Audit Shield

At any point in time the Inland Revenue (IR) can take an interest in your tax affairs, even if you have not previously been targeted. To combat the costs of unplanned professional fees which can arise as a result of audit activity related initiatives investigated by the IR, we have established a relationship with Accountancy Insurance who provide a unique insurance policy called Audit Shield.

Audit Shield by Accountancy Insurance covers the professional fees you may incur when we are assisting you to respond to an official audit, enquiry, investigation or review of returns lodged with Inland Revenue (IR) or other government authorities.

Audit Shield provides cost effective protection and assistance against the substantial cost that may be incurred should IR or other New Zealand government authority conduct a random audit, enquiry, investigation or review. The offering will cover the costs of processes that are being made to ensure a business or taxpayer is in compliance with various tax and legislative requirements such as:

  • Income Tax
  • GST
  • PAYE
  • Computer Tax Audits
  • FBT
  • Record keeping
  • Imputation Credit Account
  • Resident Withholding Tax
  • Dividend Withholding Tax
  • Any query of any lodged return where the client is compelled to respond or act*

* Subject to the terms and conditions of the policy. Information about our tax audit insurance policy cover is provided on the Policy Cover page.

The IR investigation activity is increasing so we urge our clients to contact us to discuss Audit Shield - for further information please contact Carole Smith in our team who can assist with your enquiry.