New Years Resolution... Have You Insured Your Company for Tax Audit Insurance ?

Monday, 17 December 2012    Accounting,Tax

Tax Audit Insurance

Did you know that an estimated 10% of businesses will be audited by the taxation department?

An external audit into your finances can be very costly and time consuming, not to mention the stress and anxiety it can cause. Audits can cost several thousand dollars and take many months or even years to complete. How are you, your business or even your self managed super fund positioned to cover the cost of unexpected professional fees that could have potential to be thousands?!

Tax Audit Insurance can be purchased by an individual, a superfund or a business. It can cover for audits, reviews and investigations for:

  • Income tax
  • GST/BAS
  • Fringe Benefit Tax
  • Employer Obligation Reviews
  • Record Keeping
  • Capital Gains Tax
  • Payroll Tax
  • Workcover/Workers Compensation
  • Self Managed Super Funds
Real examples:
Financial Planner                                                          
Premium paid: $400                                                                       
Audit period: 17 Months  

Property Owner
Premium Paid: $400
Audit Period: 17 Months

For an obligation free quotation please contact Meg Roessler on megr@butlersca.com.au or call (07) 5536 2288 to discuss further.