Tax Probe Plus
The Australian Tax Commissioner has predicted that 1 in 10 businesses, particularly SMEs, will be subject to some form of tax audit and further crackdown on tax deductions.
Dealing with audits is a time consuming and expensive affair, and could leave your client with an unexpected bill of thousands of dollars as happened in these cases:
| Financial planner | Property owner | Grocer | |
| Premium paid | $400 | $450 | $420 |
| Audit period | 17 months | 16 months | 15 months |
| Claim | $40,000 | $13,729 | $5,391 |
That’s why Vero designed the Tax Probe Plus Insurance Policy.
Tax Probe Plus Insurance Policy Offers
Cover for professional fees associated with audits such as:
- Australian Tax Office Income Tax Audit, Fringe Benefits Tax Audit and Capital Gains Tax Audits
- WorkCover Authority Audit of WorkCover returns
- Payroll Tax Audits
- Optional extension to cover audits of business owners personal tax affairs.
Claims service
- 24 Hours a day, 7 days a week toll free access to our First Response Unit to notify claims - one call and no forms to fill in.
Competitive premiums
- Premiums at a price that’s right for you and your client.
For more information, contact your Vero Business Development Manager.
To obtain a quote log on to e2, or phone the Vero Enterprise Business Centre on 1300 888 071.
Policy Wording
Vero Enterprise Tax Probe Policy PDS
A Product Disclosure Statement (PDS) for Vero Tax Probe Plus is available. You should consider the PDS before deciding to purchase this product. This product is issued by Vero Insurance Limited ABN 48 005 297 807.
