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Are you ready for a Tax Audit?

May 28, 2013

June is the end of the Financial Year for most businesses so it is a good time to think about the taxman, or more particularly, whether yours’ will be one of the increasing number of Australian businesses facing a tax audit this year.

State and federal governments are planning a big increase in audits and they won’t just be for income tax. This year the Government departments plan to increase audits for Fringe Benefits Tax, GST, Capital Gains Tax, Sales Tax, Superannuation Contributions Tax and Payroll Tax.

 

The costs associated with these audits can be a hefty liability on your business.

The solution. Tax Audit Insurance.

As well as protecting against the professional fees for an audit this insurance can cover fees paid to tax agents, advisers or accountants.

In some cases, Tax Audit protection is available as part of a Management Liability or Business Package.

Talk to us to find out which is the best solution for your business.


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