Reasons For The Raising Popularity Of Audit Shield

Most of the taxpayers dread tax audit. Mistakes happen while filing the tax returns, they may be human errors, typing errors or some missed documents. A small mistake in the tax returns might attract the attention of the ATO who may call for a tax audit. Tax audit is an intimidating and stressful process, which involves a lot of time and money.

In the unfortunate event of being called for a tax audit, the taxpayers need to present themselves before the ATO to give proper explanations to the omissions and errors in the returns. They require the services of many professionals like accountants, lawyers, advisors, and valuers etc. to help them get the required information to deal with the ATO. All these professionals charge huge amount of fees.  Since the tax audit is a long drawn process, the fees of these professionals runs into thousands of dollars before the audit is completed. All these expenses are to be borne by the taxpayer himself which causes a huge financial strain. Buying a good audit protection insurance like audit shield helps these taxpayers to cover the expenses involved in tax audit and reduce the financial strain.

The benefit of buying audit shield is it protects the taxpayers and the accountants from the financial burden of tax audit. It provides a safety net to the taxpayers and accountants and eases the pressure and stress involved in filing the tax returns. The policy covers all the professional costs involved during the process of tax audit. The taxpayers can get the best lawyers and advisors to assist them in their enquiry without worrying about the costs.

Like any other insurance policy the amount covered by audit shield is fixed depending upon the nature of the business, the amount of tax paid and the required cover. It is recommended to go through the fine print of the policy before buying it.

Since the benefits of audit shield apply to both the tax payers and their accountants, it is the best tax audit insurance policy. The costs of the policy are paid by the firm and there is no extra cost to offer it to the clients. It helps accounting firms to stay ahead of competition and portray a professional image and make their clients feel safe.

Tips For Selling Insurance To Stay On Top Of Your Competitors

The insurance market is highly competitive and if you want to make it in this business, you need to be one step ahead of your competition. To keep you on top of your competitors, you need to be skillful when you sell. If you are an insurance agent, here are tips for selling insurance that make you stay on top.

  • Make Your Customers Trust You

But how must you sell insurance? What do customers want when they purchase a life insurance policy? All they are after is their safety. They want to secure their family should something happen to them. As they find security in your product, you need to face them confidently. It may be hard for a stranger to trust you, but body language can speak for yourself. Be in proper attire and listen to your client carefully by having them respond to you and ask questions when it’s not clear enough.

  • Innovate

Another tips for selling insurance are offering insurance products that your competition doesn’t have. Certainly there will be many life insurance agencies offering the same policies like you do, and it can be really hard competing with them. So what you will need is a clever and efficient product to make your selling successful. There aren’t really more options for life insurance, but you can cover those who are older and may be suffering from a terminal disease. It may involve a higher risk though but if you are the only one selling insurance with no medical exam, you can possibly make good profit out of this.

  • Have patience

Another tips for selling insurance are having to wait patiently for your customer to sign a policy. Learn to respect your client’s gusto. If he or she has doubts about the insurance policy, don’t force them too much. If you do that, you can lose the trust of your client and might have you end up with nothing. Instead, give him time to think and wait for him to return your call in other days.

Certainly, every agent’s dream is to sell lots of insurance policies as this is where he makes money. If you’re selling insurance, do it with dedication, effort and concentration. So the above tips for selling insurance can make your insurance job more successful.