Audit Shield

Audit Shield is an optional Tax Audit Insurance designed to cover professional fees incurred if you are selected for an Inland Revenue audit, enquiry investigation or review.

The cost of being properly represented can be quite considerable depending on the circumstances. Even a simple enquiry can require hours of work. Our Audit Shield Master Policy provides a fixed, cost effective solution to mitigate these unbudgeted costs.

 

What is covered?

All professional fees, up to a prescribed limit (with no excess) are covered when you engage us in audit activity matters. When you choose to participate in our Audit Shield Master Policy you will receive the following benefits, plus more:

  • Protection from any unplanned professional fees resulting from audit activity.
  • A cost effective solution when compared to a standalone policy.
  • Retrospective cover, so all previously lodged returns are included.
  • The assurance that you are covered during a stressful situation.
  • Payment for your participation is tax deductible if you are in business or self employed.

 

Is it right for you?

All of our clients are invited to participate in our Audit Shield Master Policy. Different levels of cover are available for salary and wage earners and businesses with turnover under $100 million.

Anyone can be targeted, even if their lodgements are accurate. Data matching capabilities are profound, and are increasing the level of audit activity of both compliant and non-compliant taxpayers. With this in mind, we offer you the opportunity to protect yourself with Audit Shield.

 

Want to know more?

Contact your advisor for more information.

Services
Tags Tax
09 Sep 2020

Tax Talk | US IRS stimulus payments

Due to the unprecedented circumstances currently upon us because of COVID-19 governments around the world...

09 Sep 2020

Tax Talk | COVID-19 GST Determination – Short-term holiday accommodation relief

Inland Revenue released guidance in June this year which discusses the requirements for GST registration,...

25 Aug 2020

Tax Talk | Pragmatism wins out

Inland Revenue’s guidance on non-resident employers

19 Aug 2020

Tax Loss Carry Back

The Aussies have been doing it for years

18 Aug 2020

Tax Talk | Wage subsidy... take three

The government has announced a third iteration of the wage subsidy in light of the Level 3 restrictions...

27 Jul 2020

The Government Business Finance Guarantee Scheme - at the coalface

The Business Finance Guarantee Scheme was effective from 1 April, introduced in response to the COVID-19...

15 Jul 2020

Tax Talk | COVID-19 Further Measures and Property Tax Announcements

The last few weeks has seen a further flurry of activity with the extension of the small business cashflow...

16 Jun 2020

Tax Talk | A host of new tax measures – both COVID-19 and ‘normal’

New tax payment deferrals, extra time to write-off bad debts, feasibility cost deductions, further tax...

14 May 2020

Budget 2020 - cashing in the chips

Cashing in the ChipsMinister of Finance Grant Robertson presented a budget in an environment that any...

05 May 2020

Tax Talk | Loss carry back rules, small business loans and other relief

Last Thursday the government passed legislation to enable taxpayers to carry back losses to the immediately...

15 Apr 2020

Tax Talk | More tax changes to support business

The government has announced an additional package to support businesses dealing with the economic effects...

06 Apr 2020

COVID-19 Government announces essential workers leave scheme

On 2 April, the government announced an essential workers leave scheme. Broadly, this scheme expands...

27 Mar 2020

Tax Talk | Further relief package details

Now that more information is available, we hope that this issue of Tax Talk will help answer some of...

26 Mar 2020

COVID-19 tax due dates - what to pay | Tax Talk

While it may seem the world is falling apart, income tax payments continue to fall due.

26 Mar 2020

COVID-19 wage and leave package update | Tax Talk

In the last few days, the government has updated their relief package and further clarity has been provided...

26 Mar 2020

COVID-19 frequently asked questions

The government has acted quickly and decisively, ensuring that New Zealanders can concentrate more on...

20 Mar 2020

COVID-19 decision making tools

We have put together this checklist to help identify areas you may need to attend to.

18 Mar 2020

Tax options in times of crisis

In the last couple of months several events have pushed some businesses to their financial limit. Drought...

18 Mar 2020

Cashflow on tap: Provisional tax relief in the wake of COVID-19 and drought

Managing cashflow becomes paramount in an uncertain environment. Right now, a few folks will be trying...

18 Mar 2020

Ask an expert GST and ADLS

A READER ASKS:“I have heard that there have been GST changes to Sale and Purchase of Land Agreements....

17 Mar 2020

Tax Talk | March 2020 | Government to the Rescue!

The government has released a $12.1 billion relief package in an attempt to mitigate the worst economic...

05 Feb 2020

Growth spurs six senior appointments at Baker Tilly Staples Rodway

Reflecting strong growth across the business in recent years, we have appointed six new directors to...

06 Dec 2019

Tax Pooling - An unexpected source of working capital

There’s a source of funding available to most businesses seeking finance that they do not know about...

21 Nov 2019

Tax Talk | Update for Overseas Owned Businesses

Inland Revenue have recently released two items that may impact on businesses who carry on cross-border...

Find an expert