For too long, property investors have been sidelined and stuck with spreadsheets, manual tax calculations, and software that simply was not built for their unique needs. Now, with the ATO’s push towards real-time data matching, the gap has only widened, leaving property investors scrambling to keep up with tax obligations and missing out on crucial deductions.
That is why we are thrilled to announce the new TaxTank and Sharesight Integration. This collaboration brings together TaxTank’s expertise in property tax management and Sharesight’s industry-leading investment tracking. The result is a fully automated, integrated solution that gives you complete control over your tax position every single day.
Bridging the Gap: Why We Chose Sharesight
In today’s fast-paced investment world, keeping tax and investment data isolated is a recipe for missed opportunities. Sharesight has already revolutionised the way share investors track their portfolios by offering:
- Seamless aggregation of multiple portfolios: Bring together all your investments in one view.
- Automatic dividend tracking: Stay on top of every payout without lifting a finger.
- Comprehensive performance reporting: Gain insights that empower smarter decisions.
These are the same features that property investors have been waiting for. With the TaxTank and Sharesight integration, we are extending this level of automation and clarity to property portfolios. This means:
- A unified experience: Manage property alongside shares, ETFs, crypto, and more from one dashboard.
- Real-time tax insights: Monitor your CGT, deductions, and cash flow with up-to-date information.
- Proactive planning: Stay ahead of the ATO and avoid the last-minute scramble.
This is not just about filling a gap; it is about reshaping the future of tax and investment management so every investor can grow their wealth with confidence.
How the TaxTank and Sharesight Integration works
The TaxTank and Sharesight integration is designed with simplicity and efficiency in mind, eliminating the need for manual data entry and complex spreadsheets. Here is how it all comes together:
Pushing Property Data into Sharesight
- Automatic Custom Investments: Push property data from TaxTank into Sharesight, creating custom investments without any manual effort.
- Real-Time Portfolio Insights: Track rental income, market values, and CGT positions alongside your other investments in one place.
- Complete Investment Performance: Enjoy a full financial picture that spans across asset classes.
Syncing Sharesight Trade Data Back into TaxTank
- Automated CGT Tracking: Seamlessly calculate CGT across property, shares, ETFs, and crypto.
- Live Tax Insights: Know exactly where you stand with real-time tax visibility, ensuring you are never caught off guard.
- Year-Round Tax Reporting: Save time and reduce stress with reports that are always ATO-ready.
Empowering Advisors and Investors Alike
- Effortless Collaboration: Eliminate the need for cumbersome spreadsheets. With live data syncing, both investors and advisors can collaborate in real time.
- Smarter Financial Planning: Accountants and advisors can access up-to-date figures, enabling proactive tax strategies and smarter decision-making.
Why Investors Should Connect Using the TaxTank and Sharesight Integration
This partnership is not just another integration; it is a game-changer for anyone managing a diverse investment portfolio. Here is why connecting the TaxTank and Sharesight Integration is the smart move:
- One Dashboard for Everything: Manage property, shares, ETFs, crypto, and even sole trader income in one seamless interface. No more juggling multiple platforms; get a live view of your tax and investment performance all year long.
- Tax Planning, Not Just Tax Lodging: With the ATO watching in real time, why wait until tax season to act? Monitor your tax position daily, maximize deductions, and sidestep those unwelcome tax-time surprises.
- Built Specifically for Property Investors: Unlike generic business accounting software, TaxTank is designed for property portfolios. It automates complex tasks such as negative gearing, borrowing expenses, depreciation schedules, LVR tracking, and real-time CGT calculations.
- Advanced CGT Tracking for Property: TaxTank goes beyond simple calculations by automating the application of 6,000 pages of tax legislation. This includes grandfathering provisions, cost base adjustments, and CGT concessions based on property usage and ownership structure.
- Seamless Advisor Collaboration: With live, automated investment and tax data syncing, advisors can access the information they need at any time. This means smarter tax strategies, more effective financial planning, and reduced costs.
- ATO-Ready Compliance, Minus the Stress: Enjoy automated transaction syncing, built-in tax law tracking, and audit protection, all designed to keep you compliant without the headache of endless paperwork.
Ready to Transform Your Investment Management?
The integration of TaxTank and Sharesight is not just a new feature; it is a revolutionary way to manage your investments and tax obligations. Whether you are a property investor, share trader, or managing a mix of asset classes, this partnership puts you in control.
Sign up for TaxTank today and unlock the power of our integration with Sharesight. Enjoy real-time tax automation, streamlined portfolio tracking, and a unified dashboard that puts you in control of your investments. Whether you’re a property investor, share trader, or managing a mix of asset classes, our integrated solution empowers you to plan proactively, maximise deductions, and stay ahead of the ATO.
Don’t let outdated processes hold you back. Register now and start experiencing a new era of efficient, automated investment and tax management.
