What is Tax Audit Insurance?
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.