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Post Info TOPIC: Letters of Engagement
Leger


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Letters of Engagement
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Should letters of engagement be done for sole traders and Ltd Co's, or just Ltd Co's. What are people's thoughts?  It's an area where I've been a bit lax in the past.



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John 

 

 

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haymac


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Hi John, I would say yes, it is professional etiquette in my opinion regardless of your company status.

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Artois


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Leger wrote:

Should letters of engagement be done for sole traders and Ltd Co's, or just Ltd Co's. What are people's thoughts?  It's an area where I've been a bit lax in the past.

 Hi John, I am pretty lax too!

I tend to send out LOE with Ltd Companies although sometimes i just send an email including the services I will provide and the prices, with sole traders i tend not too bother if they are just simple tax returns which I know is wrong and if Joanne was still on here I would get my wrists slapped, but again i do send an email so it is on record.

PS, must change my Avatar!!!



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Doug

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Leger


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Hi Doug

Thanks, I do them for Ltd Co's now but have tended to not do them for sole traders, although I did one a month or so ago for a new client, and I haven't heard from him since!!!   I was having a discussion about it with my data entry bod yesterday and that's what prompted the post. 

 

I'm keeping my avatar, it'll be topical again come the middle of March lol.



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Artois


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Leger wrote:

Hi Doug

Thanks, I do them for Ltd Co's now but have tended to not do them for sole traders, although I did one a month or so ago for a new client, and I haven't heard from him since!!!   I was having a discussion about it with my data entry bod yesterday and that's what prompted the post. 

Hi John

I think some clients look at the LOE and the amount of information in it and start to panic and do not want to sign it especially sole traders which is why I do not bother, plus in this day and age it is so easy to just go back on it and refuse to pay that it seems a waste of time anyway, just my opinion.

Cheers



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Doug

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Leger


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Thanks Doug and thanks Julie, both comments appreciated.



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
BudgetB


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An engagement letter should be issued and signed by all clients.  They are not just there to ensure that you get paid but also to explain to the client scope of work, MLR terms, how to complain, your terms of business etc.  If you are a member of any bookkeeping or accountancy body then you will get hauled over the coals for not having one in place for every client.



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Jenny

 

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Maat


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Yes. For obvious reasons.

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Leger


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Thanks Jenny and MAAT

 



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
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