Terms of Service

1. Agreement to Terms

By accessing and using the services of Velvety Expedition, located at Wellington House, Wellington St, Cardiff CF11 9BE, UK, you agree to be bound by these Terms of Service and all applicable laws and regulations. If you do not agree with any of these terms, you are prohibited from using our services.

2. Description of Services

Velvety Expedition provides professional accounting and wealth management services to small and medium enterprises (SMEs) in the United Kingdom, including but not limited to:

• Bookkeeping and accounting services
• Tax planning and compliance
• Wealth management and investment advisory
• Business advisory and consultation
• Regulatory compliance assistance
• Digital financial solutions

3. Professional Standards

Our services are provided by qualified professionals in accordance with:

• UK Generally Accepted Accounting Principles (UK GAAP)
• International Financial Reporting Standards (IFRS)
• HM Revenue and Customs (HMRC) regulations
• Financial Conduct Authority (FCA) guidelines where applicable
• Professional standards of relevant accounting and financial bodies

4. Client Responsibilities

As our client, you agree to:

• Provide complete, accurate, and timely information
• Maintain proper financial records and documentation
• Pay fees according to agreed terms
• Comply with all applicable laws and regulations
• Notify us promptly of any changes affecting our services
• Review and approve all work before submission to authorities

5. Fees and Payment Terms

Service fees will be agreed upon in writing before commencement of work. Payment terms include:

• Fees are due within 30 days of invoice date
• Late payment may incur additional charges
• We reserve the right to suspend services for non-payment
• Fee structures may be hourly, fixed fee, or retainer-based
• Additional charges may apply for expedited services

6. Confidentiality

We maintain strict confidentiality regarding all client information and financial data. This includes:

• Non-disclosure of client information to third parties without consent
• Secure storage and handling of financial documents
• Compliance with data protection regulations
• Professional privilege where applicable

7. Limitation of Liability

Our liability is limited as follows:

• Total liability shall not exceed the fees paid for the specific service
• We are not liable for consequential or indirect damages
• Liability is limited to instances of gross negligence or willful misconduct
• Professional indemnity insurance coverage is maintained
• Time limits apply for claims (typically 6 years from service completion)

8. Intellectual Property

All intellectual property rights in our methodologies, software, and proprietary materials remain our property. Clients receive a limited license to use our work product for their business purposes only.

9. Data Protection and Privacy

We comply with the General Data Protection Regulation (GDPR) and UK data protection laws. Our data handling practices are detailed in our Privacy Policy.

10. Termination

Either party may terminate the service relationship with written notice:

• 30 days' notice for ongoing services
• Immediate termination for breach of terms
• Outstanding fees remain due upon termination
• Client records will be returned as requested
• Confidentiality obligations survive termination

11. Force Majeure

We are not liable for delays or failures in performance due to circumstances beyond our reasonable control, including but not limited to natural disasters, government actions, pandemics, or technical failures.

12. Governing Law

These terms are governed by the laws of England and Wales. Any disputes will be subject to the exclusive jurisdiction of the courts of England and Wales.

13. Amendments

We reserve the right to modify these terms at any time. Changes will be effective immediately upon posting on our website. Continued use of our services constitutes acceptance of modified terms.

14. Contact Information

For questions regarding these Terms of Service, please contact us: