How Audit Shield Can Benefit Your BusinessThousands of accounting firms can attest to the genuine benefits of Audit Shield. Here are the highlights:
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Policy Cover
The first question many firms ask is ‘What constitutes an audit?’ Here’s the good news! An audit is broadly defined under the policy to include any official audit, enquiry, investigation or review, in respect of the client's filed returns, and which they are obliged to respond to, or act on.
A claim can be lodged for the professional fees you would normally charge your client for assisting them to respond to any eligible query from Canada Revenue Agency. There is no deductible on the policy.
The audit must be instigated during the period of cover, but can include responding to audits or investigations of filings you did not file or prepare.
The following official audits, enquiries, investigations and reviews are covered by Audit Shield:
A claim can be lodged for the professional fees you would normally charge your client for assisting them to respond to any eligible query from Canada Revenue Agency. There is no deductible on the policy.
The audit must be instigated during the period of cover, but can include responding to audits or investigations of filings you did not file or prepare.
The following official audits, enquiries, investigations and reviews are covered by Audit Shield:
- Corporate Tax Filings
- Personal Tax Filings
- GST/HST Filings
- Employer Compliance Audits
- Business Audits
- Plus much more!