IRD Audits and Reviews are on the rise, are you covered?

Posted on 06 Mar 2025

We have noticed a recent increase in IRD review letters, causing significant disruptions for clients as they gather the information requested by the IRD.

At Monteck Carter, we believe in providing solutions that protect your financial well-being and give you peace of mind. That’s why we strongly recommend Audit Insurance, a valuable insurance product designed to safeguard you against the costs of an IRD audit or review.

Here’s why it’s a smart choice for you:

• Financial Protection: The professional fees for handling an IRD review can quickly add up. Audit Insurance covers these costs, ensuring you’re not left with unexpected expenses. This is especially important for small businesses or individuals who may find such costs burdensome.   
• Cost-Effective Solution: For a small annual fee, Audit Insurance offers significant value. The potential costs of a review or audit far outweigh the premium, making it a smart investment in your financial security.
• Comprehensive Coverage: Audit Insurance covers a wide range of reviews, including Crypto, Property Transactions, income tax, GST, PAYE, and other tax-related reviews. It can even protect for previous financial years, giving you added security.
• Peace of Mind: Facing an IRD audit or review can be stressful and time-consuming. With Audit Insurance, you’ll have our expert team by your side to manage the process, liaise with IRD, and ensure everything is handled efficiently. This allows you to focus on what matters most—your business or personal life—without the added worry.

Without Audit Insurance, an IRD audit or review could mean significant financial strain, hours of paperwork, and unnecessary stress.

Let us help you stay prepared and protected. Contact us today to learn more about how Audit Insurance can work for you!