Tax Audit Insurance. Are you covered?
Tax audits can be expensive and are on the increase. We offer Tax Audit Insurance to all our clients.
What is Tax Audit Insurance?
Tax Audit Insurance provides for the payment of professional fees incurred as a result of you being selected for an audit, review or investigation by the ATO or other Government body.
What audits, reviews and investigations are covered?
- Income Tax
- GST and BAS
- Superannuation Guarantee
- PAYG Withholding
- Fringe Benefits Tax
- Payroll Tax
- Land Tax
- Stamp Duty
- Work Cover
- Self-Managed Superannuation Funds
- And many other lodged returns
What costs are covered?
Our policy covers all professional fees up to the prescribed limit (refer table below), with no excess when you engage us to respond to or represent you in a review, audit or investigation. These include not only our fees but also legal fees, bookkeeping fees and specialist professional advisor fees.
Cost to you?
All costs in the table below are inclusive of GST, Stamp Duty & Admin Fee.
|
Rates Table |
Limit |
Cost |
|
|
1 |
Salary & Wage Earner (inc shares and rental properties) <$500k |
$10,000 |
$100 |
|
2 |
Salary & Wage Earner (inc Spouse) <$500k |
$10,000 |
$150 |
|
3 |
Self-Managed Super Fund |
$10,000 |
$350 |
|
4 |
Sole Trader / Partnership / Non-Trading Company & Trust <$500K |
$10,000 |
$350 |
|
5 |
Business Group <$500K |
$10,000 |
$350 |
|
6 |
Business Group / Salary and Wage Earner $500K – $1M |
$10,000 |
$500 |
|
7 |
Business Group / Salary and Wage Earner $1M – $3M |
$20,000 |
$700 |
|
8 |
Business Group / Salary and Wage Earner $3M – $6M |
$20,000 |
$900 |
|
9 |
Business Group / Salary and Wage Earner $6M – $10M |
$20,000 |
$1,200 |
|
10 |
Business Group / Salary and Wage Earner $10M – $25M |
$30,000 |
$1,600 |
|
11 |
Business Group / Salary and Wage Earner $25M – $50M |
$35,000 |
$2,000 |
|
12 |
Business Group / Salary and Wage Earner $50M – $75M |
$35,000 |
$3,500 |
|
13 |
Business Group / Salary and Wage Earner $75M – $100M |
$50,000 |
$5,000 |
For more Information and how to apply Please call us on (03) 9895 9333 or email admin@mitchell.com.au.