Who is Accountancy Insurance and what do they do?
Accountancy Insurance are tax audit insurance specialists who assist over 1800 accounting firms throughout New Zealand and Australia. Established in 2003, Accountancy Insurance currently employ over 60 members of staff across both countries with each and every team member passionate about providing the market with a tax audit insurance product that is simple and effective – Audit Shield. The team at Accountancy Insurance has the depth of knowledge to ensure Audit Shield covers accounting firms and importantly, you, when it matters.
Fundamentally, Audit Shield allows for clients of accounting firms to be covered for professional fees that are incurred as a result of responding to post lodgement queries from Inland Revenue (IR) and
other government authorities in New Zealand. ‘Audit’ is broadly defined under the policy to include any official enquiry, review, investigation or audit (including phone enquiries) instigated by the
government authorities in relation to lodged returns.
With the announcement from Inland Revenue that the mainframe computer system would go through an expensive update over the coming years, we anticipate the technology to be much more advanced in matching and reviewing tax lodgments. In order to be protected, ensure you ask us about Audit Shield to find out how we can give you peace of mind when it comes to tax