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This Policy protects both Accounting Practices and their clients against unexpected tax and government audits.
It’s crucial to ensure your business is covered by Tax Audit insurance, as the ATO and other tax authorities are increasingly scrutinisihng smaller enterprises – not just large companies.
If you are an accounting firm it’s just as important your clients hold cover. It can avoid some awkward client discussions later on.
Especially in this post-COVID era, businesses face a higher risk of tax audits, investigations, and disputes. However, with this policy, you can safeguard your company's financial and reputational standing against tax-related issues.
Accountants' Fees: Covers the costs of professional fees incurred by accountants or tax agents for responding to tax audits, enquiries, or reviews.
Legal Fees: Legal costs associated with defending against claims made by tax authorities.
Any businesses subjected to tax and government audits.
We have you covered.
Tax Audit insurance covers the costs associated with responding to tax audits and investigations by tax authorities.
Businesses, individuals, and self-employed professionals who may be subject to tax audits should consider this coverage.
It covers professional fees for accountants, tax agents, and legal advisors, as well as costs related to audit representation and review processes.
Yes, even with a good accountant, audits can be time-consuming and expensive; this insurance helps cover the associated costs.
Yes, policies typically cover multiple audits within the policy period, but specific limits may apply.
Contact your broker as soon as you receive notice of an audit or investigation, and they will guide you through the claim process.
Yes, it can cover audits of past tax returns, provided they fall within the policy’s retroactive cover period.
We believe in working closely with you to understand your unique needs and preferences, ensuring that the insurance coverage we offer is affordable and precisely tailored to meet your requirements.
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Professional Lines Insurance Brokers Pty Ltd T/As PLI Brokers (CAR 1308221| ABN 54 601 665 141) Corporate Authorised representative of Community Broker Network Pty Ltd | AFSL 233750 | ACN 096 916 184
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