WHAT IS THE AUDIT SHIELD SERVICE?
No one wants to be audited and we have no reason to suspect you will be. However, with the prevalent focus on increasing audit activity, it is more likely than ever that you could be audited. Our Audit Shield service provides for the payment of professional fees incurred in the event that you are selected for an audit, enquiry, investigation or review instigated by the Australian Taxation Offi ce (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. Even the simplest enquiry can require hours of work.
WHAT IS COVERED?
All professional fees up to a prescribed limit (with no excess) are covered when you engage us in audit activity matters. Our fees, legal fees, bookkeeping fees and other specialist professional advisor fees are covered. Audit Shield also provides retrospective cover so all previously lodged returns are included in the coverage. The list is extensive as to what is covered under Audit Shield. Income Tax, GST and BAS, Superannuation Guarantee, PAYG Withholding, Fringe Benefi ts Tax, Payroll Tax, Land Tax, Stamp Duty, WorkCover and Self Managed Superannuation Funds (SMSFs) are just a few that are included!
IS THIS RIGHT FOR YOU?
All of our clients can take advantage of the Audit Shield service. Different levels of cover are available for salary and wage earners, businesses and SMSFs.
Anyone can be targeted, even if their lodgements are accurate. It is no reflection on the quality of work from your accountant. With this in mind, we off er you the opportunity to protect yourself with our Audit Shield service.