Worried about a tax audit?

Cover begins one business day after payment is marked in the online system

Covers the payment of our professional fees from a basic phone enquiry to a complete audit of lodged returns with the ATO, Federal and State Agencies.

Includes fees of any other outside person or relevant  consultant eg Taxation lawyer

Investigation of prior year returns is covered

No excess  and fee is tax deductible

Penalty tax, costs, interests or any fines

Audits, reviews or investigations notified prior to policy cover commencing

If culpability penalties imposed by the ATO are 75% or more

Failure of client to produce documentation to the ATO or government agency

Child Support or Child Support Agency

Audits of superannuation funds resulting from failure to rectify contravention report

Mass marketed schemes without a product ruling

One policy can cover all entities within a group subject to the following:

Any individual (includes spouses earning less than $75,000), company, firm, partnership or trust must hold 50% or more ownership, interest or shareholing in the entity named in the policy

The entity named in the policy holds a 50% or more ownership, control, interest or shareholding in any company, firm, partnership or trust

Any individual included as per above must receive the majority of their income from within the nominated group

Self Managed Superannuation funds are covered separately

Claims are made on line and must be lodged as soon as we become aware of them ie. Upon receipt of the audit notification

Claims must be raised within the period of insurance or within 30 days of the expiry of the policy.