Being audited is a difficult experience that can be both scary and costly.
When being audited the professional and legal fees can amount to thousands of dollars quickly, so we found a way for you to insure against those unexpected professional fees by offering an audit insurance product called Audit Shield.
With Audit Shield, claims relating to the following are covered:
- Corporate Tax Filings
- Personal Tax Filings
- GST/HST Filings
- Employer Compliance Audits
- Business Audits
- Payroll Audits
- Plus much more
When it comes to a federal or provincial audit we can never predict when they will audit or what they will want to audit so being prepared is the key. It starts with having good records and a professional familiar with dealing with audits. Although many of our clients take it a step further and have even more peace of mind by registering for Audit Shield and having their professional fees covered. And it’s not just the accounting fees that are covered, but any other professional fees, like legal, are covered as well.
CRA audit activity is on the rise so it’s never too late to protect yourself from these large and unpredictable expenses.
If you would like more information or have any questions, feel free to contact us at 780.466.6204, or click here to send us an email.
Thanks to Janet Crawford of KWB Chartered Professional Accountants for providing this content.