What Is Tax Audit and Review Insurance
As the end of the financial year draws near, businesses across the board are refocusing their attention on completing key financial tasks - finalising their accounts, reconciling financial records, and preparing tax returns.
Whilst these obligations rightly take centre stage, this period offers a strategic opportunity to consider the broader aspects of financial protection—specifically, the value of Tax Audit and Review Insurance.
What Is Tax Audit/Review Insurance?
Tax Audit/Review Insurance provides cover for the fees incurred when a business is subjected to a Tax Audit and/or Review by the Australian Taxation Office (ATO) or other government agencies.
These audits can arise with little notice and may look into several years of financial data, often requiring extensive time and resources from Accountants, Legal Advisors, and other professionals. Even in cases where no discrepancies are identified, the administrative and professional cost of complying with an audit or review can be significant. This insurance helps mitigate that financial burden, protecting your business from the unexpected.
Why June is the most strategic time to Act
Securing Tax Audit and Review Insurance before 30 June offers several strategic advantages:
Proactive Coverage: Policies taken out in June will provide coverage for the upcoming financial year, including protection for the return being prepared.
Pre-Lodgement Security: Once a return is lodged, any Audit and/or Review initiated shortly after will not be covered by insurance taken out afterwards. Taking out a Tax Audit/Review policy before June 30 ensures you are protected for audits triggered by the current year’s tax return.
Tax Audit/Review Insurance is more than a safety net—it’s a proactive, smart business decision. It provides financial certainty and peace of mind during a stressful and complex time of year.
By securing a policy before June 30, businesses can ensure smoother, stress-free financial year transitions.
Contact Us
To discuss how Tax Audit and Review Insurance can support your business, or to request a personalised quotation, please get in touch directly with your Account Manager, or our friendly team at:
Email: hello@sageins.com.au
Phone: (03) 9969 2067
Address: Suite 14/18-34 Station Street, Sandringham VIC 3191
Grace Bedford
Grace is an experienced Insurance Broker with over six years of industry expertise, delivering tailored risk solutions across general, SME, and complex commercial insurance portfolios.
As the end of the financial year draws near, businesses across the board are refocusing their attention on completing key financial tasks - finalising their accounts, reconciling financial records, and preparing tax returns.
Whilst these obligations rightly take centre stage, this period offers a strategic opportunity to consider the broader aspects of financial protection—specifically, the value of Tax Audit and Review Insurance.
What Is Tax Audit/Review Insurance?
Tax Audit/Review Insurance provides cover for the fees incurred when a business is subjected to a Tax Audit and/or Review by the Australian Taxation Office (ATO) or other government agencies.
These audits can arise with little notice and may look into several years of financial data, often requiring extensive time and resources from Accountants, Legal Advisors, and other professionals. Even in cases where no discrepancies are identified, the administrative and professional cost of complying with an audit or review can be significant. This insurance helps mitigate that financial burden, protecting your business from the unexpected.
Why June is the most strategic time to Act
Securing Tax Audit and Review Insurance before 30 June offers several strategic advantages:
Proactive Coverage: Policies taken out in June will provide coverage for the upcoming financial year, including protection for the return being prepared.
Pre-Lodgement Security: Once a return is lodged, any Audit and/or Review initiated shortly after will not be covered by insurance taken out afterwards. Taking out a Tax Audit/Review policy before June 30 ensures you are protected for audits triggered by the current year’s tax return.
Tax Audit/Review Insurance is more than a safety net—it’s a proactive, smart business decision. It provides financial certainty and peace of mind during a stressful and complex time of year.
By securing a policy before June 30, businesses can ensure smoother, stress-free financial year transitions.
Contact Us
To discuss how Tax Audit and Review Insurance can support your business, or to request a personalised quotation, please get in touch directly with your Account Manager, or our friendly team at:
Email: hello@sageins.com.au
Phone: (03) 9969 2067
Address: Suite 14/18-34 Station Street, Sandringham VIC 3191
Grace Bedford
Grace is an experienced Insurance Broker with over six years of industry expertise, delivering tailored risk solutions across general, SME, and complex commercial insurance portfolios.
As the end of the financial year draws near, businesses across the board are refocusing their attention on completing key financial tasks - finalising their accounts, reconciling financial records, and preparing tax returns.
Whilst these obligations rightly take centre stage, this period offers a strategic opportunity to consider the broader aspects of financial protection—specifically, the value of Tax Audit and Review Insurance.
What Is Tax Audit/Review Insurance?
Tax Audit/Review Insurance provides cover for the fees incurred when a business is subjected to a Tax Audit and/or Review by the Australian Taxation Office (ATO) or other government agencies.
These audits can arise with little notice and may look into several years of financial data, often requiring extensive time and resources from Accountants, Legal Advisors, and other professionals. Even in cases where no discrepancies are identified, the administrative and professional cost of complying with an audit or review can be significant. This insurance helps mitigate that financial burden, protecting your business from the unexpected.
Why June is the most strategic time to Act
Securing Tax Audit and Review Insurance before 30 June offers several strategic advantages:
Proactive Coverage: Policies taken out in June will provide coverage for the upcoming financial year, including protection for the return being prepared.
Pre-Lodgement Security: Once a return is lodged, any Audit and/or Review initiated shortly after will not be covered by insurance taken out afterwards. Taking out a Tax Audit/Review policy before June 30 ensures you are protected for audits triggered by the current year’s tax return.
Tax Audit/Review Insurance is more than a safety net—it’s a proactive, smart business decision. It provides financial certainty and peace of mind during a stressful and complex time of year.
By securing a policy before June 30, businesses can ensure smoother, stress-free financial year transitions.
Contact Us
To discuss how Tax Audit and Review Insurance can support your business, or to request a personalised quotation, please get in touch directly with your Account Manager, or our friendly team at:
Email: hello@sageins.com.au
Phone: (03) 9969 2067
Address: Suite 14/18-34 Station Street, Sandringham VIC 3191
Grace Bedford
Grace is an experienced Insurance Broker with over six years of industry expertise, delivering tailored risk solutions across general, SME, and complex commercial insurance portfolios.
