HomeMy WebLinkAboutAgreement_General_08/20/2008^
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accountants • advisors
May x, 2008
JoAnn Forsythe, CPA
Finance Director
Village of Tequesta
345 Tequesta Drive
Tequesta, FL 33469-0273
Dear Ms. Forsythe:
This letter sets forth our understanding of tbe nature and terms of our engagement to provide tax consulting services
relating to The Village of Tequesta in connection with the tax reporting of workers coTtrpensation payments paid to
certain employees.
We will evaluate your situation based on the information and documents you provide us. We will complete any
necessary research in order to provide statutory, regulatory or judicial support for tax positions taken or to be taken.
Finally, if during the course of our engagement, we become aware that a particular piece of information may be
inaccurate or incorrect, we will discuss such item with you prior to completing our engagement.
Our fee for this engagement will be based on the number of hours required to complete the research engagement and
the hourly rate of the individuals assigned to the engagement. Based on our preliminary understanding of the terms
to be examined, our familiarity with your particular situation and our experience in assisting other taxpayers with
similar tax issues we anticipate our fee will be 51,800.Our liabilities for this engagement are limited to the fees paid
for the work performed.
The length of time required to complete a tax consulting engagement is dependent on many factors beyond our
control including the complexity of the issue at hand, the amount of research necessary to satisfy ourselves with
respect to the tax positions taken or to be takeq and the amount of documentation and support we need to produce to
satisfy ourselves with respect to the tax positions taken or to be taken. If it appears that the actual fees to co~lete
the engagement will exceed the fee estimate we have provided to you, we will immediately discuss such occurrence
with you in order to arrive at a mutually acceptable revised fee.
It is our goal to maintain a constructive and positive relationship with you. If for any reason you are dissatisfied with
the quality or costs of our services, please let us know so we can discuss and, hopefully, rectify the problem Should
we be unable to amicably resolve any such dispute, we believe a prompt and fair resolution, without the time and
expense of formal court proceedings, would be in our mutual interests.
To this end, we both agree that any controversy (including fee disputes and malpractice claims) we may have shall be
submitted to binding arbitration to be conducted in Florida before the American Arbitration Association ("AAA's in
accordance with the Commercial Arbitration Rules of the AAA. We both waive any right to bring a court action, or
to have a jury trial, and agree that the party prevailing in any arbitration shall be entitled to recover from the non-
prevailing party its reasonable attorney's fees and costs, including fees and costs which might be incurred in
litigation related to the arbitration.
~~~
Raehlin LLP ^ One Southeast Third Avenue ^ Tenth Floor ^ Miami, Florida 33131 ^ Prone 305.377.4226 ^ Fax 305.377.8331 ^ www.rachlin.com
An Independent Member of Baker Tilly International
M i A M t ^ F O R T L A D D E R D A L E ^ w E S T P A L M ! E A C N
JoAnn Forsythe, CPA
Finance Director
Village of Tequesta
May 8, 2008
Page 2
If this letter correctly sets forth your understanding of the nature and terms of our engagement, please sign and date
the duplicate original and return it to us.
We appreciate the opportunity to be of service to you and believe that this letter accurately summarizes the
signiScant terms of our engagement. If you have any questions, please let us 1mow. If you agree with the terms of
our engagement as described in this letter, please sign the enclosed copy in the space provided, and return it to us as
our authority to beginyetflscrvices.
Sincerely,
J. utler, l
Partner
cc: G. Jerry Chiocca, CPA
Lewis Kevelson, CPA
APPROVED:
Signed:
(Print name)
Title: V,' ~ ~- ~~
Date: ~\Z-b~ ~ [~
F:\shared\Village of Tequesta 2 .DOC
Rachlin
accountants • advisors