Audit Shield

Being in business and staying compliant are tough gigs.

To keep everyone honest, regulators often carry out audits and reviews. These include:

• ATO activity for suspected shortfalls in GST, tax or super
• Workcover activity for suspected understatement in pays
• State revenue authority activity for suspected payroll tax or duty shortfalls

Audits and reviews happen and can be triggered by a complaint or sometimes they’re totally random, either way, they hurt, especially when you’re doing the right thing.

Worst of all, they’re stressful and take you away from what’s most important because they demand a lot of your time.

We have you covered for this too and can manage these stressful events for you. To enable you to focus on your business and not sweat our time costs, we work closely with Accountancy Insurance, who for a reasonable price, can cover you for our time costs. Their premium is also tax deductible.

The cost of a premium depends on the combined income figure of all businesses tied to you. If you would like further information on this, please reach out to us.