[Client’s Name]




Dear [___________],


We have retained Loyal & Profit to assist us with your tax planning. This letter therefore serves as a formal notification to you of the foregoing, and to seek your express consent for the disclosure of your tax information.

Loyal & Profit’s Services

Loyal and Profit will perform the following services for you:

  1. Bookkeeping and Compliance Services: This includes bookkeeping, payroll, bill payment, audits, reviews, and financial reporting.


  1. Representation: This is typically before the IRS or state or local revenue departments to resolve tax and business licensing disputes. Please let us know right away if you receive any letters from the IRS or any other tax agency.


  1. Technology/consulting/advisory/outsourced CFO services: These include obtaining financing, contracting, purchasing, performance-based service, data analytics, bench marking, business advisory, and lean processes.


  1. Strategic Coaching Services: This includes support for clarifying the business and personal financial plans, developing financial forecasts, planning acquisitions, sales, mergers, retirement and succession planning.


  1. Attestation: This includes verifying information, preparing third party reports and compilation, review or audit of financial statements.


  1. Tax: This includes the calculation and preparation of a local tax return. However, Loyal & Profit shall not file your local tax returns. Loyal & Profit is also available to offer additional representation services on local tax issues. However, work on a local tax issue after the completion and delivery of the tax return as described here is considered to be work after the end of the engagement.

Please note that Loyal & Profit’s work will not include procedures to find defalcations or other irregularities. Accordingly, you should not rely on Loyal & Profit to disclose errors, fraud, or other illegal acts. It may therefore be necessary for you to clarify some of the information you submit. The foregoing notwithstanding, Loyal & Profit will inform you of any material errors, fraud, or other illegal acts it discovers.

Loyal & Profit will retain and securely store copies of records used in the preparation of its work and the resulting work product for at least as long as the period required by law and industry standards. Loyal & Profit will return your original records at the end of the engagement. You should securely store these records, along with all supporting documents, canceled checks, etc.

Loyal & Profit cannot and does not guarantee results. When a third party like IRS or a court is involved, Loyal & Profit cannot assure that reasonable, legal and fair practices will be the outcome of its work.

Collection of Information

We will act as an intermediary and help you with translation. You acknowledge that you will provide all the information needed.

You may be asked to clarify some items. However, Loyal & Profit will not audit or otherwise verify the data you submit.

Loyal & Profit may provide a checklist to help collect the data, and will help you avoid overlooking important information.


Information you provide will be kept confidential. You will be solely responsible for the information that you receive. You should not share the information you receive with the public as it is only a note and is intended for your internal usage.

Legal Obligations

The law imposes penalties when taxpayers underestimate their tax liability. Please contact us if you have concerns about such penalties.

In the event there is unclear tax law, or possibility of potential conflicts in the interpretation of the law, Loyal & Profit will outline the reasonable courses of action and the risks and consequences of each. You will then be required to select a favorable alternative.

You also agree to hold us and Loyal & Profit harmless on any strategies you implement.

Payment and Fees

We are the intermediary between you and Loyal & Profit. You will therefore make payments for the services to us. In that regard, we shall send you invoices from Loyal & Profit. Invoices are due and payable upon presentation.

The fees for the services are solely in Loyal & Profit’s discretion. The fees are based on the complexity of the services, and will be quoted in advance of any work. Please further note that the fees are not fixed, and may be increased at Loyal & Profit’s discretion.

To the extent permitted by state law, an interest charge may be added to all accounts not paid within thirty (30) days.

End of Engagement

Unless otherwise agreed by extension agreement or as provided in an ongoing services agreement, our engagement with Loyal & Profit ends with the completion of tasks you assign to them. Typically, this is the date of delivery of any completed work product documents to you.

Please contact us if you have any questions.

To affirm your consent to the engagement, please sign the consent form that is enclosed herein.























The law requires this consent form be provided to you. Unless authorized by law, we cannot disclose your tax return information to third parties for purposes other than the preparation and filing of your tax return without your consent. If you consent to the disclosure of your tax return information, the law may not protect your tax return information from further use or distribution.

If you agree to the disclosure of your tax return information, your consent is valid for the amount of time that you specify. If you do not specify the duration of your consent, your consent is valid for one year from the date of signature.

Please complete: (To be completed by the taxpayer.)

Purpose for disclosing information: _____________________________________ ______________________________________________________________________________________________________________________________________

Name and address to whom the information is being disclosed:


Duration of consent: _________________________________

I, ______________________________________, authorize _____________________________

to disclose to ________________________________ my tax return information for 20___.


Signature: ______________________________________________ Date: _______________


If you believe your tax return information has been disclosed or used improperly in a manner unauthorized by law without your permission, you may contact the Treasury Inspector General for Tax Administration (TIGTA) by telephone at 1-800-366-4484, or by email to: complaints@tigta.treas.gov


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