Tax Audit insurance

With over 2.2 million Australians claiming almost $50 billion in deductions in the 2017–18 financial year, the Australian Tax Office (ATO) has been increasing the number of audits it conducts every year.

While no insurance can respond to a fine or demand for payment from the ATO, Tax Audit insurance from Guild Insurance is one way you can reduce the financial stress caused by the fees incurred in preparing for any tax audit.