Frequently Asked Questions.
Audit Shield provides for the relief of having to pay the professional fees
otherwise payable by you to your accountant when incurred
as a result of your accountant being required to respond, on your behalf,
to an audit, enquiry, investigation or review (audit activity) instigated
by the Australian Taxation Office, Inland Revenue Department (New Zealand),
Canada Revenue Agency,or other relevant government revenue agencies.
Data matching becomes more sophisticated each year. This makes it simpler and far more likely
for previously untargeted tax payers to encounter audit activity, despite being compliant.
With Audit Shield, you can rest assured knowing that the relevant professional
fees will be protected. Often these fees can be greater than those your accountant
may charge you for completing the return(s)/filing(s).
Australia:
In Australia payment for Audit Shield is fully tax deductible for individuals, businesses and SMSFs.
New Zealand:
In New Zealand payment for Audit Shield is tax deductible if you are in business or self employed.
Canada:
In Canada payment for Audit Shield is ordinarily tax deductible for businesses.
Yes. The protection is retrospective, so
previously filed returns are included automatically.