Terms of Service

Last Updated: [Insert Today’s Date]

1. Acceptance of Terms

Welcome to Fareed Consulting. By accessing our website at https://mafareedconsulting.com/ (“Site”) or engaging our financial, taxation, and accounting services (“Services”), you agree to be bound by these Terms of Service (“Terms”).

If you do not agree to these Terms, please do not use our Services or access our Site. These Terms apply to all visitors, users, and clients globally.

2. Description of Services

Fareed Consulting provides professional financial and business solutions, including but not limited to:

  • Accounting & Bookkeeping: Maintenance of ledgers, financial reporting, and payroll processing.

  • Taxation Services: Tax planning, preparation, filing, and compliance for individuals and businesses (local and international).

  • Financial Consulting: Budgeting, forecasting, financial analysis, and business advisory.

  • Corporate Services: Business registration and compliance support.

Note: While we strive to provide accurate and timely advice, specific engagement terms (fees, deliverables, timelines) may be outlined in a separate Engagement Letter or Service Agreement signed by you. In the event of a conflict between these Terms and an Engagement Letter, the Engagement Letter shall prevail.

3. Client Responsibilities & Integrity of Data

To perform our Services effectively, we rely on the information you provide. By using our Services, you agree to:

  • Provide accurate, complete, and timely financial documents, records, and information.

  • Disclose all relevant facts affecting your tax or financial situation.

  • Accept responsibility for the authenticity of the documents provided.

Important Disclaimer: Fareed Consulting is not responsible for any penalties, interest, or legal issues arising from incorrect, misleading, or fraudulent information provided by the client. We do not audit or verify the data you submit unless specifically engaged to perform an Audit service.

4. Professional Advice and No Guarantee

  • Tax Outcomes: While we utilize our expertise to minimize your tax liability within legal limits, we cannot guarantee specific outcomes, such as a specific tax refund amount or the avoidance of a tax audit by government authorities.

  • Changes in Law: Tax laws and financial regulations change frequently. Our advice is based on the laws in effect at the time the advice is given. We are not responsible for subsequent changes in legislation that may affect your past or future positions.

5. Fees and Payments

  • Pricing: Fees for our Services are quoted based on the scope of work (e.g., hourly rate, fixed retainer, or per-project fee).

  • Invoicing: Invoices are due upon receipt unless otherwise agreed in writing.

  • Late Payments: We reserve the right to suspend work or withhold documents/filings if fees remain unpaid.

  • Currency: Unless otherwise stated, payments are to be made in the currency agreed upon in your invoice/proposal.

6. Confidentiality

We understand the sensitivity of financial and tax data. Fareed Consulting agrees to:

  • Keep all client information strictly confidential.

  • Not disclose your data to third parties without your consent, except as required by law or for the purpose of processing your work (e.g., through secure cloud accounting software).

  • Take reasonable security measures to protect your data.

7. Intellectual Property

  • Our Content: The content on our Site (logos, text, graphics, methodologies) is the property of Fareed Consulting and is protected by copyright laws.

  • Client Deliverables: Upon full payment of fees, any financial statements, tax returns, or reports prepared specifically for you become your property. However, we retain ownership of our working papers, templates, and internal processes used to generate those documents.

8. Limitation of Liability

To the fullest extent permitted by applicable law:

  • Fareed Consulting shall not be liable for any indirect, incidental, special, or consequential damages arising out of or in connection with the use of our Services.

  • Liability Cap: Our total liability for any claim arising out of our Services shall not exceed the total amount of fees paid by you to us for the specific service giving rise to the claim during the 12 months preceding the event.

9. Third-Party Services

We may use third-party software (e.g., QuickBooks, Xero, Excel, secure file portals) to provide our Services. We are not responsible for any data breaches, downtime, or errors caused specifically by these third-party platforms, though we will make every effort to assist in resolving such issues.

10. Termination

  • By You: You may terminate our Services at any time by providing written notice. You remain liable for payment for all work completed up to the date of termination.

  • By Us: We may terminate or suspend Services if you fail to pay fees, fail to provide necessary information, or violate these Terms.

11. Governing Law

These Terms shall be governed by and construed in accordance with the laws of Pakistan (or the specific jurisdiction where your legal entity is registered), without regard to its conflict of law provisions. Any disputes arising from these Terms shall be resolved in the courts of said jurisdiction.

12. Contact Information

If you have any questions about these Terms of Service, please contact us:

Fareed Consulting

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