My individual tax client just asked me a question about a tax issue concerning his business.
I told him about my hourly rate and the retainer I needed. In the email, I briefly talk about how retainers work. I told her that i will need 2 hours' fee as retainer. When it goes near to the 1 hour mark, she will have to replenish the retainer.
This may be a one time engagement or there may be more tax issues coming up. How should I address this in the letter?
Would any one be able to send me an engagement letter on this issue as a sample?
Or would you not send an engagement letter and just have her to pay you two hours retainer, then send a complete bill her after the job is done.