Tax Audit insurance

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Tax Audit Insurance

Tax audit insurance is not all the same! Only IQ Accountants Tax Audit has the history and depth of knowledge to ensure IQ Accountants Tax Audit Insurance has you covered when it matters.

We have continually engaged with our client firms to further refine the policy and ensure firms and their clients have absolute confidence in IQ Accountants Tax Audit Insurance and what it will deliver.

Importantly, we have also developed a proven delivery method to ensure that you the client is not bombarded with unexpected costs when it comes to tax or any other audit program the government may impose on you.

How IQ Accountants Tax Audit Can Benefit Your Business

  • Covers the professional fees normally charged to you when we assist you to respond to eligible official enquiries, reviews investigations or audits, of lodged returns.
  • Avoids disputes with your clients regarding fees incurred as a result of an audit, and possible fee write-offs as a result.
  • You are covered regardless unless you have committed fraud.
  • No excess payment, unless we take longer in hours per dollars spent than what you are covered for please see what fee you are covered for.
  • A proactive, cost-effective solution for your business.
  • Audits of previously lodged returns are also covered, including those you did not lodge with us for the last five years*.
  • You will be looked after if an audit prevails no questions asked policy.

* The audit must be instigated during the period of cover. If you have not paid your audit insurance by 1st of July 20XX  year, and you are sent a letter on the 3rd July 20XX you will not be covered unless payment is made.

How IQ Accountants Tax Audit Can Benefit Your Business

  • Covers the professional fees normally charged to you when we assist you to respond to eligible official enquiries, reviews investigations or audits, of lodged returns.
  • Avoids disputes with your clients regarding fees incurred as a result of an audit, and possible fee write-offs as a result.
  • You are covered regardless unless you have committed fraud.
  • No excess payment, unless we take longer in hours per dollars spent than what you are covered for please see what fee you are covered for.
  • A proactive, cost-effective solution for your business.
  • Audits of previously lodged returns are also covered, including those you did not lodge with us for the last five years*.
  • You will be looked after if an audit prevails no questions asked policy.

* The audit must be instigated during the period of cover. If you have not paid your audit insurance by 1st of July 20XX  year, and you are sent a letter on the 3rd July 20XX you will not be covered unless payment is made.

Why is IQ Accountants Tax Audit different from other tax audit insurance offerings?

Tax audit insurance is more than just another insurance policy. In can be complex to understand, complex to implement and complex to administer. Only IQ Accountants Tax Audit  has made the significant investment in people, processes and systems to make sure that IQ Accountants Tax Audit delivers for you and your business.

Will it cost me anything to implement IQ Accountants Tax Audit in my business or my personal tax return?

The effective policy pricing is below.

How do I make a claim?

It’s easy! Simply lodge the claim using the IQ Accountants Tax Audit phone number and send us the audit letter from the department that you are being audited from.

Will I be able to claim all my tax audit insurance?

Yes. 100% is tax deductible, and so is our fee if you have not taken out the policy.

Are Workers Compensation / WorkCover audits covered?

Yes. Audits of Workers Compensation returns or compliance obligations initiated by a body authorised to conduct such an audit are covered.

What about Payroll Tax audits?

Yes. Audits conducted by State Revenue Offices are also covered.

So what isn't covered?

Fees not directly related to the audit response, or those exceeding the presubscribed limit, are not covered. See the Policy Cover page for further detail or contact us for full policy details.

To learn more about how IQ Accountants Tax Audit can help you to implement IQ Accountants Tax Audit in you’re your business or your individual return, contact us. We will be in touch promptly to discuss your needs and tailor a solution for you.

Why IQ Accountants

IQ Accountants has a team of dedicated accountants and bookkeepers on hand who specialise in business tax practices and problems.

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What Customers Say

The IQ Accountants team ensured that I understood the process and what was being claimed in my assessments. He spent time adjusting these as I located further documentation and ensured that this was included and in submissions.

Post the electronic submission of a number of Tax Assessments, Emmanuel ensured I was updated as soon as he had information with assessment and payment received within 1 week.

Thank you for your professional approach to ensuring Tax assessments are a straightforward process.

John G

Sales Executive

Ready to get started?

Get in touch, or make an appointment. Our specialists accountants and bookkeepers are ready to assist you.