Legal Notice
Legal Notice & Service Disclaimer
This page outlines the terms, conditions, and limitations of the financial and professional services provided by 131 Agency LLC (the "Firm," "We," or "Us"). By engaging our services, you agree to these terms.
1. Scope of Service & Engagement
A. Service Agreement Governs: This Legal Notice is supplementary to, and does not replace, the separate, formal Engagement Letter or Service Agreement that will be provided to you. That signed agreement is the authoritative document defining the specific services, fees, deliverables, and duration of the professional relationship.
B. Bookkeeping vs. Tax Services: Our services are distinct and priced separately. QuickBooks Online Bookkeeping Services focus on classifying transactions, reconciling accounts, and generating financial reports. Tax Preparation Services focus on preparing and filing required tax returns based on the financial data you provide.
2. QuickBooks Online Bookkeeping Disclaimer
A. Data Accuracy & Client Responsibility: We rely on the financial data, documents, and information you provide to us (via QuickBooks Online, secure portals, or other methods). We do not audit or verify this information. The ultimate responsibility for the accuracy, completeness, and validity of all underlying transactions, documentation, and the proper use of the QuickBooks Online platform remains with the Client.
B. No Guarantee of Fraud Detection: Our bookkeeping procedures are designed to provide accurate financial records based on your input. They are not designed to discover errors, misrepresentations, fraud, theft, or other illegal acts.
C. No Tax or Legal Advice: Our bookkeeping staff, unless explicitly identified as a licensed CPA or EA in your Engagement Letter, do not provide formal tax advice, investment advice, or legal counsel. Any general financial insights provided are for informational purposes only.
3. Tax Preparation Service Disclaimer
A. Tax Position and Authority: We will prepare your tax returns based on the information you provide. You affirm that all information provided is accurate and complete to the best of your knowledge. We will use professional judgment and applicable tax law to prepare your returns, but the Client remains solely responsible for the tax position taken on the return.
B. Audit Risk and Representation: We strive for accuracy and compliance. However, we cannot guarantee that your tax return will not be selected for review or audit by the IRS or state tax authorities. Tax Audit Representation is a separate service that must be engaged and paid for under a separate agreement.
C. Forward-Looking Strategy: Any tax planning, forecasting, or strategic advice is based on current tax law and the financial data available at that time. We assume no responsibility for changes in tax law, regulatory policy, or your business circumstances that may affect future outcomes.
4. Technology, Security, and Confidentiality
A. Data Security: We utilize industry-standard security protocols for data storage, transmission, and access to your financial information and QuickBooks Online account. While we take reasonable measures to protect your data, we cannot guarantee the security of third-party platforms (including QuickBooks Online) or the security of your own network and devices.
B. Confidentiality: We maintain strict confidentiality concerning all non-public information received from you, in accordance with professional ethical standards. We will only disclose information as required by law, court order, or with your express authorization.
5. Limitation of Liability
The liability of 131 Agency LLC for any error, omission, or non-performance related to our services shall be strictly limited to the amount of fees paid to us for the specific service in question during the period in which the error occurred. In no event shall we be liable for any indirect, consequential, punitive, or special damages, including lost revenue or lost business opportunities.
6. Governing Law
This agreement and any disputes arising from it shall be governed by the laws of the State of Illinois, without regard to its conflict of law principles.