Audit Shield is a service we provide to our clients to protect you from incurring unexpected costs as a result of an audit, inquiry, investigation, review or examination (audit activity) of lodged returns or financial compliance obligations instigated by the Australian Taxation Office (ATO) and other government revenue authorities. Specific levels of cover are available for individuals, businesses and Self Managed Superannuation Funds (SMSFs).

Recommendations to combat the increase in audit activity

1. Be in the know
Gain a better understanding of your financial position and tax particulars by talking with your accountant. Your accountant can also conduct a risk assessment, and in doing so you could both discover a better way to structure your affairs.

2. Seek expert advice
In the event that you are contacted by the ATO or other government revenue authorities, the best action for you to take is to advise them that you would firstly like to talk to your accountant.

3. Consider Audit Shield
We proudly offer our Audit Shield service as a mechanism to protect you against unplanned professional fees that can arise as a result of government revenue authority initiated audit activity. With the government's focus on increasing gross revenue, taxpayers will be scrutinised — increasing your chances of an audit.

All clients have the option to take advantage of our Audit Shield service. If you have any questions, please don't hesitate to contact our team.