Insurance

AI Accountancy Insurance No 1

We now have an Audit Shield policy which is on offer to each of our Business, Salary Earning and Self Managed Superannuation Fund clients.

What is the Audit Shield Service?

The Audit Shield Service provides for the payment of professional fees incurred as a result of you being selected for an audit, enquiry, investigation or review by the Australian Taxation Office (ATO) or other government body.

The cost of being properly represented in these matters can be quite considerable depending on the length of time involved. Our Audit Shield Service provides a fixed, cost effective solution to guard against these unbudgeted costs.

What is covered under Audit Shield?

  • Income Tax
  • Payroll Tax
  • PAYG Withholding
  • Stamp Duty
  • WorkCover
  • Plus many other lodged returns
  • Superannuation Guarantee GST and BAS
  • Land Tax
  • Fringe Benefits Tax

How likely am I to get an audit, enquiry, investigation or review?

The ATO, along with other federal and state agencies, now have unprecedented access to taxpayer records, allowing them to specifically target previously unreviewed tax returns. Now more than ever, Individuals, Businesses and Self Managed Superannuation Funds are at risk of being selected for an audit, enquiry, investigation or review.

For further information regarding Audit Shield, please contact Interactive Tax Consultants