Tax Audit Insurance
Tax Audit Insurance
Protection from unexpected tax and government audits.
With the rate of random government audits increasing year on year, it's only a matter of time before one or more of your clients is targeted for a review, enquiry, investigation or audit. The professional fees involved in responding to these queries and audits can easily run into thousands of dollars.
Responding to official queries and audits can be costly to your business. Either you risk damaging client relationships by submitting unexpected invoices or you bite the bullet and write off chargeable hours.
Our affordable tax audit insurance provides cover for:
The widest range of ATO, federal and state investigations
Accountancy fees incurred in responding to enquiries, questionnaires, audits, reviews and investigations of clients’ lodged returns, including those from previous years
Private and public entities as well as Self Managed Super Funds
High turnover entities, currently up to $50 million
Multiple shareholders (need to be a 50% shareholder to be included under the head entity’s cover) ensuring protection for larger entities
Specialist professional fees if tax and superannuation advice or a legal opinion is required
All of a client’s commonly owned legal entities, directors and their families under one premium
No excess to pay on legal or accountancy fees involved in an audit, including legal defence and appeals.
Our tax audit insurance is provided through our subsidiary Tax Audit Insurance Australia.
