Individual tax software that brings everything together
Individual tax software should give you the complete picture, especially when your income, deductions and investments are spread across different places.
TaxTank brings your employment, sole trader activities, investment properties, shares, cryptocurrency and personal deductions together to calculate one complete estimated individual tax position throughout the year.
Choose the Tanks that suit your circumstances and manage it all in one connected platform.
- 14 Day Free Trial
- No Credit Card Required
One software that connects every part of your financial life
Your individual tax position is based on your total income, deductions, investments and other taxable activity for the financial year.
That means your salary cannot always be considered separately from your sole trader income, rental properties or investment gains. A change in one area can affect the tax result across everything else.
TaxTank connects the information recorded in each of your Tanks to calculate one estimated individual tax position.
Depending on the Tanks you use, your calculation can include:
- Salary, allowances and PAYG tax withheld
- Work-related expenses and deductions
- Sole trader income, expenses and business losses
- Rental income, property expenses and negative gearing
- Dividends and other investment income
- Capital gains and losses from property, shares and cryptocurrency
- Carried-forward capital losses
- HELP repayments, Medicare levy and other supported tax obligations
As you update your records, TaxTank recalculates your live position so you can see how each part contributes to the overall result.
Instead of waiting until tax time to bring everything together, you can understand where you stand throughout the year
As seen in
Property Tank
Own property? Property Tank brings all your investments together, no matter how they’re held.
Track income, expenses, and cash flow, monitor performance like capital growth and yields, and maximise deductions automatically. Manage DIY projects, borrowing costs, and shared properties including Airbnb or Stayz rentals.
With live property values powered by CoreLogic, instant CGT calculations, and secure storage for all your documents, Property Tank makes managing your portfolio simple and stress-free.
Work Tank
For employees who want to manage their salary, PAYG withholding and work-related deductions.
Track home office expenses, vehicle use, depreciating assets, allowances and other employment income while monitoring your estimated tax position.
Sole Tank
Built for sole traders, freelancers, and side hustlers, Sole Tank tracks your live tax position so you always know how much tax you’ll need to pay throughout the year. It manages multiple businesses and makes invoicing effortless.
Allocate expenses, manage assets with automated depreciation, log home office and vehicle costs, and track carry-forward losses automatically. Get live BAS reporting, detailed transaction reports, and securely store all your business documents in the Spare Tank. Take the stress out of business finance and stay in control all year round.
Money Tank
Money Tank is the budgeting and financial management powerhouse inside TaxTank. It brings together your personal, property, work, and business budgets, linking them with live bank feeds, tax insights, and investment data.
No more juggling apps or spreadsheets. Money Tank makes budgeting simple. Track your spending, stay on top of bills, and work toward your financial goals — whether that’s building savings, paying off debt, or hitting your ideal equity or LVR target.
From everyday expenses to property and business budgets, Money Tank pulls everything into one clear view so you can see where your money goes, how it flows, and how it builds long-term wealth.
Holdings Tank
Investments made easy. Holdings Tank tracks your shares, crypto, and unlisted assets in one place. See live portfolio performance, calculate CGT automatically, manage income like dividends or staking, and create custom tickers for any unique investments.
Connect with Sharesight to sync your trades, track losses, and access live CGT reports year round. Stay organised and make smarter investment decisions effortlessly.
Spare Tank
Spare Tank is your secure hub for all financial documents and receipts. Connect it to any Tank to keep everything organised, accessible, and ready when you need it.
Which Tanks do you need?
Your TaxTank subscription can grow with your financial life. Here are some common combinations.
I earn a salary
Start with Work Tank to manage PAYG income, tax withheld and work-related deductions.
Add Money Tank if you also want to manage personal spending, budgets and financial goals.
I am employed and have a side hustle
Combine Work Tank and Sole Tank to see how your salary, PAYG withholding and business activity contribute to the same live tax position. No more guessing on how much tax you have to pay.
I am a sole trader
Use Sole Tank to manage income, expenses, invoices, GST, BAS information, assets, loans and business deductions.
You can manage up to six sole trader activities under your ABN.
I own an investment property
Use Property Tank to manage rental income, expenses, loans, depreciation and ownership details while tracking property performance and estimated tax outcomes.
Add Work Tank if you also want to include your employment income and deductions.
I invest in shares or cryptocurrency
Use Holdings Tank to record investment activity, income and carried-forward capital losses while estimating capital gains and losses using FIFO calculations.
Combine it with your other Tanks to see how investment activity contributes to your broader individual tax position.
My finances include a bit of everything
Choose the Tanks that apply to you and manage them through the same TaxTank account.
Your employment, sole trader, property and investment information can contribute to one estimated individual tax position, while Money Tank helps you manage the personal finance side.
One software that can change with you
Your financial life will not always stay the same.
You may begin with a salary, start earning side income, purchase an investment property or begin investing in shares. TaxTank lets you add another Tank when your circumstances change without moving your existing records to a different platform.
You only subscribe to the Tanks you need, and bundle discounts apply when you use more than one.
Build the individual tax software stack you need
TaxTank pricing starts from the equivalent of $6 per month, billed annually. Each Tank manages a specific part of your financial life. Use one or combine several for a more complete view of your tax and personal finances.
TaxTank is also 100% tax deductible 😉 so it’s a win, win.
- 2 Tanks - get 5% off
- 3 Tanks - get 10% off
- 4 Tanks - get 15% off
- All Tanks - get 20% off
PROPERTY TANK
Manage property income and expenses
$15/month*
WORK TANK
Manage work income and expenses
$9/month*
SOLE TANK
Manage sole trader income and expenses
$9/month*
MONEY TANK
Manage budgets, cash flow and financial goals
$6/month*
HOLDINGS TANK
Manage CGT for shares, crypto and other assets
$6/month*
SPARE TANK
Upload important documents and receipts
FREE WITH ANY PAID TANK
See why Australians use TaxTank
TaxTank helps Australians understand their individual tax position while keeping the different parts of their financial lives connected.
Frequently asked questions
What is individual tax software?
Individual tax software helps people manage the income, deductions and other financial information that contributes to their personal tax position.
TaxTank connects supported employment, sole trader, property and investment information to calculate an estimated individual tax position throughout the financial year.
Who is TaxTank designed for?
TaxTank is designed for Australian employees, sole traders, freelancers, contractors, side hustlers, property investors and people who invest in shares or cryptocurrency.
You choose the Tanks that match your circumstances.
Can TaxTank combine different types of income?
Yes. TaxTank can bring together supported employment, sole trader, property and investment information within one estimated individual tax position.
The information included will depend on the Tanks you use and the records entered or allocated to your account.
Do I need every Tank?
No. You only subscribe to the Tanks that apply to you.
You can start with one Tank and add others when your circumstances change. Bundle discounts apply when you subscribe to more than one.
Does TaxTank lodge my tax return?
No. TaxTank does not lodge tax returns.
It organises your information and provides reports that can help you prepare to self-lodge through myTax or give the relevant information to your accountant.
Can I use my own accountant?
Yes. You can invite an accountant you already know and trust to access your current TaxTank information.
Is there a free trial?
Yes. You can try TaxTank free for 14 days without entering a credit card.
Choose the Tanks that fit your life
Start with what you need today and add more as your income, investments and financial goals change.
TaxTank connects the relevant parts so you can see how they contribute to your estimated individual tax position throughout the year.
You don’t need to know tax. You just need TaxTank. It knows the rules, so you don’t have to.