As at 31 July 2019 all the current Audit Shield policies come up for renewal. We invite all our clients to participate in this offer for the 2020 year. Audit Shield is available to all clients, and while we hope that you never have to make use of it, we do recommend it.
The Government continues to provide significant funding year after year to assist with combating the hidden economy, and the Inland Revenue Department has an active programme in place to continue to improve tax compliance for all taxpayers with a specific focus on targeted industries. In addition the Tax Working Group is recommending a strong focus be placed on ensuring inequities are minimised.
Audit Shield covers all professional fees incurred from answering a simple phone call enquiry to an audit and covers all tax types relating to all lodged returns within New Zealand. The invoice for professional fees could range from $100 – $10,000 depending on the complexity of the questions asked, the information required or the timeframe required to complete the request or audit.