The Accountancy Insurance Brokers claims team have provided the above pictorial that highlights the statistics in relation to ATO audits and reviews.
It is interesting to see that employer obligation reviews occupy just over one fifth of all claims.
All business owners should consider the need for tax audit insurance which will help cover additonal professional fees in the event of an ATO or State Government review.
Please feel free to contact our office on 9387 5637 should you require any information in relation to tax audit insurance.