There’s nothing more frustrating than being selected for a review or audit of your lodged returns instigated by the Australian Taxation Office (ATO) or other government revenue authorities. The cost of being properly represented can be quite considerable depending on the circumstances.
Audit activity includes any audit, enquiry, investigation or review which is instigated by the Australian Taxation Office (ATO) and other relevant government revenue agencies to ensure compliance with various tax and legislative requirements. Even a simple enquiry can require hours of work.
The Audit Shield service is provided our accounting firm via a tax audit insurance group policy we hold in our business name, which is underwritten by AAI Limited (trading as Vero Insurance).
It is an optional service that we offer annually in June. You have the opportunity to participate in or decline our
Audit Shield service offer.
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This information is intended to provide general information only and has been prepared without taking into account any particular person’s objectives, financial situation or needs. Before acting on such information, you should consider the appropriateness of the information