In recent times, the Australian Taxation Office and other Government agencies have increased their reliance on audit and review activity. Enhancements in data-matching capabilities have meant that more taxpayers have been subject to audit and official review than ever before.
At Apiary Financial, we recognise that the time, effort and costs involved in our staff responding to audit matters on your behalf can be substantial, and a drain on your business resources. With this in mind, we have implemented a Tax and Government Audit Insurance Policy, underwritten by CGU Insurance Ltd, in which we invite our clients to participate.
If you elect to partake in this service and you are then subject to an audit or Government review, this policy will cover our professional fees (up to a prescribed limit) for any audit activity related to current, and previously lodged, returns. The cost of the policy, which is determined by your turnover category, includes a fee payable to McGarry Partners to recover some of the costs of providing this service to you.
Further information regarding policy inclusions and exclusions is available for download here:
More Information...This policy is offered on an opt-in basis. If you would like further information about participating in this service, please contact our office to speak to one of our friendly staff members.