AuditShield Insurance

AuditShield Insurance

If the ATO, or another government body, chooses to audit, review or investigate you then you could be up for a lot of money. You may need to be represented and it could be a lengthy process.

Our AuditShield service provides for the payment of these professional fees. It’s a fixed, cost-effective solution to guard against these unbudgeted costs.

 Which Events Are Covered?

  • Income tax
  • GST and BAS
  • Superannuation Guarantee
  • PAYG Withholding
  • Fringe Benefits tax
  • Payroll tax
  • Land tax
  • Stamp Duty / Transfer Duty
  • WorkCover
  • Self-managed superannuation funds
  • and many other lodged returns.

 

What Costs Are Covered?

Our policy covers:

  • all professional fees up to the prescribed limit (with no excess) when you engage us to respond to or represent you in a review, audit or investigation.
  • legal fees
  • bookkeeping fees
  • specialist professional advisor fees (e.g. quantity surveyors, valuers and actuaries).

 

Who Is Covered?

All of our clients can take advantage of the AuditShield service. Different levels of cover are available for:

  • salary and wage earners
  • businesses or business groups with turnover under $100 million
  • Self-managed superannuation funds.

In most cases, individuals and family entities can be covered by the same policy as the business entity for no extra cost.

Is It Tax Deductible?

The cost of this policy is fully tax deductible.