Because the taxman isnt likely to simply pop in for
tea and biscuits.
A visit from the Taxman is like a visit from distant relatives: you know it could happen
at some time but the uneasy thought is kept somewhere in the back of your mind.
That's because it's uncomfortable, intrusive and can cost you
a lot of money.
The same can be said for an enquiry by SARS, but it doesn't have to. Now Qdos Tax
Enquiry Insurance enables individuals and firms to insure themselves against
unplanned fees from their accountants, tax advisors and external specialists in the
event of an enquiry by SARS.
SARS Better Equipped
to
Catch Tax Evaders
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Not only is it an important protection for clients, it also provides an income stream
to the accountancy profession. It enables firms to bill clients for their full time in
defending an enquiry without having to worry about writing any time off, which may
often happen in an enquiry. It also legitimately allows firms to charge clients who did
not take up the insurance for their full time as well, since with Qdos they have given
clients every opportunity to offset all such unplanned costs.
In the UK, Qdos has become standard practice and there is every reason it will
become the norm in the South African industry as well. For full details of this product,
Qdos would be keen to visit your practice and discuss things further. Click here to contact us.
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