Over the last quarter, it has been reported that the number of insurance claims has increased by 60%, as Federal and state taxes ramp up their inquiry activity into potential tax avoidance. A Federal and state taxes enquiry can cost a lot in professional fees, often in the region of $1,000 – $5,000, so ensuring you are covered by Fee Protection Insurance gives you peace of mind in the event that Federal and state taxes decide to open an investigation into your affairs.
With Fee Protection Insurance THE ACCOUNTANT will represent you in dealing with Federal and state taxes and will invoice our costs in relation to the enquiry directly to the insurers. So whether it’s a PAYE or VAT visit, a technical dispute or full books and records review, our tax enquiry service is designed to ensure you get the very best result, without the cash flow issues of paying our fees and reclaiming the costs.
