AB Phillips Policy Coverage

Tax and Government Audit Insurance

AB Phillips Tax and Government Insurance Checklist:

1. Comprehensive cover

AB Phillips offers the most comprehensive cover available including more audit categories and auditing bodies, and a wider range of entities which can be covered. Our policy:

  • covers a range of ATO, federal and state investigations including Income Tax, High Net Wealth reviews, BAS, GST, FBT, Capital Gains, Client Risk reviews, R&D Tax Benefits and Grants, SMSF, Super Guarantee, Centrelink, Child Support, Employment Conditions, Work Related Expenses, Payroll Tax, Land Tax, Stamp Duties, Workers Compensation and QBSA
  • covers accountancy fees incurred in responding to enquiries, questionnaires, audits, reviews and investigations of client’s lodged returns, including those from previous years
  • includes Public and Private entities and Self Managed Superannuation Funds
  • covers high turnover entities - currently up to $100 million
  • provides coverage for multiple shareholders (only need to be a 25% shareholder to be included under the Head entities cover) ensuring protection for larger entities
  • includes coverage for specialist professional fees if tax or superannuation specialists are required for advice, or if lawyers are required for an opinion, defence or appeal
  • covers all of a client’s commonly owned legal entities, directors and their families under the one premium
  • offers 100% coverage. No excess to pay on legal or accountancy fees involved in an audit. Includes appeals and legal defence.

2. Seamless integration

Introducing AB Phillips into your practice couldn’t be easier - we literally do it all from implementation, maximising client take-up, right through to providing data management systems and ongoing reporting and support.

Our systems integrate seamlessly into your management systems with highly streamlined administration and effective reconciliation and reporting.

Already signed up with another provider and want to move to AB Phillips? No additional work or costs are required and there is no need to re-contact existing policy holders.

3. In-house security

We know how important data security is to your practice. It’s the reason we keep everything in-house and why we built our processes from the ground up.

It means no offshore handling of your data, a guarantee of secure printing and mailing directly from AB Phillips and rigorously tested in-house data management, built to the most exacting standards.

All processes and practices are fully FSRA compliant and AB Phillips policies qualify for ASIC relief.

4. Easy claims

AB Phillips offers on-line claims submission and fast payment, with a 14 day Service Level Agreement in place. Disputes are extremely rare and dealt with fairly and effectively using commonly accepted peer assessment procedures.

5. Regular income - zero outlay

AB Phillips audit insurance enables you to generate steady income for your practice with up to 45% conversion rates. (The average across all business types is 20-35%).

You can expect to generate up to $6000 in practice margin per Business Services Partner across the client base.

Full implementation and management support is provided at no cost to your practice (you only pay the postage). And you can be reassured that you will always be offering your client the most affordable and competitive rates.

To talk with us about how AB Phillips can work for your business email or call us on 1300 685 606 today.

Tax and Government Audit Insurance

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