Protect Your Clients from Audit Related Professional Fees with AB Phillips' Tax Audit Insurance
Tailored Solutions for Accountants, Whether You're New to Tax Audit Insurance
or Looking to Switch Providers
Automated renewals
Less admin. More automation
Seamlessly switch from your current solution
No more payment reconciliations
Direct Client Coverage
An ATO or state government audit can be time-consuming and costly, even if your accounts are in order. Professional fees for accountants, bookkeepers, lawyers and tax agents can quickly add up. Tax Audit Insurance ensures you’re covered for those expenses — protecting your business cash flow and giving peace of mind.
Accounting Practices: Here's a better way to provide Tax Audit Insurance to your clients
Random tax audits can deliver a costly blow – potentially costing your clients thousands of unbudgeted pounds. Often, you’ll experience delays in invoice payments, and most practices are forced to negotiate lengthy payment plans to ensure funds owing are paid for the work performed.
Enter AB Phillips. Our Tax Audit Insurance provides an individual policy for each of your clients, adding an additional revenue stream to your business. Unlike other Tax Audit solutions, AB Phillips offers automated processes that eliminate time-wasting admin, cleanse your data, and reduce your review time dramatically.
This means you can efficiently manage your client data, send invites to new clients quickly, and automate renewals effortlessly. We’ve also eliminated the reconciliation process – you only receive your revenue, and we handle the rest. Offering Tax Audit Insurance to your clients with AB Phillips is straightforward and can be set up within hours of registering!
Interested? Book a call with one of our Tax Audit Insurance experts today to find out more.
Learn More
Ultimate Guide on Tax Audit
Who needs tax audit insurance?
Small and medium businesses facing increasing audit scrutiny.
Trades and contractors with complex expense claims.
Accountants and professional firms wanting protection for themselves and their clients.
Investors and SMSFs with multiple entities.
What does tax audit insurance cover?
Tax Audit Insurance reimburses the professional fees incurred during:
ATO audits, reviews and investigations (income tax, GST, FBT, CGT, superannuation guarantee).
State revenue audits and investigations (payroll tax, land tax, stamp duty).
Compliance checks (workers’ compensation, WHS).
Costs from engaging accountants, bookkeepers, tax agents, lawyers or other advisers.
New to Tax Audit Insurance? We've got you and your clients covered.
Offering Tax Audit Insurance with AB Phillips is simple and can be set up within hours of registering. Our platform helps you manage client data, send invites, and automate renewals with ease.
Some of our great benefits include:
Secure & easy client onboarding
Automated renewals
No payment reconciliations
Multiple cover limit options
Pain free data review and updates
Protect both business and personal tax returns.
Tax Audit Insurance for Accountants
Already Offering Tax Audit Insurance?
Switching to
AB Phillips’ Tax Audit Insurance is quick and easy!
Switching to AB Phillips is seamless. Our platform allows you to import your existing client data securely, organise it for easy review between paid and new clients, and quickly send invites to multiple audiences. The entire process is automated, ensuring efficiency and ease of use.
Transitioning from your current provider might seem overwhelming. But with AB Phillips, it’s as simple as 1-2-3-4:
- Book a call and chat to our Tax Audit Insurance specialists, whilst taking a demo of our program.
- Register and complete your onboarding
- Import all of your clients data, managing control and visibility of your data
- Set up paid clients to receive their automated renewal at the right time, whilst generating new quotes and sending invites for unpaid clients
Best of all, our service is absolutely free for you. Simply sign up as a free provider, use our automated dashboards to email your clients, and enjoy the new revenue and additional client service. AB Phillips fees are transparent at the time a client purchases a policy.
Comprehensive Coverage and Exceptional Service
AB Phillips offers a range of benefits designed to make your life easier and provide the best service to your clients:
- Automated Renewals: Less admin, more automation.
- Data Management: Secure onboarding, and data control
- Easy data Review
- Revenue Stream: Generate revenue with transparency and minimal effort.
- Client Options: Clients can choose from three coverage limits, and fees are tax-deductible.
- Online platform: Everything you need in one place with quick and easy navigation.
- Easy data import: Upload your data easily and quickly.
- Direct client coverage.
Ready to learn more?
Schedule A Conversation!
Ready to learn more?
Find out how AB Phillips can help you save on your Tax Audit Insurance solution and get the coverage your clients need.
FAQs
Does tax audit insurance cover penalties or tax payable?
No. It only covers the professional fees incurred in managing an audit or review.
Is the premium tax deductible?
Yes. For most businesses, tax audit insurance premiums are deductible expenses.
How much does it cost?
Premiums depend on the size of your business, the number of entities covered and the insurer. We’ll source tailored quotes to suit your circumstances.
Does it apply to personal audits as well as business audits?
Yes — cover can be arranged for both.
What audits are included?
Income tax, GST, FBT, CGT, payroll tax, superannuation guarantee and more.
Why choose AB Phillips?
45+ years advising Australian businesses.
Independent broker — we compare multiple insurers.
Claims advocacy to support you through the audit.
Tailored solutions for SMEs, trades, accountants and investors.
Our Tax Audit Program is powered by AuditCover.
This insurance is issued by Auditcover Australia Pty Ltd (ABN 63 638 872 634, AFSL 535509) on behalf of the insurer HDI Global Specialty SE (ABN 58 129 395 544, AFSL 458776). This policy is distributed by AB Phillips Pty Ltd (ABN 91 007 075 934, AFSL 234457).