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Tax Audit Insurance

Tax audits can be stressful, time consuming, and expensive. Cover the associated costs of an audit so you can stay in business while staying on top of the audit process. 

At Knightcorp, our team of experienced senior brokers can tailor a tax audit insurance program to your business, so that in the event your business is selected by the Australian Taxation Office for auditing, you can minimise the cost of an audit to your business. 

A tax audit insurance policy can cover your business for specified costs associated with being audited, including the cost of accountant, and other professional fees incurred in the course of an audit. 

Tax audit insurance can cover professional fees associated with the following:

  • Income Tax Assessment Act 1936 (Cth)
  • Income Tax Assessment Act 1997 (Cth)
  • Taxation Administration Act 1953 (Cth)
  • Fringe Benefits Tax Assessment Act 1986 (Cth)
  • A New Tax System (Goods and Services Tax) Act 1999 (Cth)
  • Superannuation Guarantee (Administration) Act 1992 (Cth)
  • Termination Payments Tax (Assessment and Collection Act) 1197 (Cth)
  • Any legislation of an Australian State or Territory relating to payroll tax

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