Audits happen often, and can happen to anyone - even you. No business is exempt.
GET QUOTEWhen the ATO comes knocking, the costs can pile up fast. The average audit can cost businesses thousands of dollars in professional fees—fees that go towards accountants, tax advisors, and legal representation. Tax audit insurance is designed to cover these professional fees when responding to an audit.
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With the introduction of AI-driven scrutiny in 2024, the chances of businesses being audited have never been higher. The ATO is using advanced technology to identify even the smallest discrepancies in tax returns. Tax audit insurance is an option available to you to protect yourself from the financial impact of an audit.
Unexpected audits can be disruptive for your business, tax audit insurance is designed to remove the financial burden associated with these events. With cover options available from $170, you have the option to insure your business against financial stress, allowing you to focus on what really matters—growing your business.
At Thriday, you have access to top-notch tax professionals who will guide you every step of the way. Whether it’s navigating the complexities of an audit or ensuring compliance with ATO regulations, we’ve got your back. Rest easy knowing that Thriday’s experts are in your corner.
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Thriday has partered with AuditCover to provide cover for the Professional Fees of tax specialists that assist with the response to your audit or review, these include your; Accountant, Tax Agent, BAS Agent, Bookkeeper and Tax Lawyer.
There is no policy excess or deductible applied if you make a claim.
The policy is designed to cover audits, investigations and reviews of:
and more…
Thriday has partered with AuditCover, an insurtech insurance underwriting agency, delivering smart tax audit protection.
Your insurance is issued by Auditcover Australia Pty Ltd on behalf of the insurer, HDI Global Specialty SE, who are locally established and regulated with an A+ credit rating and a strong local presence across Australia and NZ.
AuditCover is a regulated entity, their Australian Financial Services licence number is 535509.
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