Have you considered Audit Insurance?

STS Accounting Group has partnered with AuditCover to offer smarter tax audit protection.

As a policyholder, you’ll benefit from comprehensive coverage and protection from professional fees incurred when responding to a tax investigation by the ATO or another authorised government agency.

A tax audit can include a range of matters beyond just an actual audit and can also include costs incurred when responding to any official inquiry, investigation, examination, or review undertaken by an authority in respect of your liability to pay any designated tax. 

As long as there is an official trigger from the ATO or another Agency authorised to act on their behalf, and the investigation is connected to a designated tax, then the professional fees will be covered.

You may have already received a quote from AuditCover, but if not find out more or get a quote here. 

If you have any questions or would like to discuss your need for audit insurance, please don’t hesitate to contact your STS Accountant or bookkeeper.