Compliance Protection gives you peace of mind that accounting fees will be covered in the event of an audit, enquiry, investigation or review instigated by the Australian Taxation Office (ATO) or other relevant Australian Government authorities excluding Superannuation Guarantee Audits.Get Covered
The additional accounting costs incurred by you, or your business, can be quite substantial based on the type of review you are selected for. Any government investigation can be quite costly to you or your business; from a full audit, to a BAS review, to a telephone based enquiry.
Data sharing between government bodies is at an unprecedented high – making it easier to investigate or review more taxpayers.
So you really have to ask yourself, "can I afford not to be covered"?
Our Compliance Protection Service provides for the payment of accounting fees incurred in the event that you are selected for an audit, enquiry, investigation or review instigated by the Australian Taxation Office (ATO) or other relevant Australian Government authorities excluding Superannuaton Guarantee Audits.
The cost of being properly represented can be quite considerable depending on the circumstances. Even a simple review or audit can require hours of work on your behalf by your accountant.
All of our clients can take advantage of our Compliance Protection Service. Different levels of cover are available for salary and wage earners, businesses and SMSFs. Anyone can be targeted – even if their lodgements are accurate.
Being selected for a review is not a reflection on the quality of work by your accountant as the ATO have many methods of determining which returns require a reassessment. We consider it best practice to offer you the opportunity to protect yourself as data matching, government information sharing, and industry benchmarking become increasingly common.
All accounting fees up to a prescribed limit are covered when you engage us in audit activity matters. Compliance Protection Service is retrospective, so all previously lodged returns under Lead Advisory Services are included in the coverage.
Income Tax, GST, BAS, PAYG Withholding, Fringe Benefits Tax, WorkCover and Self Managed Superannuation Funds (SMSFs) are included in our Compliance Protection Service.
All of our clients can take advantage of our Compliance Protection Service. Different levels of cover are available for salary and wage earners at any level of income as well as businesses and SMSFs.
Full details of your suggested level of cover and cost are included in your letter or email.