Tax Fee Protection Insurance Protect your business against HMRC enquiry costs
We have you covered
Tax fee protection insurance (TFPI) protects you and your clients against the cost of defending or responding to enquiries from HMRC. It also secures and protects your practice/ client relationship. TFPI ensures your practice gets paid for your work at the correct level, regardless of your client’s affordability or willingness to pay the extra fees normally incurred.
As an independent consultant (not a broker), we take an unbiased look at the market and match that with your needs. Using our knowledge and experience, we will advise on which policy is right for you.
Mind the tax gap
The tax gap is the difference between tax collected and tax deemed due.
HMRC is likely to try to recoup as much tax revenue as possible in 2021. This is another effect of the pandemic. More than 50 percent of HMRC enquiries result in no additional tax being due. But the cost of accountancy fees can be problematic for your clients.
More than just insurance for accountants
Many TFPI providers add huge value. They provide technical helplines and HMRC advisory services for accountants. They may also offer HR, business legal and employment law advice for their clients.
Your scheme options:
1. Clients decide – clients are offered the cover and pay accordingly.
2. All clients covered – the practice covers all of its clients. Costs are either included in annual fees or charged separately .
3. Web-portal – our portal is ideal for accountants who do not have their own policy but would like to offer clients the ability to buy their own cover.
What is covered?
What is not (usually) covered?
|Most enquiries into a taxpayer’s affairs are covered. This includes corporation and income tax in full, aspect, PAYE, CIS, VAT and NIC; some with limitations of cover.||Routine work, statutory compliance, outstanding taxes, fines/ penalties, fraud, tax evasion and work done prior to claims acceptance.|
Are you a business owner?
Although our consultancy service is mainly for accountants, we understand that business owners, whose accountant may not offer the scheme, will need to protect themselves against unexpected, often unwarranted, enquiries from HMRC. That’s why we have partnered with a well-renowned tax fee protection insurer to offer a policy specifically for you. What’s even better is that we’ve made this easy to buy through our web-portal. Simply, follow the link below.
Our 17 years’ experience in the field makes us TFPI experts.
A fee-based consulting session with our TFPI expert will demonstrate the value we add.
Our TFPI review saves you time and money and always improves the policy coverage.
Our technical support and consumer reviews of providers help you make wise decisions about TFPI options
Our services always provide a great package and policy that matches the needs of your firm. And always at a lower cost.
Protect Your Clients
TFPI provides security for unplanned costs and ensures their own accountant is retained in dealing with HMRC.
Protect Your Practice
TFPI provides better cashflow whilst dealing with HMRC enquiries without affecting the client relationship.
Expand Your Services
Associated services accompanying the scheme add value to both the practice and the taxpayer client.
We’re regularly able to improve cover. Definitely with a new provider but often by forcing the existing insurer to amend cover (where they can).
Our fees are more often than not, covered by the discounted premium we achieve. This can be with the existing insurer or with a new provider.
We take an unbiased look at the market and match that with your needs. Using our knowledge and experience, we will advise on which policy is right for you.
The Zeal Guide to Tax Fee Protection Insurance
Everything you need to know about tax fee protection insurance
You might be interested in . . .
Article: What’s the difference between Regulated and Non-Regulated TFPI schemes?
All TFP insurers provide the option of Regulated or Non-Regulated schemes. This article will explain the key differences.Read in full
News: Why it’s important to have a good TFPI scheme in place
There are many reasons to have a solid TFPI scheme in place this article looks at the main points why this cover is so important for accountants.Read in full
Mid-sized accountancy practice gets BIG results
Recognising that they were not up to date with their understanding of the current TFPI market, this firm requested a review from us. There was no specific instruction about staying or changing providers – just to check their current scheme.Read in full
TFPI cover expanded to include clients who were missing out
The practice was experiencing problems with a section of clients being excluded from their TFPI policy on the grounds of being consultancy-only clients as opposed to appointed general tax agent clients.Read in full
With so many providers, choosing the right TPFI policy at the best price can be troublesome and time consuming.
Zeal will find the right deal for you
What our clients say
Mike is very helpful, knowledgeable and makes doing business straight forward and painless.
Mike is totally focussed on client service. Clients provide glowing testimonials of his response time and the level of client care which he provides when a claim needs to be made.
I and my firm have always found Mike to be commercial, proactive and fully understanding of our business needs. He is always pleasant to deal with and provides a personal touch within a big organisation. Would thoroughly recommend him.
Mike is a pleasure to deal with - knows exactly what we as accountants need and backs up the sale with excellent support and client service. Would have no hesitation in recommending him.