Source Accounting offers Audit Shield insurance to all existing clients. Audit Shield insurance covers the cost of professional fees incurred as a result of you being selected for an audit, enquiry, investigation or review by the Australian Taxation Office (ATO).
The cost of being properly represented in these matters can be significant. Even if no adjustments are required, you could still be left with considerable professional fees because you will need to pay for the cost of an accountant and seek legal advice, when addressing the ATO audit. Our Audit Shield service provides a fixed, cost effective solution to guard against these unbudgeted costs.
Our Audit Shield service is provided by our accounting firm via a group policy we hold in our business name. This policy is underwritten by AAI Limited (trading as Vero Insurance).
What lodged returns/financial compliance obligations are covered?
- Capital gains tax
- Employer obligations – superannuation guarantee / PAYG
- Fringe benefits tax
- Income tax, GST and BAS
- Payroll Tax, Land Tax and Stamp Duty
- R&D Tax Incentive (ATO only)
- Record Keeping
- Self Managed Superannuation Funds (SMSFs) (cover available separately)
- WorkCover/Workers Compensation
- Plus more!
To find out more information about Audit shield and what is covered, call our office on 07 3394 4622