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Tax Audit Cover

Shield your finances from unexpected tax audit expenses with Elliott Insurance's Tax Audit Cover, supporting Australian businesses through potentially costly audit processes.
tax audit
tax audit insurance

What does our tax audit cover include?

Tax Audit Insurance from Elliott Insurance provides comprehensive coverage for:

Professional Fees: Covering the costs of accountants and lawyers during the audit.

Out of Pocket Expenses: Ensuring your incidental costs during the audit are covered.

Multiple Entities: One premium covers all entities listed on your policy schedule.

Complete Support: Helping you navigate the audit process with minimal disruption.


The Importance of Tax Audit Insurance

Safeguarding your business with Tax Audit Insurance offers multiple advantages:

.. Tax audits can bring unforeseen costs. Our Tax Audit Insurance covers professional fees and related expenses.
... We know tax audits can disrupt your operations. Our insurance lets you focus on your business while we handle the audit.
... We understand that every business is unique. We tailor your Tax Audit Insurance to suit your specific requirements.

Why Choose Us For Your Tax Audit Insurance Needs

elliott insurance tax audit

Experienced Insurance Brokers

Our team has a deep understanding of tax audits, guiding you through the process.

Extensive Customer Support

Our team is ready to assist with any queries you have about your policy or the audit process.

Customized Policies

We offer policies tailored to your unique business needs.


Common Triggers for Tax Audits

.. Data inconsistencies in reports can trigger audits.
... Large income fluctuations can attract audit attention.
... High deductions relative to income can cause tax authority scrutiny.

Is Tax Audit Insurance right for my business?

If your business is subject to tax and can be audited, Tax Audit Insurance can protect you from unexpected audit costs and disruption. Speak with our professionals to understand how this coverage can help your business.

tax audit business

Frequently Asked Questions

What type of businesses need Tax Audit Insurance?

Any business, regardless of its size or industry, that is subject to tax and can be audited, can benefit from Tax Audit Insurance. This includes sole traders, small businesses, large corporations, and non-profit organizations.

Can I get Tax Audit Insurance if I’ve already been notified of an audit?

No. Tax Audit Insurance is designed to cover unexpected audit expenses. It must be in place before the audit or official investigation notification is received. Any known or expected audits will not be covered.

Does Tax Audit Insurance cover fines or penalties resulting from an audit?

Tax Audit Insurance covers the cost of professional fees incurred in the process of an audit. It does not cover the cost of any fines, penalties, or additional tax liabilities that may result from an audit.

How does Elliott Insurance support clients during a tax audit?

At Elliott Insurance, we are dedicated to supporting our clients every step of the way during a tax audit. This includes helping you understand the audit process, managing your claim, and arranging for the payment of professional fees. Our aim is to make the audit process as stress-free as possible for our clients.