Tax Audit Insurance
 

Here at Professional Assurance we don’t just deal with Accounting firms with Tax Audit Insurance, we can obtain individual standalone policies. Tax Audit Insurance can cover against the unexpected costs incurred in responding to audits, enquiries, investigations or reviews.

Now more than ever, individuals, businesses and self-managed superannuation funds are at risk of being selected for a random audit, investigation or review. The ATO and other Government bodies have more sophisticated data matching technology.  Every year there is a shift on which industry the ATO will be targeting, and the use technology and resources to analyse data from tax returns along with other information.
 

In the event that an audit arises, the costs in attending to an audit can be significant. A Tax Audit Insurance policy can cover yourself against the costs to assist in the review. The cover can also extend to engaging a Tax lawyer professional to assist with the official enquiry 
 

An example of what a Tax Audit Insurance policy can cover: 
•    BAS/GST Compliance
•    Workers Compensation/WorkCover
•    Self Managed Superannuation Funds
•    FBT
•    Income, Land and Payroll Tax
•    And many more
 

Contact Professional Assurance to discuss in full what the policy can cover.