Shield yourself from unexpected tax audit costs
Inland Revenue (IR) can take an interest in the taxation affairs of any New Zealand taxpayer at any time, even if you have never been targeted before. Whether it is an income tax, GST, Payroll Return, IR can still initiate an enquiry. IR continues to focus on audit activity and is consistently provided with additional resources for this purpose. Now more than ever you are at risk of being selected for an audit, enquiry, investigation or review.
The cost of being properly represented in these matters can be quite considerable depending on the length of time involved. Audit Shield provides for the payment of professional fees incurred by you when audits, enquiries, investigations and reviews of lodged returns are initiated by Inland Revenue. Audit Shield is provided by Accountancy Insurance and covers you for the costs incurred from a basic phone enquiry to a complete audit.
Click here for more information.