Audit Insurance

As you know, Lowensteins is constantly searching for ways to provide the best possible service to our clients. Audit Shield is, a tax audit insurance solution which provides cover in the event of an tax audit, enquiry, investigation or review. Recently we sent you correspondence in relation to Audit Shield as an extension of our services. If you haven’t participated in this excellent service, we want to ensure that you have not inadvertently overlooked the opportunity to protect yourself. We are experiencing a period of greater ATO surveillance across the whole tax community and with increased focus and funding from the Federal government, audits are becoming much more the norm than previously. With much more sophisticated technology the ATO can pinpoint with great accuracy clients that they wish to select for an audit. In the coming weeks, you will receive additional correspondence in relation to Audit Shield. We have started to roll out letters to our Melbourne clients and in the New Year we will be circulating to our Sydney clients. It is not compulsory to participate although we recommend that you take the time to carefully consider this opportunity and decide if it is right for you.