Beda Audit Cover
Protection from unexpected compliance costs
Protection from the unexpected
Audits can occur any time for businesses and individual taxpayers. These events can create a lot of stress and anxiety. Our audit cover ensures you are not out of pocket for professional fees in the event of an audit. If an audit occurs, our team will take care of everything leaving you with peace of mind that there will be no unexpected bills.
What is Covered?
1. Income Tax Audits
The most common audit category, ATO audits can effect individuals and businesses with unexpected costs and timeframes
2. BAS Audits
BAS audits can be quite common, especially when claiming high amounts of GST on new asset purchases. Our coverage will reduce the burden of these events.
3. Payroll Tax Audits
Each state government has there own regulations when it comes to payroll tax. If your business is liable for payroll tax, our audit cover will protect you against additional fees.
4. Workers Compensation Audits
A growing area of audit risk are workers compensation audits. Getting workers compensation insurance right can be tricky, however we can reduce the burden should you be selected for audit.
Terms & Conditions
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The audit cover period covers any audits that commence between 1 July and 30 June of the year the cover is purchased.
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Additional taxes, duties or other liability arising from an audit is not covered by this policy, nor does Beda indemnify you for any such amounts.
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The audit cover protects you from professional fees associated with an audit by one of the following organizations:
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Australian Taxation Office
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Revenue NSW
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Victoria State Revenue Office (SRO)
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Queensland Revenue Office (QRO)
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Revenue WA
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Revenue SA
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State Revenue Office of Tasmania
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ACT Revenue Office
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Territory Revenue Office (TRO)
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icare
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WorkSafe Victoria
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WorkSafe QLD
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WorkCover WA
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ReturnToWorkSA
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WorkSafe Tasmania
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WorkSafe ACT
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NT WorkSafe
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