Term of use

Please read these terms and conditions carefully, they contain important information about your rights and obligations when using the Service. These terms may be updated from time to time so it is important you review them regularly.

Introduction

We are Skyrock Accountants Ltd (“ Skyrock Accountants”, “ Formerly The Financial Warehouse Company” “FWCO”“us”, “we”, and “our”). We are a company registered in England and Wales under company number 08236899 and our business address is The Business Terrace , Maidstone , ME15 6AW

Nature of Services/ Our Responsibilities

Preparation and submission of accounts to HMRC and Companies House.

Calculation of Corporation Tax Returns

Calculation of Personal Tax Return

Calculation and submission of annual director wages and PAYE

Calculation and filing of quarterly VAT returns (if registered)

Access to the online software

Account

We reserve the right, at our discretion, not to accept an application to use SkyrockAccountants  services.  This may be due to technical reasons, because the Client is banned by us from using the Service, we have been unable to confirm the identity of the director/owner of the business or any other reason.  No charge is made for a declined application.

If we accept an account we will confirm acceptance by email and at such point, a legally binding contract will be created between the Client and us.  The agreement will be subject to English Law and the provisions of these terms and conditions shall govern our agreement with you.

Money Laundering

All Accountancy Service Providers (which includes tax advisers, bookkeepers, payroll bureau) must comply with onerous duties imposed by the Terrorism Act 2000, the Proceeds of Crime Act 2002, the Fraud Act 2006, and the Money Laundering Regulations 2007 (the “Anti Money Laundering Legislation”), which are intended to inhibit the activities of terrorists and other criminals by denying them access to technical expertise. If we fail to perform these duties, we risk imprisonment.

Before we accept your instructions, we need to obtain ‘satisfactory evidence’ to confirm your identity. In certain circumstances, we may need to obtain evidence confirming the identities of third parties, the source of any funds or other property, the purpose of any instructions, or any other matter. We may also need to obtain further evidence after we have begun to act on your instructions and the evidence may include searching by electronic means.

We assume that our clients are honest and law-abiding. However, if at any time, there appear to be grounds to suspect (even if we do not actually suspect) that your instructions relate to ‘criminal property’, we are obliged to make a report to the Serious Organised Crime Agency (“SOCA”) but we are prohibited from telling you that we have done so.

In such circumstances, we must not act on your instructions without consent from SOCA. If SOCA does not refuse consent within 7 working days we may continue to act. If SOCA issue a refusal within that time, we must not act for a further 31 days from the date of the refusal.

‘Criminal property is a property in any legal form, whether money, real property, rights, or any benefit derived from criminal activity. It does not matter who carried out the criminal activity or how removed the property is from the original crime. Even if you are honest in your dealings, if your property represents a benefit from someone else’s crime, we must still make a report.

Activity is considered ‘criminal’ if it is a crime under UK law, no matter how trivial, and whether carried out in the UK or abroad. For example, tax evasion is a criminal offense but an honest mistake is not an offense.

Responsibilities of the Client

You are responsible for ensuring that the company maintains proper accounting records and for preparing the accounts and for determining whether or not, in respect of the period, the accounts are true, fair, and accurate.

You will keep records of sales invoices, purchase invoices, receipts and payments, bank statements, together with any documents relating to the company’s transactions and activities.

You are responsible for ensuring you use a proper accounting system and ensure that the accounting system has been approved by Skyrock Accountants for use and that the accounts system is accurately and regularly updated.

You are responsible for any previous accounts or tax returns that have not been completed by us and the filing at HMRC and Companies House of any paperwork necessary to fulfill your accounting duties each year.

Your Subscription and Payments

The monthly fees, as set out on our website, shall be paid by the Client monthly in advance.  Prices on our website out quoted in UK pounds sterling and are exclusive of VAT which is payable on top.

All monthly subscriptions must be made by Direct Debit and no payment shall be deemed to have been received until Skyrock Accountants has received cleared funds.

The Client shall make all payments due under this Agreement in full without any deduction whether by way of set-off, counterclaim, discount, abatement, or otherwise unless the Client has a valid court order requiring an amount equal to such deduction to be paid by SkyrockAccountants to the Client.

If the Client is making an annual payment for the service then the full annual payment is payable upfront on commencement of the service and no refund is available if the account is canceled before the end of the year.

If additional work is completed that is not part of the Service then Skyrock Accountants will notify the approx. the cost initially and all payments will be due no later than 14 days after the date of invoice.

If our fees become overdue then we reserve the right to suspend the service until the full balance is paid. We reserve the right to terminate the account on nonpayment. Once the subscription becomes overdue Skyrock Accountants will not be held responsible for any current or future submission and any late penalties applied for accounts, vat or payee will be the responsibility of the client.

Termination of Service

Skyrock Accountants reserves the right to terminate the Service if the Client commits a breach of these Terms and Conditions, or if payment of the Service is not paid on time or for any other reason.  Any termination will be sent in writing to the Client giving one month’s notice and no refund will be payable by us for any payments made.  If after, one month’s notice the issue has not been resolved, Skyrock Accountants will take action to terminate all activities involving the Service and disengage ourselves as your Agent.

Cancellation of Service by Client

The Client can terminate the Service at any time by contacting Skyrock Accountants.  No further payment will be taken from the Client unless it is too late to stop the direct debit and no refund will be given from fees already charged.  Following the cancellation of the Service, Skyrock Accountants will have no further responsibilities in relation to the preparation or filing of the Client’s accounting requirements.

If you cancel the account for any reason during the year and require us to complete end-of-year accounts and a tax return for the company prior to leaving then we will require that you have paid at least 6 months fees for the year the accounts need completing up to.

Limitation of Liability

Skyrock Accountants will not be responsible for any interest, penalties, losses, or additional tax liabilities that arise due to any omissions of any persons connected to the Client or any incomplete, misleading, false, or any other information that results in any additional monies being paid.

Skyrock Accountants will not be responsible or liable for any loss, damage, or expense incurred if information relating to the financial affairs of the Client are withheld, concealed, or omitted from us during the course of our service.  This applies to all parties, including 3rd parties, connected in any way to the Client.

Skyrock Accountants cannot and does not guarantee or warrant that the software comprising the Service will be error-free, free from infection, viruses, and/or code that has contaminating or destructive properties.

Skyrock Accountants will not be liable to you for any delay or failure to perform its obligations if the delay or failure is caused by circumstances outside their control.

Data Protection

In order for Skyrock Accountants to provide the Service, it will be necessary to process personal data about the Client (including names, addresses, and email accounts).  Such data will be processed by Skyrock Accountants Ltd in accordance with the Data Protection Act 1998.

Ownership and Retention of Records

During the course of our work, we may collect certain documents and other information relevant to your tax affairs.  Upon termination of the Service, we will return any original document back to you if requested.  Furthermore, unless you tell us not to, we intend to destroy correspondence and other papers that we store that are more than seven years old, other than documents that we think may be of continuing significance.

Third Parties

All accounts, statements, reports, and advice prepared or given by us are for your exclusive use within your business or to meet specific statutory responsibilities.  They should not be shown to any other party without our prior consent.

No third party shall acquire any rights to our agreement to provide professional services.

Applicable Law

These terms and conditions are governed by and construed in accordance with English Law.  The courts of England will have exclusive jurisdiction in relation to any claim, dispute, or difference concerning these Terms and Conditions and any matters arising from it.

Disclaimer

We will not be liable for any loss suffered by you or any third party as a result of our compliance with the Anti-Money Laundering Legislation or any UK law.