AuditShield Insurance

AuditShield Insurance

Our Audit Shield Service provides for the payment of professional fees incurred as the result of you being selected for an audit, review or investigation by the 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.

 

Events Covered

  • Income Tax
  • GST and BAS
  • Superannuation Guarantee
  • PAYG Withholding
  • Fringe Benefits Tax
  • Payroll Tax
  • Land Tax
  • Stamp Duty / Transfer Duty
  • WorkCover
  • Self-Managed Superannuation Funds
  • And many other lodged returns

 

Costs Covered

Our policy covers all professional fees up to the prescribed limit (with no excess) when you engage us to respond to or represent you in a review, audit or investigation. These include not only our fees, but also legal fees, bookkeeping fees and specialist professional advisor fees (e.g. quantity surveyors, valuers and actuaries).

 

Who Is Covered

All of our clients can take advantage of the Audit Shield Service. Different levels of cover are available for:

  • Salary and Wage earners;
  • Businesses or business groups with turnover under $100 million;
  • Self-Managed Superannuation Funds

In most cases, individuals and family entities can be covered by the same policy that covers the business entity for no extra cost.

 

Tax Deductible

The cost of this policy is fully tax deductible.