Affordable protection
from the ATO.

Now affordable protection is available to prevent random audits and investigations from devastating your cash flow and affecting your business viability.

Random government audits, reviews and investigations are increasing in number and scope every year. It's almost a case of when you will be audited rather than if. It could start with a BAS, Superfund or Workers Compensation inquiry and spread to your whole business. Responding to the inquiry or audit could take your book-keeper or accountant hours and cost your business thousands.

How likely am I to get a Random Government Audit or Investigation?

Random audits and investigations are carried out not only by the ATO, but by a whole range of State and Federal Government agencies covering matters such as:

  • Income Tax, BAS, GST, FBT
  • Capital Gains
  • SMSF
  • Super Guarantee
  • Centrelink, Child Support
  • Employment Conditions
  • Work Related Expenses
  • Payroll tax, Land Tax, Stamp Duties; and
  • Workers Compensation

Government agencies continue to announce significant increases in their audit activity and sophisticated computer cross checking is making additional inquiries much more likely.

What are the costs to my business of Random Government Audits and Investigations?

If your business or individual return is subjected to a random audit, review or investigation, you are responsible for the costs involved in providing the required information. Even a simple enquiry can require hours of work by your financial representative (your book-keeper or accountant) to respond effectively - even if your records are up to date and you have done nothing wrong.

If you get audited you need the best help available to minimise the risk of the investigation becoming
extended.

In some cases, specialist accountants and lawyers could be involved and your business could face serious cash flow problems - the inquiry could even spread to your customers.

It is a distracting and time consuming process - it just takes your attention away from your core business.

How can I protect my business from these unexpected costs?

Tax & Government audit insurance cover is specifically designed to be affordable for small to medium sized businesses.

If you receive an enquiry from a government agency such as the ATO, you simply pass the enquiry or audit onto your book-keeper or accountant and they manage the process with the ATO or other agency. When you receive your invoice from your book-keeper or Accountant, you can then pass their invoice on to the underwriter CGU who pay’s you directly.

Tax & Government Audit Insurance allows you to get the best help available when you need it most - simply because it covers the cost

Tax & Government Audit Insurance - benefits to you.

  • Covers the cost of expert help in responding to government audits and enquiries.
  • Covers accounting fees involved in responding to audit and inquiries of your lodged returns including those from previous years.
  • Covers a specialist’s professional fees if a tax expert or lawyer needs to be engaged for an opinion or defence.
  • Covers a range of reviews including Income Tax, BAS, GST, FBT, Capital Gains, Client Risk reviews, R&D Tax Benefits and Grants, SMSF, Super Guarantee, Centrelink, Child Support, Employment Conditions, Work Related Expenses, Payroll Tax, Land Tax, Stamp Duties, Workers Compensation and others.
  • Ensures your cash flow and ability to attend to your business are not affected by government enquiries and audits - you can keep on with business as usual
  • Provides 100% coverage - no excess to pay on legal or accountancy fees involved in an audit or inquiry - includes appeals and legal defence.
  • Is tax deductable
  • Simple - your accountant manages the claim.
  • Underwritten by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance

To Find out more.

To ensure your business is covered under the practices Tax & Government Audit Insurance protection service, complete the online quotation on this website. Your cover commences at midnight, on the day your payment is accepted.

Contact Us

Contact Tax Audit Insurance Australia now for more information.

It's a better way to protect your business.

1300 685 606