Blog Layout
Diane Gill • Mar 21, 2024

Audit Shield Insurance     

Audit Shield provides an insurance solution, underwritten by Lloyd’s that covers the professional fees if you need to respond to an official review activity of returns lodged with IR or other New Zealand government revenue authorities. This includes GST reviews, risk reviews, and more. The scope is wide and includes phone calls. 

 

What is the cost to you (the client)? 

The cost to you (the client) is based on the partner charge-out rate and the client’s turnover of their family group. As an example, a business with a turnover of less than $500,000 annually would pay $272 annually, including GST which would provide you with $12k of fee cover. 

 

Audit Shield Insurance could give you peace of mind (especially for larger clients) that you have coverage in place in the event of a review or audit. 

 

If you’ve got questions or are interested in adding Audit Shield Insurance to your portfolio, feel free to get in touch. 


Do you provide short-stay or visitor accommodation?

By Diane Gill • 24 Mar, 2024
D o you provide short-stay or visitor accommodation? From 1 April, new GST rules apply to people who use websites or apps to provide short-stay or visitor accommodation. This includes sites and apps such as AirBnB, Bookabach and Holiday Houses.
How to Optimise Efficiency with your Accountant.

How to Optimise Efficiency with your Accountant

By Diane Gill • 20 Mar, 2024
In this article, we look at some of the common challenges we encounter with businesses when navigating the use of Xero and share a couple of additional tips to make working with us easier.
FAQs for Small Business Owners: Insights & Advice

FAQs for Small Business Owners: Insights & Advice

By Diane Gill • 18 Mar, 2024
In this article, we answer frequently asked questions from small business owners about tax and accounting online.

Meet the team: Erica Eddowes

By Diane Gill • 04 Mar, 2024
Meet Erica. She is an Assistant Accountant at Ōmokoroa Accounting and has been a valuable member of our team for over two years.
Tax time

What you need to know about upcoming tax changes

By Diane Gill • 27 Feb, 2024
As a new financial year approaches, it’s important to stay on top of the tax regulations and keep abreast of any impending changes that might affect you and your businesses.
Electric scooter

Tax exemptions you may have missed

By Diane Gill • 24 Feb, 2024
Last April, new Fringe Benefits Tax (FBT) rules came into effect that could be relevant to your business and employees. Here’s a summary of the three new exemptions that may have gone under your radar.

Policy changes that could affect you and your business

By Diane Gill • 22 Feb, 2024
National outlined some headline changes it wanted to make within its first 100 days in power. Here are some major changes businesses should look out for.

Online Security Basics for your Business

By Diane Gill • 21 Feb, 2024
Want to upskill your cyber security skills so that you know how to keep your data, networks, customer information and reputation secure?

Minimum wage increases 1 April 2024

By Diane Gill • 21 Feb, 2024
As a business owner or manager, you need to be ready for the minimum wage rates increase from 1 April 2024.

How strategic financial accounting helped boost business growth.

By Diane Gill • 30 Jan, 2024
In this case study, we look at how Ōmokoroa Accounting played a pivotal role in supporting the Omokoroa Barbershop as it was challenged and transformed during critical business phases.
Show More
Share by: