Tax Audit Insurance for you and your clients

When a review lands, your fees don’t have to*

When the ATO or a state revenue office initiates an audit, review or investigation, time and costs can escalate quickly. Tax Audit Insurance helps cover the professional fees to prepare responses, gather records, liaise with authorities, and manage the process—so your firm (and your clients) aren’t left out of pocket

If a client gets reviewed, the workload spikes—gathering records, answering questions, going back and forth. Tax Audit Insurance helps cover your professional fees so you can do the work properly without awkward conversations.

Who it’s for

  • Your firm: Cover your own professional time and external costs when your practice is audited.

  • Your clients: Offer a client policy so they can claim for your fees if they’re audited—strengthening relationships and smoothing difficult conversations.

What it typically covers

  • Professional accounting fees to respond to ATO and state revenue audits, reviews, or investigations

  • Preparation of documents, submissions, and correspondence

  • Liaison with the ATO/SRO and representation throughout the process

  • Reasonable external specialist costs where required (per policy wording)

Note: Fines, penalties, and tax shortfalls are generally not covered.

Common audit triggers

GST and BAS reviews, income tax audits, employer obligations (PAYG/SG), payroll tax, stamp duty, land tax, and data-matching enquiries.

How it works

  1. Add cover: Choose a limit that fits your firm and client base.

  2. Audit happens: Notify us with the authority’s letter or request.

  3. We support the claim: We (with PSC) confirm cover, outline documents needed, and manage the claim with the insurer.

  4. You focus on the work: Get on with the technical response while the policy helps cover your professional fees.

Why Abacus + PSC

  • Built for accountants: Limits and wording suited to practice realities.

  • Client-ready: Simple options to offer audit cover to your clients.

  • Claims advocacy: PSC manages lodgement and negotiations, keeping you updated end-to-end.

  • Fast setup: Streamlined quotes, clear documents, and easy renewals.

Tell us about your firm (or client group) and the level of cover you need. We’ll arrange options through PSC and get you set up quickly.

Disclaimer: Subject to eligibility, terms and limits. Check the PDS for inclusions and exclusions.

Add Tax Audit Cover →
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FAQs

  • No. PI covers advice-related claims; Tax Audit Insurance covers professional fees to handle audits and reviews.

  • Yes—set up a client policy and invite clients to opt in at renewal or onboarding.

  • The audit/review notice, engagement details, time records, and any supporting correspondence.

  • Structures vary. We’ll set it up to match your model.

  • No—this is about professional fees.