Audit Management Solutions

Government Audits, Reviews & Investigations... Is your business prepared?

What are Government Audits, Reviews & Investigations? 
Audits, reviews and investigations are conducted by the ATO and other State and Federal Government agencies to ensure business and taxpayer compliance with various tax and legislative requirements such as Income, Land and Payroll Tax, GST, Workers Compensation, Superannuation Guarantee and Compliance and Research and Development Grants.

How am I likely to get an audit, review or investigation?
The Australian Tax Office (ATO) and other federal and state agencies continue to announce significant increases in their audit activity. Now more than ever, individuals, businesses and Self Managed Superannuation Funds are at risk of being selected for audit or review.

What are the costs to businesses and taxpayers in the event of a audit, review or investigation?
If your business or individual return is subjected to audit, review or investigation, you are responsible for the costs involved in providing the required information. Even the simplest enquiry can require hours of professional work. In some cases, when there are multiple companies and trusts, thousands of dollars in accounting and legal fees can be incurred.

How can I protect myself from the costs of audits, reviews and investigations?
We can offer you and your business our Audit Management Solution which can provide you with comprehensive relief from these audit, review and investigation costs.
Morrows Audit Management Solution covers:

• Accounting fees in responding to audits, reviews and investigations of your lodged returns, including those from previous years.
• Government audit, reviews & investigations for Payroll Tax, Workers Compensation, Self Managed Superannuation Funds, Income Tax, BAS/GST, FBT, R&D, Superannuation Guarantee and Record Keeping - to name a few.
• Specialist's professional fees if we need to engage a tax expert or lawyer for an opinion or defence.

The Audit Management Solution:

• Provides 100% coverage of our fees - up to a predetermined level.
• Is tax deductable.
• Is underwritten by Vero.

To read about some recent case studies please refer to "case studies"

If you are interested in obtaining cover please contact  Morrows for further information.