The Audit Shield service provides for the payment of our professional fees otherwise payable by you when incurred as a result of this firm being required to respond, on your behalf, to an audit, or review instigated by the Australian Tax Office (ATO) or other Government body.
If your business, SMSF or individual return is subjected to an audit, enquiry, investigation or review, you are responsible for the costs (professional fees) involved in providing the required information. Even the simplest enquiry can require hours of work. In multiple years or multiple companies and trusts, thousands of dollars in accounting and legal fees can be incurred. The cost of being properly represented in these matters can be quite considerable depending on the length of time involved.
We can offer you the Audit Shield service which can provide you with comprehensive relief from the associated costs (fees) of audit activity. The Audit Shield service provides for the payment of our professional fees incurred as a result of you being selected for an audit, review or investigation by the ATO or other government body. The Audit Shield service provides a fixed, cost effective solution to guard against these unbudgeted costs.
The service covers all professional fees up to a prescribed limit (with no excess) when responding to, or representing you in an audit, review or investigation. These include not only our fees, but also legal fees, bookkeeping fees and specialist professional advisor fees (e.g. quantity surveyors, valuers, and actuaries).
Income Tax l Capital Gains Tax
GST and BAS l Payroll Tax
Fringe Benefits Tax l WorkCover/Workers Compensation
Employer Obligation Audits l Self Managed Superannuation Funds (cover available separately)
Record Keeping l And many other lodged returns
All of our clients can take advantage of the Audit Shield service.
Please contact our office and we will send you an information pack including an acceptance form/invoice.