Audit Shield is renowned in the accountancy industry for providing comprehensive protection to accountants and their clients. In fact, Audit Shield currently pays more than $1 million per month in claims to cover the professional fees associated with audit activity. This is evidence that audit activity is prevalent and Audit Shield is an effective mechanism in alleviating the financial effects.
The tax audit insurance offering covers the professional fees that help you, as an accountant, assist your client to respond to an official audit, enquiry, investigation or review of returns lodged with the Australian Taxation Office (ATO) or other federal, state or territory government revenue agency. More than 3000 accounting firms across Australia, New Zealand and Canada trust Audit Shield, and are receiving the benefits of extending the offer to their individual, business and SMSF clients.
Audit Shield provides comprehensive, cost effective protection against the substantial costs that may be incurred should the ATO or other government revenue agency conduct an audit, enquiry, investigation or review.
What Audit Shield specifically covers:
- Income, Land and Payroll Tax
- BAS/GST Compliance
- Workers Compensation / WorkCover
- Superannuation Guarantee and Compliance
- Self-Managed Superannuation Funds
- Record Keeping
- Any query of any lodged return where the client is compelled to respond or act**
Did you know…
More than 95% of Accountancy Insurance’s clients say that they would recommend Audit Shield to other accounting firms*.
* Based on Accountancy Insurance’s Client Perceptions Survey 2014.
** Subject to the terms and conditions of the policy. Information about our tax audit insurance policy cover is provided on the Policy Cover page.
Contact Accountancy Insurance to learn more about how Accountancy Insurance can help you to implement Audit Shield (tax audit insurance) into your practice. One of our team members will be in touch promptly to discuss your needs and tailor a tax audit insurance solution for you.