Disclaimer

Effective Date: December 15, 2024

Last Updated: December 15, 2024

1. General Disclaimer

SmartBooks provides professional accounting services to assist clients with their financial needs. However, our services are subject to the following important limitations and disclaimers:

• Our services are for informational and professional assistance purposes only
• We do not provide legal, investment, or financial planning advice unless specifically contracted
• All advice is based on information provided by clients and current regulations
• Results may vary based on individual circumstances and external factors
• We do not guarantee specific outcomes or financial results

2. Professional Service Limitations

Scope of Services

Our professional accounting services include:

• Tax preparation and filing assistance
• Bookkeeping and financial record management
• Financial reporting and analysis
• Compliance assistance and consulting
• Business advisory services within our expertise

3. Tax and Regulatory Disclaimers

Tax Law Changes

Tax laws and regulations are subject to frequent changes. While we stay current with tax legislation:

• Tax advice is based on current laws at the time of service
• Future legislative changes may affect previous advice
• Clients are responsible for reporting changes that may affect their tax situation
• We cannot guarantee the permanence of tax positions or strategies

Regulatory Compliance

While we assist with compliance matters:

• Ultimate responsibility for compliance rests with the client
• Clients must provide complete and accurate information
• We cannot guarantee acceptance by regulatory authorities
• Additional professional advice may be required for complex matters

4. Information Accuracy and Completeness

Specifically:

• We rely on client-provided documents and information
• We do not independently verify all information unless specifically contracted
• Incomplete or inaccurate information may result in incorrect advice
• Clients must disclose all relevant facts and circumstances
• Failure to provide complete information may affect service quality

5. Technology and System Limitations

Our services rely on various technologies and systems:

• Software and systems may experience occasional downtime
• Data transmission is subject to technical limitations
• We implement security measures but cannot guarantee 100% security
• Clients should maintain backup copies of important documents
• Technical issues may cause service delays

6. Third-Party Dependencies

Our services may depend on third-party systems and providers:

• Government systems for filing and compliance
• Banking systems for payment processing
• Software providers for accounting tools
• Communication systems for client interaction
• Professional networks and resources

We are not responsible for third-party system failures or limitations.

7. No Guarantee of Results

Specifically, we do not guarantee:

• Specific tax savings or refund amounts
• Approval of tax positions by authorities
• Business profitability or success
• Compliance acceptance by regulatory bodies
• Protection from penalties or interest charges
• Specific timeline for government processing

8. Professional Judgment and Opinion

Our services involve professional judgment and opinion:

• Different professionals may reach different conclusions
• Professional opinions are based on available information and experience
• Complex matters may require additional consultation
• We reserve the right to revise opinions based on new information
• Professional judgment is subject to reasonable interpretation

9. Time Sensitivity

Many aspects of our services are time-sensitive:

• Tax deadlines and filing requirements must be met
• Advice may become outdated due to law changes
• Client delays may affect service delivery
• Time limitations may restrict available options
• Emergency situations may require additional resources

10. Limitation of Liability

SmartBooks' liability is limited as follows:

• Total liability is limited to fees paid for the specific service
• We are not liable for consequential or indirect damages
• We are not liable for client business decisions
• We are not liable for third-party actions or failures
• We are not liable for penalties due to incomplete client information

11. Professional Standards and Ethics

SmartBooks operates under professional standards:

• We follow CPA Canada professional guidelines
• We maintain professional independence when required
• We adhere to confidentiality requirements
• We participate in continuing professional education
• We may decline services outside our competence

12. Website and Digital Content

Information on our website and digital platforms:

• Is provided for general informational purposes
• May not reflect the most current legal or regulatory developments
• Should not be relied upon as specific professional advice
• May contain links to third-party websites not under our control
• Is subject to copyright and intellectual property protection

13. Seeking Additional Professional Advice

Clients are encouraged to seek additional professional advice when:

• Dealing with complex legal matters
• Making significant investment decisions
• Facing regulatory investigations or audits
• Planning major business transactions
• Considering matters outside our stated expertise

14. Contact Information

If you have questions about this disclaimer or need clarification about our services:

SmartBooks Professional Services
Address: 93 Wellington St W, Toronto, ON, Canada
Phone: +1 347-981-5602
Email: [email protected]