Each year Elysium offers clients the opportunity to take out audit insurance. This insurance covers clients for the cost incurred by their accountants in responding to any audit from the ATO or any other tax agency.
The policy is usually taken out by the client group and covers all entities involved in the group such as companies, trusts, partnerships and individuals and covers all current and historical events which might be investigated over the next 12 months. Super funds need separate cover but otherwise the premium is charged based on the turnover size of the group.
If you would like to know more about audit insurance or would like to receive a quote, please do not hesitate to contact us.