At TaxTank, we’re thrilled to announce our new partnership with ITP Accounting Professionals (ITP), Australia’s leading income tax refund specialists. This collaboration marks a significant step forward in delivering a
We are thrilled to introduce the TaxTank Property Widget, an innovative custom white-label product developed in collaboration with Hotspotting, one of Australia’s leading property platforms. This cutting-edge tool seamlessly integrates
Tax time can be a challenge. The ATO’s aim is to collect as much tax as possible. The aim of most Australian taxpayers is to pay only as much as they have to. Navigating the rules is especially difficult for individuals and sole traders that don’t have teams of tax specialists on hand to wade through the requirements. For property investors, the complexities can be quite a burden. 41.9% of total revenue collected in 2020 ($231.2b) was collected from individual taxpayers, excluding property taxes. This is 2.4 times more than businesses paid.
Are you already thinking about the extra money you could be receiving at tax time? Tax time is approaching and for millions of Australians this year could deliver a nice bonus thanks to the boost of a tax offset announced in the recent federal budget.
If just the thought of tax time makes your stress levels rise, you are not alone according to new research conducted by cloud-based tax software, TaxTank.
The recent survey of 1000 Australian taxpayers revealed more than half (56%) find tax time stressful with missed deductions the leading cause of stress ahead of not knowing if they will receive a tax refund or bill and making a mistake.
Australian fintech TaxTank allows property investors to monitor their overall equity, cash position and tax position in real time to make smart investment decisions and maximise their tax deductions. Get their top tax time tips here.
Australian fintech TaxTank allows property investors to monitor their overall equity, cash position and tax position in real time to make smart investment decisions and maximise their tax deductions.
With the real estate environment in Australia changing rapidly with inflation and rising interest rates, property investors will likely have some important decisions to make in the coming months, and cloud-based tax management software TaxTank is here to help.
With so much speculation in the air regarding the Australian property market, investors are certainly starting to think about where their portfolios stand and where to next. Research from Australian fintech startup TaxTank shows that investors are of two minds – while 54% list property market crash among their top three concerns, only 22% list it as their primary concern.
New research reveals that despite 75% of property investors reporting that they will lodge their return through an accountant this year, many are still feeling stressed at tax time.
New research reveals that a huge 63% of property investors are feeling concerned about rising interest rates, and with more interest rate rises projected over the next few months, the pressures aren’t going to ease any time soon. The research, commissioned by Australian fintech startup, TaxTank, also showed that 40% of property investors are concerned about the cost of living and more than one in ten fear they may have to sell.
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TaxTank Pty Ltd ABN 43 633 617 615 is not a registered tax agent, a registered Business Activity Statement agent or a registered tax (financial) adviser as defined under the Tax Agent Services Act 2009. Any advice provided on the TaxTank platform (including this website) is only of a general nature and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation.
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