COMPANY OVERVIEW
Accountancy Insurance
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DISCOVER AUDIT SHIELD
We truly take the risk and the hassle out of government initiated tax audits – freeing you to offer better service to your clients and to grow your business.
SUCCESSFUL CUSTOMER
At Accountancy Insurance our vision is to be the pre-eminent provider of tax audit insurance to accounting firms across Commonwealth countries.
We partner with thousands of accounting firms throughout New Zealand, Australia and Canada to provide an end-to-end solution that best suits the needs of accounting firms and their clients.
Greg Millar
Director, Alliott NZ Ltd., Auckland
Audit Shield provides our practice with another value-add service giving our clients further peace-of-mind. Accountancy Insurance provides excellent assistance implementing the product; they made the process very easy and cost effective for us.
Paul Hodson
Director, BDO, Tauranga
Our accounting firm started to provide Audit Shield to clients in 2013. It was well timed as Inland Revenue audit activity has increased significantly since then.
Scott Mason
Managing Principal of Taxation Consulting, Crowe Horwath, New Zealand
We were the first firm to introduce Audit Shield in New Zealand, and we believe it demonstrates to our clients that we are always on the lookout for new ways to continue to provide them with great service.
Stuart Yarndley
Business Manager, Gener8, Te Awamutu
Audit Shield is very user-friendly and easy to implement. Accountancy Insurance handles the production and mailing of invoices and letters; our time has been minimal in relation to the perceived value to our clients.
Cal Rogers
Director, HWI Limited, Auckland
Clients are certainly happier that they're 'not on the clock' if an audit eventuates. Audit Shield offers our clients 'certainty' - a certainty that they won't be getting a bill from us when battling away IRD enquiries.
Bill Mancer
Director, Rise Accountants, Auckland
Offering Audit Shield, as an additional value-add service, actually educated our clients about the risks involved with filing inaccurate tax returns. Typical feedback from our clients has been that the Audit Shield coverage is a positive response to a tougher auditing climate and gives further peace-of-mind.
Andrew Hayes
Director, Andrew P Hayes Ltd, Oamaru
With Audit Shield the service is great. The online portal is simple to operate and the team at Accountancy Insurance is really helpful and supportive. Our increasing client take up of the Audit Shield cover indirectly tells us that our clients value the Audit Shield service and appreciate the additional support we provide by offering the cover.
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Tax audit claim stats all accountants in New Zealand will want to know.
1 April 2023 – 31 March 2024 When an accountant prepares and files a tax return in New Zealand there are a number of areas where Inland Revenue (IR) focuses their attention should they choose to scrutinise that return. When a tax return is flagged for a review or audit, this doesn’t necessarily indicate that […]
New Report Shows NZ Business Confidence Is Falling
The recent BDO Business Wellbeing Index, capturing insights from over 650 business leaders, suggests a lot of wavering confidence and apprehension in the markets. Following the election, a surge of positivity swept through the business community, with 61 per cent expressing optimism about their performance. However, this euphoria has since given way to a more […]
Disappointing News for NZ Retailers as Sales Fall
In March, retail spending in New Zealand fell by 0.7 per cent compared to February, following a 2 per cent decline in the previous month. This downward trend, characterized by Westpac senior economist Darren Gibbs as “very weak,” underscores the challenges facing the retail sector. Despite a 3 per cent increase in goods price inflation […]
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Audit Shield is underwritten by certain underwriters at Lloyd’s. Accountancy Insurance New Zealand Limited Partnership [AI] issues the product under an agency with certain underwriters at Lloyd’s. We normally receive a commission from the insurer. We may alternatively, or in addition, receive a fee for our services we provide. The price we quote will be inclusive of commission and any additional fee. Insurance will not cover every event or loss. Limits apply to cover. Cover provided by an insurance policy is subject to the terms, conditions and exclusions described in the relevant policy. Contact us for a copy.