{"id":402,"date":"2020-06-04T14:57:59","date_gmt":"2020-06-04T06:57:59","guid":{"rendered":"https:\/\/www.thehorizongroup.com.au\/blog\/?p=402"},"modified":"2020-06-16T15:00:18","modified_gmt":"2020-06-16T07:00:18","slug":"tax-audit-costs-option-to-protect-yourself","status":"publish","type":"post","link":"https:\/\/www.thehorizongroup.com.au\/blog\/tax-audit-costs-option-to-protect-yourself\/","title":{"rendered":"Tax audit costs &#8211; option to protect yourself from the unexpected"},"content":{"rendered":"\n<p class=\"has-text-align-left\">There\u2019s 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.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" src=\"https:\/\/www.thehorizongroup.com.au\/blog\/wp-content\/uploads\/2020\/06\/Audit-shield-JK-1024x245.jpg\" alt=\"\" class=\"wp-image-404\" width=\"490\" height=\"116\" srcset=\"https:\/\/www.thehorizongroup.com.au\/blog\/wp-content\/uploads\/2020\/06\/Audit-shield-JK-1024x245.jpg 1024w, https:\/\/www.thehorizongroup.com.au\/blog\/wp-content\/uploads\/2020\/06\/Audit-shield-JK-300x72.jpg 300w, https:\/\/www.thehorizongroup.com.au\/blog\/wp-content\/uploads\/2020\/06\/Audit-shield-JK-768x184.jpg 768w, https:\/\/www.thehorizongroup.com.au\/blog\/wp-content\/uploads\/2020\/06\/Audit-shield-JK.jpg 1267w\" sizes=\"(max-width: 490px) 100vw, 490px\" \/><\/figure><\/div>\n\n\n\n<p class=\"has-text-align-left\">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.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" src=\"https:\/\/www.thehorizongroup.com.au\/blog\/wp-content\/uploads\/2020\/06\/Audit-shield-cover.jpg\" alt=\"Audit shield cover\" class=\"wp-image-405\" width=\"542\" height=\"324\" srcset=\"https:\/\/www.thehorizongroup.com.au\/blog\/wp-content\/uploads\/2020\/06\/Audit-shield-cover.jpg 738w, https:\/\/www.thehorizongroup.com.au\/blog\/wp-content\/uploads\/2020\/06\/Audit-shield-cover-300x179.jpg 300w\" sizes=\"(max-width: 542px) 100vw, 542px\" \/><\/figure><\/div>\n\n\n\n<p>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). <\/p>\n\n\n\n<p>It is an optional service that we offer annually in June. You have the opportunity to participate in or decline our<br>Audit Shield service offer.<\/p>\n\n\n\n<p><strong>Useful Links<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.thehorizongroup.com.au\/assets\/files\/FAQ--AuditShield.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Audit Shield &#8211; FAQ&#8217;s<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.thehorizongroup.com.au\/assets\/files\/Case-Studiesflyer2_AUS0418.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Case studies<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.thehorizongroup.com.au\/assets\/files\/Audit-ShieldWhitePaper.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Audit Shield &#8211; explained<\/a><\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container\">\n<hr class=\"wp-block-separator is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center\"><br>  <strong>Simple! Smart!&nbsp;<span style=\"color:#1a4e97\" class=\"has-inline-color\">Different!<\/span><\/strong><br><\/p>\n\n\n\n<ul class=\"wp-block-social-links aligncenter\">\n\n\n\n\n\n\n\n<li class=\"wp-social-link wp-social-link-mail wp-block-social-link\"><a href=\"http:\/\/info@thehorizongroup.com.au\" aria-label=\"Mail\"  class=\"wp-block-social-link-anchor\"> <svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" role=\"img\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M20,4H4C2.895,4,2,4.895,2,6v12c0,1.105,0.895,2,2,2h16c1.105,0,2-0.895,2-2V6C22,4.895,21.105,4,20,4z M20,8.236l-8,4.882 L4,8.236V6h16V8.236z\"><\/path><\/svg><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-chain wp-block-social-link\"><a href=\"http:\/\/www.thehorizongroup.com.au\" aria-label=\"Link\"  class=\"wp-block-social-link-anchor\"> <svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" 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d=\"M19.647,16.706a1.134,1.134,0,0,0-.343-.833l-2.549-2.549a1.134,1.134,0,0,0-.833-.343,1.168,1.168,0,0,0-.883.392l.233.226q.2.189.264.264a2.922,2.922,0,0,1,.184.233.986.986,0,0,1,.159.312,1.242,1.242,0,0,1,.043.337,1.172,1.172,0,0,1-1.176,1.176,1.237,1.237,0,0,1-.337-.043,1,1,0,0,1-.312-.159,2.76,2.76,0,0,1-.233-.184q-.073-.068-.264-.264l-.226-.233a1.19,1.19,0,0,0-.4.895,1.134,1.134,0,0,0,.343.833L15.837,19.3a1.13,1.13,0,0,0,.833.331,1.18,1.18,0,0,0,.833-.318l1.8-1.789a1.12,1.12,0,0,0,.343-.821Zm-8.615-8.64a1.134,1.134,0,0,0-.343-.833L8.163,4.7a1.134,1.134,0,0,0-.833-.343,1.184,1.184,0,0,0-.833.331L4.7,6.473a1.12,1.12,0,0,0-.343.821,1.134,1.134,0,0,0,.343.833l2.549,2.549a1.13,1.13,0,0,0,.833.331,1.184,1.184,0,0,0,.883-.38L8.728,10.4q-.2-.189-.264-.264A2.922,2.922,0,0,1,8.28,9.9a.986.986,0,0,1-.159-.312,1.242,1.242,0,0,1-.043-.337A1.172,1.172,0,0,1,9.254,8.079a1.237,1.237,0,0,1,.337.043,1,1,0,0,1,.312.159,2.761,2.761,0,0,1,.233.184q.073.068.264.264l.226.233a1.19,1.19,0,0,0,.4-.895ZM22,16.706a3.343,3.343,0,0,1-1.042,2.488l-1.8,1.789a3.536,3.536,0,0,1-4.988-.025l-2.525-2.537a3.384,3.384,0,0,1-1.017-2.488,3.448,3.448,0,0,1,1.078-2.561l-1.078-1.078a3.434,3.434,0,0,1-2.549,1.078,3.4,3.4,0,0,1-2.5-1.029L3.029,9.794A3.4,3.4,0,0,1,2,7.294,3.343,3.343,0,0,1,3.042,4.806l1.8-1.789A3.384,3.384,0,0,1,7.331,2a3.357,3.357,0,0,1,2.5,1.042l2.525,2.537a3.384,3.384,0,0,1,1.017,2.488,3.448,3.448,0,0,1-1.078,2.561l1.078,1.078a3.551,3.551,0,0,1,5.049-.049l2.549,2.549A3.4,3.4,0,0,1,22,16.706Z\"><\/path><\/svg><\/a><\/li>\n\n<li 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class=\"wp-social-link wp-social-link-instagram wp-block-social-link\"><a href=\"https:\/\/www.instagram.com\/the_horizon_group\/\" aria-label=\"Instagram\"  class=\"wp-block-social-link-anchor\"> <svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" role=\"img\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12,4.622c2.403,0,2.688,0.009,3.637,0.052c0.877,0.04,1.354,0.187,1.671,0.31c0.42,0.163,0.72,0.358,1.035,0.673 c0.315,0.315,0.51,0.615,0.673,1.035c0.123,0.317,0.27,0.794,0.31,1.671c0.043,0.949,0.052,1.234,0.052,3.637 s-0.009,2.688-0.052,3.637c-0.04,0.877-0.187,1.354-0.31,1.671c-0.163,0.42-0.358,0.72-0.673,1.035 c-0.315,0.315-0.615,0.51-1.035,0.673c-0.317,0.123-0.794,0.27-1.671,0.31c-0.949,0.043-1.233,0.052-3.637,0.052 s-2.688-0.009-3.637-0.052c-0.877-0.04-1.354-0.187-1.671-0.31c-0.42-0.163-0.72-0.358-1.035-0.673 c-0.315-0.315-0.51-0.615-0.673-1.035c-0.123-0.317-0.27-0.794-0.31-1.671C4.631,14.688,4.622,14.403,4.622,12 s0.009-2.688,0.052-3.637c0.04-0.877,0.187-1.354,0.31-1.671c0.163-0.42,0.358-0.72,0.673-1.035 c0.315-0.315,0.615-0.51,1.035-0.673c0.317-0.123,0.794-0.27,1.671-0.31C9.312,4.631,9.597,4.622,12,4.622 M12,3 C9.556,3,9.249,3.01,8.289,3.054C7.331,3.098,6.677,3.25,6.105,3.472C5.513,3.702,5.011,4.01,4.511,4.511 c-0.5,0.5-0.808,1.002-1.038,1.594C3.25,6.677,3.098,7.331,3.054,8.289C3.01,9.249,3,9.556,3,12c0,2.444,0.01,2.751,0.054,3.711 c0.044,0.958,0.196,1.612,0.418,2.185c0.23,0.592,0.538,1.094,1.038,1.594c0.5,0.5,1.002,0.808,1.594,1.038 c0.572,0.222,1.227,0.375,2.185,0.418C9.249,20.99,9.556,21,12,21s2.751-0.01,3.711-0.054c0.958-0.044,1.612-0.196,2.185-0.418 c0.592-0.23,1.094-0.538,1.594-1.038c0.5-0.5,0.808-1.002,1.038-1.594c0.222-0.572,0.375-1.227,0.418-2.185 C20.99,14.751,21,14.444,21,12s-0.01-2.751-0.054-3.711c-0.044-0.958-0.196-1.612-0.418-2.185c-0.23-0.592-0.538-1.094-1.038-1.594 c-0.5-0.5-1.002-0.808-1.594-1.038c-0.572-0.222-1.227-0.375-2.185-0.418C14.751,3.01,14.444,3,12,3L12,3z M12,7.378 c-2.552,0-4.622,2.069-4.622,4.622S9.448,16.622,12,16.622s4.622-2.069,4.622-4.622S14.552,7.378,12,7.378z M12,15 c-1.657,0-3-1.343-3-3s1.343-3,3-3s3,1.343,3,3S13.657,15,12,15z M16.804,6.116c-0.596,0-1.08,0.484-1.08,1.08 s0.484,1.08,1.08,1.08c0.596,0,1.08-0.484,1.08-1.08S17.401,6.116,16.804,6.116z\"><\/path><\/svg><\/a><\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center\">This information is intended to provide general information only and has been prepared without taking into account any particular person&#8217;s objectives, financial situation or needs. Before acting on such information, you should consider the appropriateness of the information<\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center\"><em>Copyright \u00a9\u00a0 2020<br><em>The Horizon Group of Companies<\/em><br><em>All rights reserved.<\/em><br><br><em>Contact us<\/em><br><em><a rel=\"noreferrer noopener\" href=\"http:\/\/www.thehorizongroup.com.au\/\" target=\"_blank\">www.thehorizongroup.com.au\u00a0<\/a><\/em><\/em><br>email: <a href=\"info@thehorizongroup.com.au\" target=\"_blank\" rel=\"noreferrer noopener\">info@thehorizongroup.com.au<\/a><br>phone: 08 9344 7799<br>see us: 35 Cedric Street, Stirling WA<br><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s nothing more frustrating than being selected for a review or audit of your lodged returns instigated by the Australian<\/p>\n","protected":false},"author":2,"featured_media":403,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7,82],"tags":[106,105,104],"_links":{"self":[{"href":"https:\/\/www.thehorizongroup.com.au\/blog\/wp-json\/wp\/v2\/posts\/402"}],"collection":[{"href":"https:\/\/www.thehorizongroup.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehorizongroup.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehorizongroup.com.au\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehorizongroup.com.au\/blog\/wp-json\/wp\/v2\/comments?post=402"}],"version-history":[{"count":2,"href":"https:\/\/www.thehorizongroup.com.au\/blog\/wp-json\/wp\/v2\/posts\/402\/revisions"}],"predecessor-version":[{"id":407,"href":"https:\/\/www.thehorizongroup.com.au\/blog\/wp-json\/wp\/v2\/posts\/402\/revisions\/407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehorizongroup.com.au\/blog\/wp-json\/wp\/v2\/media\/403"}],"wp:attachment":[{"href":"https:\/\/www.thehorizongroup.com.au\/blog\/wp-json\/wp\/v2\/media?parent=402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehorizongroup.com.au\/blog\/wp-json\/wp\/v2\/categories?post=402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehorizongroup.com.au\/blog\/wp-json\/wp\/v2\/tags?post=402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}