1. Payment & Billing Policy
Eriksen Consulting PC operates with a high level of transparency regarding professional fees. By engaging our services, you agree to the following billing terms:
- Retainer Services: Monthly retainers are invoiced on the 1st of each month and are due upon receipt. Services may be paused if payment is not received by the 10th of the month.
- Hourly Engagements: Hourly consulting is billed in 15-minute increments. Detailed time-logs are provided with each invoice.
- Automated Billing: For recurring family office support, we require that you provide payment method each time a payment is to be made. We do not store such information permanently.
- Late Fees: Balances unpaid after 30 days are subject to a late fee of 1.5% per month.
2. Refund & Cancellation Policy
Due to the professional nature of accounting services, fees are based on the time and expertise needed for the job. Therefore:
- Service Fees: All fees paid for professional time, reconciliation, and reporting are non-refundable.
- Cancellation: Monthly retainer agreements may be cancelled by either party with 30 days written notice. The final month of service will be billed in full.
- Project Deposits: Deposits for Clean & Organize projects are non-refundable once work has commenced.
3. Privacy & Confidentiality
We take the privacy of our High NetWorth clients with the utmost seriousness. Your financial data is protected by the highest standards of professional ethics and modern cybersecurity.
- Information Collection: We collect only the data necessary to perform accounting services, including bank statements, tax IDs, and investment records.
- Third-Party Disclosure: We do not sell or share your data with third parties for marketing purposes. Data is shared only with your designated Circle of Trust (attorneys, wealth managers) with your explicit consent.
- Security: We utilize bank grade encryption for all document storage and communication. We recommend all clients use our secure portal for transferring sensitive documents.
4. Professional CPA Engagement Terms
Eriksen Consulting PC provides specialized financial stewardship and administrative support. Please note the following distinctions:
- Nature of Service: We provide Tax Readiness and work-paper preparation. Unless specifically engaged in writing, we do not provide formal audit opinions or legal tax advice.
- Circular 230 Disclosure: Any tax advice contained in communications from this firm is not intended to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code.
- Client Responsibility: Accuracy of the final reports depends on the completeness of the information provided by the client. The client maintains ultimate responsibility for the accuracy of their tax filings.
5. Record Retention & Destruction
In accordance with professional standards, Eriksen Consulting PC maintains a record retention policy of 7years. After this period, physical and digital records may be destroyed unless otherwise agreed upon in writing. It is the client's responsibility to maintain their own permanent copies of all financial and tax records.