Audit Shield Insurance
Later this month you will be receiving an email from us regarding our Audit Shield Master Policy, which is tax audit insurance that we are offering to our clients.
Over the last two years Accountancy Insurance, who work with us to offer Audit Shield have seen an increase in the number of claims they pay out to participants. In New Zealand they have seen a significant increase in Inland Revenue activity focusing on small businesses. Particularly in the areas of GST verifications (IRD reviewing GST returns for unusual activity, eg Large refunds) and Risk reviews (early reviews, prior to IRD making a decision to audit).
Across New Zealand, Australia and Canada over $1 million in claims are paid to Audit Shield participants each month. We believe that our Audit Shield Master Policy, underwritten by Lloyd's, continues to be a vital tool in protecting yourself against the potential costs (fees) if you are subject to audit activity.
Should you have any questions please feel free to contact us, as we are happy to discuss with you the policy and the benefits. Participation is not compulsory, although we believe in the advantages of this offering hence the reason as to why we continue to offer the Audit Shield Master Policy which allows our valued clients the opportunity of protection.
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Please note: The above E-newsletter notes and the related articles on our website are of a general nature and therefore we urge clients who may be affected by these changes to contact us to discuss your specific circumstances before making any changes or drawing any conclusions.
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Takapuna Office
Ground Floor, Takapuna Finance Centre
159 Hurstmere Road
P O Box 331 626
Takapuna, Auckland
