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Audit Guarantee Plans

For Self Managed Superannuation Funds & Businesses

With the huge growth in Self Managed Superannuation Funds (SMSF’s)  and business in recent years the Australian Taxation Office (ATO) has announced they will increase the focus on these areas.
The Australian Taxation is moving from an education to an enforcement focus and they are getting smarter in how to do it and who to target.
Audits will be targeted to key high risk areas.  Up to one third of new funds will be subject to an audit to make sure they are on the straight and narrow from the word go.  Other areas of focus will include older funds established before 2000.
Having your fund covered by our Audit Retainer Plan will provide much needed peace of mind if your fund is subjected to an audit.  Not only will the trustees be relieved of the question of who is going to deal with the ATO during the audit process, but the costs associated with an ATO audit will also be mitigated as Struck Accounting Co will cover annual audit costs of up to $5000. Your Tax Audit Retainer Plan is a minor cost which will provide you with cover for the next 12 months (GST inclusive). Your plan is fully tax deductible.

Should you have any questions regarding the Tax Audit Guarantee Plan, or you would like a FREE quote on the please contact us at the office on 5551 3777.