Engagement Terms
ATC’s practice is to offer US tax consulting support or advice to appropriate high net wealth clients, their trustees or advisers on a minimum 5 or 10 hour one year retainer engagement basis at £195 per hour. The retainer fee (£975 or £1950) is due at the time of engagement and is creditable against hourly time costs on the present or any other ATC engagement for the same client in the ensuing 12 month period.
In substantial value engagements or involving interpretation of law where guidance is limited, it is ATC’s practice to consult one or more international tax colleagues whose fees will be charged as a disbursement at their usual rates.
Following my retirement from Ernst & Young, I am able to offer my US private wealth clients a considerably reduced hourly rate of £195 because I consult from a home office and without professional insurance cover. While I continue to actively monitor US tax developments with the same resources as before, a condition of offering this reduced rate is that my professional liability is limited to a return of the consulting fees charged.