Accountancy Insurance was established in 2003 specialising in Audit Shield – a comprehensive tax audit insurance product which covers the professional fees incurred as a result of an official audit, enquiry, investigation or review instigated by the Australian Taxation Office (ATO) and other federal, state and territory based agencies. Today, Accountancy Insurance provides service to more than 3000 accounting firms across Australasia and Canada. Professional Indemnity, Management Liability Insurance and Cyber Insurance are also beneficial offerings available to Australian accounting firms.

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Summary: The 2016–17 ATO Commissioner’s Annual Report

The ATO Commissioner’s Annual Report was recently released. In the article, Commissioner of Taxation Chris Jordan reviews the year noting the ATO’s highlights...  

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NEWS AND MEDIA

Sports stars will lose tax loophole following ATO crackdown

A TAX loophole used by Australia’s best athletes is about to become more difficult to exploit. The Australian Taxation Office is starting to clamp down on “image rights” companies, used by wealthy sportspeople to reduce their tax bill and claim a raft of expenses.

 

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TESTIMONIALS

“Our practice has benefited from the Audit Shield service with an amazing take up over the past three years. Our Account Manager has provided insight into how to improve our take up rate and taught us not to discount clients simply because they didn’t adopt a policy in the first year.”

Rob Schammer, General Manager, Devenny Payne, Bacchus Marsh VIC

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