Tax Audit Insurance


The ATO is continually increasing its audit activity, putting individuals, businesses, SMSFs and trusts at risk of being selected for a random audit or review. The Australian Tax Commissioner predicts that 1 in 10 businesses will be subject to some form of tax audit.

If you are selected to be audited, your accountant’s fees can be as much as four to five times greater than the fee charged for the original work.

For information on the people and industries who are on the current “hit list”, contact us. 

How can I protect myself and my company from an ATO audit?

Having paperwork in order isn’t immunity against being selected for an audit. Government agencies use a mix of data matching; benchmarking; industry sector targeting; inter government agency shared data; data sourced from financial institutions & public companies to look for anomalies to review.

Protect yourself from the financial impact of an audit by taking out Audit Insurance. This is an insurance policy that reimburses the professional fees that you incur from your accountant to assist you with the audit process.

The Benefits:

  • Cost of taking up the cover compared with the cost of an audit
  • Access at no additional cost to professional accounting services from Peter Vickers and Associates
  • Avoid the stress caused by the financial impact of an audit
  • No unbudgeted expenses to worry about
  • Tax deductible premium

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SYDNEY


Suite 2, 345 Pacific Highway,
Lindfield, NSW 2070

T: 61 2 9496 2300
F: 61 2 9416 9149
services@pva.com.au


Peter Vickers Insurance Brokers

Suite 2, 345 Pacific Highway
Lindfield NSW 2070
T: 1300 784 011
F: 61 2 9416 9149
enquiries@pvib.com.au

WINDSOR


Suite 3, 31 Brabyn Street
Windsor, NSW 2756
T: 61 2 4577 4455
F: 61 2 4577 5987
windsor@pva.com.au


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