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Tax Time Audit?

The Australian Tax Office (ATO) recently conducted an audit of a Contractor. The audit covered 5 year tax returns. The Accountant who prepared the response charged the Contractor $52,290. Happily, the Contractor had taken out Audit Insurance and the fee was covered by the policy.

These are significant numbers of Government Agencies and Statutory Authorities who can trigger an audit of your business.

These include:

  • Income tax                               
  • Fringe Benefit Tax
  • Capital Gains Tax
  • Goods & Services Tax
  • Payroll Tax
  • Stamp Duty
  • Withholding Tax
  • Workers Compensation
  • Superannuation Levy
  • Company Returns
  • Customs
 

 

 

 

 

 

 

 

 

 

And many more......

If you would like more information on the benefits and price of Audit Insurance, please contact us now for friendly and professional advice.

An increasing number of clients are being subject to audit by government agencies and authorities. Audit insurance provides peace of mind for the costs involved in extended audits.