Terms & Conditions

Version 1.2.0 | Effective Date: April 2026

1. Not Tax, Legal, or Financial Advice

The Bank Statement Processor is a data extraction and formatting tool only. The information, calculations, and reports provided are for informational and organizational purposes only and do not constitute tax advice, legal advice, financial advice, or any other type of professional advice.

This tool is not a substitute for professional tax preparation services or consultation with a qualified Certified Public Accountant (CPA), tax attorney, or other licensed professional.

2. No Guarantee of Accuracy

While we strive for accuracy, we make no representations or warranties regarding the accuracy, completeness, reliability, or suitability of:

• Transaction extraction from bank statements
• Monthly summary calculations
• Transaction categorization (deposits, withdrawals, checks, fees, etc.)
• AI-assisted transaction labeling and classification
• Tax line mappings and taxable income summaries
• Any other output generated by this tool

YOU ARE SOLELY RESPONSIBLE for verifying all extracted data and calculations before using them for tax filing, accounting, or any other purpose.

3. User Responsibility

By using this tool, you acknowledge and agree that:

• You are responsible for the accuracy of the files you upload
• You will verify all extracted data and calculations independently
• You will review all generated reports for accuracy before use
• You understand that automated extraction and classification may contain errors
• You will not hold PnP, its operators, or affiliates liable for any errors, omissions, or adverse outcomes

4. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, P&P TAX AND ACCOUNTING LLC AND ITS OPERATORS, DEVELOPERS, AND AFFILIATES SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING OUT OF OR RELATED TO YOUR USE OF THIS TOOL.

5. Data Handling & Privacy

All uploaded files are processed in memory and are never permanently saved to our servers. Generated reports are streamed directly to you and not retained. Temporary files are automatically cleaned by the system. For full details, see our Privacy Policy | Cookie Policy.

6. Tax Return Information (IRC Section 7216)

By using PnP Tax, you consent to us processing your tax return information solely for the purpose of providing the requested services (bank statement processing, labeling, TIS generation, sales tax calculations, etc.).

We do not use your tax data for any other purpose without your explicit additional consent, in accordance with IRC Section 7216. For full details, see our Privacy Policy.

7. PnP Token & Token Access Program

The PnP Token (the “Token”) is a utility token used solely to access the tools on this platform through the Token Access Program. The Token is designed to function as a Digital Tool as described by the SEC’s interpretation of crypto asset classifications (Release No. 33-11412), performing a practical function as a platform access credential.

6.1 Token Classification & Regulatory Alignment

The PnP Token is structured to align with the SEC’s crypto asset taxonomy as a Digital Tool — a crypto asset that performs a practical function, such as a membership, credential, or access key. Specifically:

• The Token’s sole purpose is to provide access to the PnP platform tools (Bank Processor, Smart Labeler, TIS Generator, Sales Tax Helper) through the Token Access Program
• Token holders receive functional benefits (tool runs) based on holdings — not profits, dividends, revenue shares, or any financial return
• The Token Access Program tiers (Fish Starter, Shark Elite, Whale VIP) are membership tiers that grant usage rights, not investment tiers
• The Token derives its utility from platform access, not from the expectation of profits from the essential managerial efforts of others

6.2 Not a Security

By using or holding PnP Tokens, you acknowledge and agree that:

• The Token has no intrinsic value and is not an investment product, security, commodity, or financial instrument of any kind
• Holding tokens does not confer any ownership, equity, profit-sharing rights, voting rights, governance rights, or any other rights in PnP or any affiliated entity
• PnP does not make, and has never made, any representations or promises regarding the future value, price appreciation, or profitability of the Token
• Token value may fluctuate significantly, including to zero, and you may lose the entire amount spent on tokens
• PnP makes no representations or warranties regarding the future value, liquidity, or transferability of the Token
• The Token Access Program tiers may be modified, suspended, or terminated at any time at our sole discretion
• You are solely responsible for any tax obligations arising from the purchase, sale, or use of PnP Tokens
• The Token Access Program is not an investment program and should not be treated as one
• No person or entity affiliated with PnP has made any promise of profit, return on investment, or financial gain in connection with the Token

THE PNP TOKEN IS NOT AN INVESTMENT AND IS NOT A SECURITY. DO NOT PURCHASE TOKENS WITH THE EXPECTATION OF PROFIT. THE TOKEN IS A PLATFORM ACCESS CREDENTIAL — A DIGITAL TOOL.

8. Payments & Refunds

Tool access can be purchased via cryptocurrency (SOL, USDC, SPL tokens), credit card (Stripe), or x402 micropayments (for AI agents). All payments are final. Due to the digital nature of the service, refunds are not available once tool runs have been consumed. Unused runs remain available until the access token expires.

9. Indemnification

You agree to indemnify and hold harmless P&P Tax and Accounting LLC and its operators, developers, and affiliates from any claims, damages, losses, or expenses (including legal fees) arising from your use of this tool or your violation of these terms.

10. Modifications

We reserve the right to modify these terms at any time. Continued use of the Bank Statement Processor after changes constitutes acceptance of the modified terms.

11. Governing Law

These terms shall be governed by and construed in accordance with applicable law, without regard to conflict of law principles.