additional work outside the reasonably anticipated scope of this Engagement ("Out-of-Scope Services"), such work shall be on a separate hourly basis and may require a separate engagement letter; an hourly rate can be outlined in that agreement. Out-of-Scope Services shall include work on separate or distinct matters not contemplated initially by both parties at the time this Agreement was entered into, or rework or other updates to documents necessary to correct inaccurate statements or representations. If we anticipate the need to provide any significant Out-of-Scope Services in connection with Engagement, we will endeavor to notify you before commencing with such work and incurring expenses and time and may request that you sign a separate engagement letter for the additional services to be performed. Out-of-Scope Services include, but are not limited to the following: Preparation of original or amended federal or state income tax returns other than those as outlined in the Engagement; Bookkeeping or financial record compilation services; Representation before state tax authorities concerning audits or formal examinations; Other business consulting services not related to the proposed Engagement; Preparing or drafting of other legal documents not specifically discussed earlier; Costs for subsequent state revenue authority appeals and audits, or costs incurred for filing in federal, District Court, or any other state We do our best to see that our clients are satisfied not only with our services but also with the reasonableness of the fees and disbursements charged for these services. Therefore, if you have any questions about or objection to a statement or the basis for our fees to you, you should raise it promptly and not more than thirty (30) days after you receive a bill for discussion. If you object only to a portion of the statement, we ask you pay the remainder, which will not constitute a waiver of your objections.

Appears in 2 contracts

Samples: Services Fee Agreement, Services Fee Agreement

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Fee for Representation. Generally, we bill an hourly rate, however for this matter we will only bill you to complete the Engagement if the Engagement results in a refund of taxes or amounts previously paid or due related to a successful ERTC claim. In the event that you obtain a refund related to taxes or amounts paid pursuant to the ERTC claim, you shall pay a fee as follows: Seven percent Percent (7.07%) of the total refund amount received. For the avoidance of doubt, should you receive a refund of $100,000; you shall pay me the Firm a fee of $7,000. This fee is due immediately and payable within thirty (30) days of receipt of part or all of the refund you receive. Should your refund be overturned by the IRS on audit, the Firm will refund the fee previously paid pro-rata with the principal amount the Client repays to the IRS. For the avoidance of doubt, should the Client pay a fee to the Company of One Hundred Dollars $100 and the IRS later overturns Ten Percent (10%) of the original refund principal amount, the Firm shall repay the Client Ten Dollars ($10). Firm will add Client as a “Certificate Holder” on its relevant insurance policy as part of the refundable nature of the Firm’s fee. In the event we are required to do additional work outside the reasonably anticipated scope of this Engagement ("Out-of-Scope Services"), such work shall be on a separate hourly basis and may shall require a separate engagement letter; no Out-of-Scope Services shall commence prior to your express written authorization and an hourly rate can be outlined in that agreement. Out-of-Scope Services shall include work on separate or distinct matters not contemplated initially by both parties at the time this Agreement was entered into, or rework or other updates to documents necessary to correct inaccurate statements or representations. If we anticipate the need to provide any significant Out-of-Scope Services in connection with Engagement, we will endeavor to notify you before commencing with such work and incurring expenses and time and may request that you sign a separate engagement letter for the additional services to be performed. Out-of-Scope Services include, but are not limited to the following: Preparation of original or amended federal or state income tax returns other than those as outlined in the Engagement; Bookkeeping or financial record compilation services; Representation before state tax authorities concerning audits or formal examinations; Other business consulting services not related to the proposed Engagement; Preparing or drafting of other legal documents not specifically discussed earlier; Costs for subsequent state revenue authority appeals and audits, or costs incurred for filing in federal, District Court, or any other state court. We do our best to see that our clients are satisfied not only with our services but also with the reasonableness of the fees and disbursements charged for these services. Therefore, if you have any questions about or objection to a statement or the basis for our fees to you, you should raise it promptly and not more than thirty (30) days after you receive a bill for discussion. If you object only to a portion of the statement, we ask you pay the remainder, which will not constitute a waiver of your objections.

Appears in 1 contract

Samples: Services Fee Agreement

Fee for Representation. Generally, we bill an hourly rate, however for this matter we will only bill you to complete the Engagement if the Engagement results in a refund of taxes or amounts previously paid or due related to a successful ERTC claim. In the event that you obtain a refund related to taxes or amounts paid pursuant to the ERTC claim, you shall pay a fee as follows: Seven Ten percent (7.010.0%) of the total refund amount received. For the avoidance of doubt, should you receive a refund of $100,000; you shall pay me a fee of $7,00010,000. This fee is due immediately and payable within thirty (30) days of receipt of part or all of the refund you receive. Should your refund be overturned by the IRS on audit, the Firm will refund the fee previously paid pro-rata with the principal amount the Client repays to the IRS. For the avoidance of doubt, should the Client pay a fee to the Company of One Hundred Dollars $100 and the IRS later overturns Ten Percent (10%) of the original refund principal amount, the Firm shall repay the Client Ten Dollars ($10). In the event we are required to do additional work outside the reasonably anticipated scope of this Engagement ("Out-of-Scope Services"), such work shall be on a separate hourly basis and may require a separate engagement letter; an hourly rate can be outlined in that agreement. Out-of-of- Scope Services shall include work on separate or distinct matters not contemplated initially by both parties at the time this Agreement was entered into, or rework or other updates to documents necessary to correct inaccurate statements or representations. If we anticipate the need to provide any significant Out-of-Scope Services in connection with Engagement, we will endeavor to notify you before commencing with such work and incurring expenses and time and may request that you sign a separate engagement letter for the additional services to be performed. Out-of-Scope Services include, but are not limited to the following: Preparation of original or amended federal or state income tax returns other than those as outlined in the Engagement; Bookkeeping or financial record compilation services; Representation before state tax authorities concerning audits or formal examinations; Other business consulting services not related to the proposed Engagement; Preparing or drafting of other legal documents not specifically discussed earlier; Costs for subsequent state revenue authority appeals and audits, or costs incurred for filing in federal, District Court, or any other state We do our best to see that our clients are satisfied not only with our services but also with the reasonableness of the fees and disbursements charged for these services. Therefore, if you have any questions about or objection to a statement or the basis for our fees to you, you should raise it promptly and not more than thirty (30) days after you receive a bill for discussion. If you object only to a portion of the statement, we ask you pay the remainder, which will not constitute a waiver of your objections.

Appears in 1 contract

Samples: Services Fee Agreement

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Fee for Representation. Generally, we bill an hourly rate, however for this matter we will only bill you to complete the Engagement if the Engagement results in a refund of taxes or amounts previously paid or due related to a successful ERTC claim. In the event that you obtain a refund related to taxes or amounts paid pursuant to the ERTC claim, you shall pay a fee as follows: Seven Ten percent (7.010.0%) of the total refund amount received. For the avoidance of doubt, should you receive a refund of $100,000; you shall pay me a fee of $7,00010,000. This fee is due immediately and payable within thirty (30) days of receipt of part or all of the refund you receive. Should your refund be overturned by the IRS on audit, the Firm will refund the fee previously paid pro-rata with the principal amount the Client repays to the IRS. For the avoidance of doubt, should the Client pay a fee to the Company of One Hundred Dollars $100 and the IRS later overturns Ten Percent (10%) of the original refund principal amount, the Firm shall repay the Client Ten Dollars ($10). In the event we are required to do additional work outside the reasonably anticipated scope of this Engagement ("Out-of-Scope Services"), such work shall be on a separate hourly basis and may require a separate engagement letter; an hourly rate can be outlined in that agreement. Out-of-Scope Services shall include work on separate or distinct matters not contemplated initially by both parties at the time this Agreement was entered into, or rework or other updates to documents necessary to correct inaccurate statements or representations. If we anticipate the need to provide any significant Out-of-Scope Services in connection with Engagement, we will endeavor to notify you before commencing with such work and incurring expenses and time and may request that you sign a separate engagement letter for the additional services to be performed. Out-of-Scope Services include, but are not limited to the following: Preparation of original or amended federal or state income tax returns other than those as outlined in the Engagement; Bookkeeping or financial record compilation services; Representation before state tax authorities concerning audits or formal examinations; Other business consulting services not related to the proposed Engagement; Preparing or drafting of other legal documents not specifically discussed earlier; Costs for subsequent state revenue authority appeals and audits, or costs incurred for filing in federal, District Court, or any other state We do our best to see that our clients are satisfied not only with our services but also with the reasonableness of the fees and disbursements charged for these services. Therefore, if you have any questions about or objection to a statement or the basis for our fees to you, you should raise it promptly and not more than thirty (30) days after you receive a bill for discussion. If you object only to a portion of the statement, we ask you pay the remainder, which will not constitute a waiver of your objections.

Appears in 1 contract

Samples: Services Fee Agreement

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