It is important for you to be covered
With the development of data matching systems, the ATO are now able to receive information from a wide range of third party sources and have pledged to tighten their risk profiling system, targeting areas across the whole database. As a result, individuals, businesses and self-managed superannuation funds are at increased risk of being selected for a random audit or review.
When a taxpayer is selected for audit, the costs of conducting the review and defending their rights can be extremely expensive.
What is the Audit Shield service?
Our Audit Shield Service program is offered to cover the professional fees incurred in preparing documentation and responses for the ATO and all other government agencies’ audits, reviews, or investigations. Underwritten by AAI Limited trading as Vero Insurance, the policy covers these costs (up to a prescribed limit) for the current year and all previous years’ returns including late lodgements.
Premiums are very reasonable and are also tax deductable. This service is valuable, cost effective and provides great peace of mind.
If you have not already taken up this offer and wish to participate, please contact us to arrange a quote.
