Do you drive your car without insurance? Of course not.

So, why run your business without insurance?

Every year we offer Tax Audit Insurance and here is our why.

In the 2021-22 tax year, as you can see in the image below, there have been several different claim types. More than year-end Tax Returns get audited, there are reviews or audits on Workcover, Superannuation, Payroll Tax, Land Tax, BAS, Rental Properties, and Employer Obligations.

While the focus seems to change from year to year, as you can see some things stay the same.

A lot of what is covered by Tax Audit insurance is within your normal business operations such as payroll obligations, and not only for those things that we assist you with. It is better to be safe than sorry!

If you do not have Tax Audit insurance contact us today to find out more, or if you have insurance with another provider let your advisor know if you do need help making a claim.

We’re all hopeful that doesn’t happen but these numbers don’t lie.