Tax Audit Insurance for small business

Has your small business ever been audited by the ATO? Every year the ATO puts out a list of the types of businesses it intends to focus its auditing activities on for the following year. If we are to believe what they are saying, it is only a matter of time before your business is audited. If you own rental properties or have Self Managed Super Funds, you further increase the chance of being audited. And it is not just the ATO with the power to audit your business. There is other federal, state and territory based agencies.

Reduce the stress and cost of audits

Audits are not fun. They are time-consuming, incredibly stressful, distract you from your core business and can dramatically increase your accounting fees. Tax Audit Insurance helps ensure you have access to the additional resources you need, in the case of an audit, which also reduces your stress levels.

Why Bizally recommends Tax Audit Insurance

Bizally’s core mission is to help clients reduce the cost of running their business. Part of this process is to minimise the impact of unexpected business events, which is why Bizally provide its clients with access to Audit Shield, to reduce the cost impact of random Tax Audits.

The product recommended by Bizally is comprehensive tax audit insurance, provided by Accountancy Insurance. It covers the professional fees generated by an official audit, enquiry, investigation by the ATO or other federal, state and territory based agencies.

Learn more about Tax Audit Insurance

If you’d like to know more about the benefits of Tax Audit Insurance for your small business, contact Bizally today.