Random government audits, reviews and investigations are increasing in number and scope every year. For many businesses it's a case of when you will be audited rather than if. It could start with a BAS, Super or Workers Compensation inquiry and spread to your whole business. Responding to the government inquiry or audit could take your accountant hours and cost your business thousands of dollars.
To make matters worse, these audits are carried out not only by the ATO, but a whole range of State and Federal Government agencies.
If your business or individual return is subjected to a random audit, review or investigation, you are responsible for the costs involved in providing the required information. Even a simple enquiry can require hours of work by your accountant to respond effectively ' even if your records are up to date and you have done nothing wrong.
Tax Audit Insurance Australia is specifically designed to be affordable for small to medium sized businesses. Tax Audit Insurance Australia covers more audits than any other cover, pays claims more quickly and easily and is transportable from one accountant to another.
If you receive an enquiry from a government agency such as the ATO, you simply pass the enquiry or audit onto your accountant and then pass their invoice on to Tax Audit Insurance Australia. We then pay you directly.
Tax Audit Insurance Australia allows you to get the best help available because it covers the cost.
Contact Tax Audit Insurance Australia now for more information.
It's a better way to protect your business.
1300 685 606