AUDIT SHIEL­D

Master Policy

Our primary goal is to provide insightful advice to enable our clients to make smart decisions. One of these smart choices is protecting your company during audit.

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COMPANY BRACKET
  • Under $50,000
  • From $50,000 to $100,000
  • From $100,000 to $500,000
  • From $500,000 to $1,000,000
  • From $1,000,000 to $300,000
  • From $3,000,000 to $5,000,000
MONTHLY
  • $5
  • $10
  • $20
  • $30
  • $40
  • $60

This fee is GST inclusive and may only be added onto an existing Consol Package.

FULL BUSINESS ASSESSMENT

Consol business consultants will help to define business problems via in-depth investigation and gathering of financial and non-financial information.

ONE-ON-ONE SESSIONS

Our coaches will equip you with the fundamental skills and knowledge that will give you an upper hand growing a business in the New Zealand market.

MEDIUM-LARGE BUSINESSES

We assist with KPI, Financial and tax planning, cashflow forecast and business planning. Coaching is ideal if you have $300,000+ annual revenue.

Master Policy FAQs

The Audit Shield Master Policy provides for the payment of our professional fees otherwisee payable by you when incurred as a result of our accounting firm being required to respond, on your behalf, to an audit, enquiry, investigation or review (audit activity) of your lodged returns instigated by Inland Revenue.

Covers the professional fees for Consol to assist and respond to eligible official audits, enquiries, investigations or reviews of lodged returns, on behalf of you.

  • A proactive, cost effective insurance solution for you and your business.
  • Consol will manage the full process on your behalf in the event of a claim.
  • Audit activity of previously lodged returns is also covered, including those returns that you did not lodge or prepare.
  • Yes, you could. Inland Revenue continues to review or audit a vast number of lodged returns each year, sometimes at random. Applying for Audit shield will save you costs keep your future stress free.

    In relation to audit, review, enquiry and return lodgement, we cover you for the following:

  • Dividend Withholding Tax
  • Employer Returns
  • Fringe Benefits Tax
  • GST
  • Income Tax
  • Non-Resident Withholding Tax
  • PAYE
  • Resident Withholding Tax
  • IR Communication
  • Professional fees otherwise payable to us, that have been caused through responding to audit activity until the completion of the matter, or until the cover limit as stated on your Client Acceptance Form is exhausted, will be covered under the Audit Shield Master Policy. Fees of any other external specialist (e.g. taxation lawyers) or relevant consultant engaged or instructed by us to assist us in a response to audit activity are also covered. Both during (interim payments) and/or upon conclusion of the audit activity, we will present for payment our fees on your behalf to the insurer for recovery against the policy. Should a difference arise between our fees and the amount available to be covered against the policy, we may need to seek the shortfall payment of our fees from you. Your cover begins from the next business day after our receipt of your payment (see the attached Client Acceptance Form for further details).

    We have carefully selected our Audit Shield Master Policy to provide the widest possible coverage for us and our clients. Items or circumstances as listed below are not covered:

    Actions in regard to any notices from Inland Revenue that are educational or advisory in nature; or merely suggest, invite or propose actions to be taken by you; or act as a warning to you that you may be selected for audit activity at a future time; or do not compel you to take any action.

    Yes. Professional fees which are directly related to the work we are required to undertake as a result of audit activity will ordinarily be covered (up to the limit specified on your Client Acceptance Form). The cost of these additional fees can be considerable depending on time required by Consol.

    Your cover begins from the next business day after our receipt of your payment. Any lodged returns or audit activity prior to this date will not be covered.

    Testimonials

    "When I first found Consol accounting on Google I thought that they must be too good to be true. Then I talked to them on the phone and I was almost certain they were too good to be true. Luckily for us they weren’t. The customer service, price and ease of use make this company out of this world. I could not recommend them any more. They are utterly seamless to integrate and effective as can be. "

    Curtis and Katie Hacon Director, FiTiki Limited

    "I had put off finding an accountant for a while because of the cost and perceived hassle however after my first consult with Consol, I immediately wished I had connected with them sooner. Consol are responsive, affordable and easy to deal with. Being able to outsource this aspect of my business has allowed me to focus more energy on the parts of my work that I love. "

    Dr Rebecca Herald Clinical Psychologist

    "I have been most impressed with Consol accounting team since I made the switch last year. The ‘Switching over’ process was really simple, after the initial set up process I can track and log my company’s financial activity with ease and accuracy. By far the most efficient and helpful service I’ve had with accounting companies. Thank you"

    Vivien Ye Aesthetic Nurse Specialist, Vivip Limited

    "I started out in full-time private practice over a year ago and also registered as a limited company. I love doing my work and seeing my clients, but I soon discovered just how much time doing the financials could take up. In the first year, I worked on my own tax returns and company statements, but was unsure I had done them “right” and really wanted an accountant’s expertise and guidance. From my first phone call to Andrew Joo of Consol Accounting Limited, I could tell that this service would meet my needs. He has been quick to respond, patient with me, great at teaching lots and is a Xero master user. I find the system easy to use now, and feel encouraged to get the most out of my business and confident in knowing that I will meet my tax obligations. Compared to how long it took me to struggle at doing this on my own, there is clear value in getting the professionals to do my accounting."

    Dr. T Melanie Lage, MNZCCP Clinical Psychologist, Lakes Psychology Limited

    “I had been searching for an option for my accounting for my business I found Consol to be so easy to get started with the team being available at nearly every point in the day! Highly recommended all those that have busy lives and need to free up some time.”

    Andre Stewart Tremains Real Estate, Bay of Plenty

    "Consol are great to work with responsive when I have questions, quick to prepare any necessary document and always willing to help if there's anything I'm unsure of. Very happy to have found them."

    Stefan Dyke Director, SLHE Consulting Limited

    "I would genuinely recommend Consol for all your financial and accounting needs. I needed an accountant quickly to help me find my feet starting up a rapid business. I genuinely had hundreds of thoughts and questions and wanted to do things right first time ... it was all a bit daunting, exciting and a steep learning curve. Andrew Joo was so supportive as he instantly responded to all my needs and then coached me through a solution and helped me understand the minefields at first . It’s really easy now the business is booming and all my accounting is taken care of so I can enjoy the fruits of my labour. I still reach out occasionally and have the answer super quick.. thanks to Consol."

    Karl Jones Director, Retail Resilience

    "I had just started out in business and soon realised that someone was going to have to help me with my accounting and tax compliance functions. I was very conscious of the need to be vigilant about incurring any new costs, consequently I did a fair bit of research. I came up with the conclusion that I could get everything I wanted, under one roof, from Consol Accounting, at the most competitive rate I could find on the market. It was a win-win. After joining their team I discovered there were a lot of loose ends to sow-up before I could start functioning effectively, and focus solely on running the business side. Andrew, the Founder from Consol Accounting, was an absolute God-send. He was very personal and approachable, and made setting everything up from scratch so easy and so quickly. I’ve basically been running on auto-pilot each month ever since. Just as I had planned. Thanks for your service, guys, best decision I made."

    Andre Illemann Like No Other Limited, trading as GoodMooty

    "I operate 3 businesses. As a busy owner I needed reliable accountant. I have been using Andrew as my accountant almost for a year and this is my second accountant. I commited transition as one of my friends recommended him and now I thankful to him. Andrew and his team provide a prompt sound and reliable service that is always professional. Andrew is always on hand to answer my queries and it is very professional and prompt in replies even on weekends and publicholidays. He has wide range of knowledge and experience in service of accounting and taxation. He has been helping me out with tax deduction and meximisation of profit. I can highly recommend him to others as he is very motivated and trusted. I would like to make longtime relationship with him and his team."

    Steve Kong Director, Katsubi Hamilton & Tauranga

    "When I need to get help with my finances and taxation since starting my own business, Andrew at Consol Accounting has advised me on the right approach. Professional and a great experience overall, I strongly recommend Consol Accounting to everyone who needs to get support for taxation."

    Michael Park Director, Renewcar East
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