Limit your costs in the event of an audit with tailored coverage
The ATO has been funded with an additional $1.5 billion to increase the volume of audits and reviews, making it more likely that businesses and individuals will be audited.
Considerable costs can be involved in responding to an ATO tax audit, as you may need your accountants to prepare detailed responses and compile supporting documentation.
The costs can quickly add up to significant levels for the work involved.
AuditCover audit insurance covers professional fees in the event of an audit. Policies are available starting from $99 for individuals and $150 for businesses and groups, and the premium is tax deductible.
AuditCover audit insurance covers audits and reviews for:
- Capital Gains Tax
- Income Tax
- Land Tax
- Payroll Tax
- Workers Compensation
- BAS/GST Compliance
- Superannuation Guarantee
- Fringe Benefits Tax
- Stamp Duty and more…
DISCLAIMER: As with any insurance, it is important that you read the Policy Wording and ensure that the product is right for you. This page is intended to provide general information about tax audits and AuditCover and does not constitute advice.