Audit Shield - 20/03/25
20th March 2025
We want to let you know about a new service our firm is now offering - Audit Shield.
Audit Shield is a service that covers you from unexpected professional fees if the ATO or other government bodies audit, review, or investigate your lodged returns. The Australian Taxation Office (ATO) and other government revenue bodies will significantly increase the number of investigations, enquires, audits, and reviews they are undertaking. Much of this scrutiny is driven by the computer algorithms and occurs irrespective of whether your returns are filed accurately and on time.
With Audit Shield, our fees (and any specialist fees if required) will be covered, so we can handle the process for you—without extra costs to you.
The features of Audit Shield are:
Covers our accounting fees in responding to reviews and audits for you.
Fees of any other external specialist (e.g., taxation lawyers) or relevant consultant engaged or instructed by us to assist us in a response to audit activity are also covered.
Retrospective cover, so all previously filed returns are included (even if we did not prepare the return)
One annual fee to cover all your entities (SMSF are covered separately).
Audit Shield is an optional service and there is no obligation to participate.
Audit Shield covers:
Income Tax
GST
Recordkeeping
Fringe Benefits Tax
Capital Gains Tax
Superannuation Compliance
Superannuation Guarantee
Payroll Tax
Workcover
Plus much more
Please keep an eye on your email inbox as the details of Audit Shield offering will be sent to you in coming weeks.
If you have any queries in relation to the offer, we encourage you to contact our office upon receipt of the Audit Shield offer.