QuickBooks vs TaxTank

QuickBooks vs TaxTank

It’s that time of year again. The dreaded tax returns period has reared its ugly head. Stress levels are sure to be rising for Australian taxpayers. So, this year, why not find a fast and accurate way to lodge your tax return and take the stress out of tax time? Choosing the best tax software for lodging your tax returns can be tricky. But by considering TaxTank, you will ensure that it is a stress-free time and that you claim every possible deduction.

In the task of finding the best tax platform, you might well think about how QuickBooks compares to TaxTank. QuickBooks is an accounting software package designed for small to medium-sized businesses. 

Whereas TaxTank is a software company designed for Australian taxpayers looking to get the most out of their tax return. TaxTank is for the people. If you’re in business or a salary earner, TaxTank will provide whatever is needed when it comes to getting you the best possible tax return. 

TaxTank

TaxTank is an Aussie software company dedicated to creating solutions to help everyday Australians claim their fair share, legally. TaxTank has broken down the tedious activity of tax returns into really cool software that is super easy to use and understand. 

QuickBooks

QuickBooks is a web-based accounting software package that controls all aspects of the financial side of the business. It has been designed for small and medium-sized businesses. 

But how do they stack up against each other? Let’s find out!

Pricing

TaxTank has been built as a modular system, so you only pay for what you need. The Essentials subscription is $9/month and then you can add or upgrade as your financial situation requires.

The QuickBooks Simple Start Package starts at $22/month and has been created for small-medium businesses. For the average Australian taxpayer, it might not be the most cost-effective option. At $9/month TaxTank provides a more affordable, user-friendly, and feature-rich service for lodging your individual tax return. 

Capabilities

The most important asset you can have at tax time is access to a superior tax platform that is both intuitive and easy to use. It should not only guide users through their input of data, but also provide taxpayers with the tools they need to get the best outcome for their return.

Detailed itemisation

TaxTank guides both new and experienced users through the process of filing their tax returns online. Its user interface and navigation options are reverse engineered from the individual tax return, so it works on far better than QuickBooks which runs off a chart of accounts for a profit & loss report.

Live data feeds

TaxTank and QuickBooks both have access to live data feeds from your bank but QuickBooks system to set this up is not as user friendly as TaxTank and is very time consuming during initial setup. 

Secure document storage

Permanent document storage is offered by TaxTank, whereas QuickBooks offers safe and secure cloud storage capacity, but it is at an increased cost. 

TaxTank gets you the best possible tax returns

Every professional tax platform should provide speed, security and stability. Choosing the right tax platform is an important decision. 

  • Speed – TaxTank has superior process efficiency and time-saving.
  • Security – As a tax platform, it’s important to keep your user’s data secure. TaxTank offers permanent and secure document storage.
  • Stability – Lodge through MyTax with 100% confidence. 

Final thoughts

If you want to learn more about how to optimise your tax return, visit TaxTank today. With our easy-to-use platform and expert support, we’ll help you get the most out of your tax return this season.