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Select one Tank or stack them all!
Built as a modular system, TaxTank lets you manage your different incomes, expenses, properties and investments whilst securely storing receipts and documents year after year to protect against audit from the ATO.

For Property
Investors

For Sole
Traders

For Employees /
PAYG earners

For Cypto &
Share Traders

For Accountants /
Bookkeepers

For Industry
Professionals
Features
General
Attach Receipts to Transactions
Live Bank Feeds
Live Tax & Equity Forecasts
Monthly Budget Planner
Permanent Document Storage
Property
Automated Borrowing Expenses
Automated Depreciation for Property
Land Portfolio to Capitalise Expenses
Manage Investment Properties
Manage Properties in a SMSF or Trust
Property Borrowing Power Calculator
Property CGT Calculator
Property Portfolio Oversight
Property Tax Reports
Real-time Property Schedules
Share Property Calculator
Share with Property Co-owners
Shares & Crypto
Automated Share & Crypto CGT Calculator
Centrally Manage Share & Crypto Tax
Real-Time Tax Report (CGT)
Work Related
Manage Forecasted Work & Other Incomes
Home Office Hour Log
Track Work Incomes & Expenses
Vehicle Logbook & Automated Claims
Sole Trader
Automated Depreciation for Business
Sole Trader Invoices
Manage Multiple Businesses
Monitor Business Expenses
Simple BAS Reporting
Track Prior Year Business Losses
Non-Commercial Loss Calculator
Real-Time Sole Trader Business Schedules
Tax Preparation
Access to Online Accountants
Interactive myTax Report
Invite Your Accountant
Invite Your Advisor
Explore Tanks
Property Tank
Manage your property portfolios and use smart tax tools to ensure no opportunity is missed. Easily see each property’s debt, equity and cash position, and simply manage income from sites like Airbnb and Stayz.
Sole Tank
Manage your sole trader income seamlessly with auto invoicing, business reporting, including unpaid invoices, BAS, roll forward losses, & automated smart tools to let you know how much tax you will have to pay.
Holdings Tank
Manage your stocks, shares and cryptocurrencies so you can track your portfolio value in real time and calculate any Capital Gains or losses automatically. Our tax reports are free with no limits on the amount you track.
Work Tank
Manage your work income and expenses, plus manage logbooks and work from home diaries. Keep receipts safe by attaching them to transactions, maximising tax deductions and safeguarding against audit issues.
Spare Tank
Store documents securely in one place, including employment contracts, insurance policies and receipts. You can rest easy knowing your information is safe and quickly access documents when you need them.
For Professionals
Pricing
Resources
Free Tax Tools
Budget Planner
Home Office Diary
Invoice Template
Investment Property Spreadsheet
Quote Template
Tax Return Checklist
Vehicle Logbook
Partnership with ITP
Tax Return Preparation with ITP
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Explore all articles related to: Tax Deductions

To GST or not to GST: What every sole trader should know!

Many people running their own Sole Trader businesses in Australia are still unsure about whether or not to register for GST. You may be worried that by adding 10% to your prices as a GST-registered business, you will turn off some potential customers. And then there is also the quarterly Business Activity Statement (BAS) to worry about, not to mention the potential for penalties if you fail to get it right. If this sounds like you, then read on for some advice about when to register for GST and some tips on how to make the process simple.

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23/11/2022

Image of paperwork with tax spelt out on gold coins

5 Ways Tax Software Helps Maximise Tax Deductions

The best tax software can help you keep track of your deductions and make sure you’re taking advantage of all the deductions you’re entitled to. This can save you a lot of money come tax time. It can also help you keep track of your tax records so you don’t miss any important deadlines.

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04/11/2022

ATO’s latest tax campaign: What you need to know to avoid the dreaded ATO tax audit

The Australian Taxation Office is targeting taxpayers who may have made mistakes on their tax returns and could be at risk of a tax audit. In this blog post, we will discuss what you need to know about the ATO’s latest tax campaign.

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27/10/2022

QLD Government announces Land Tax for Australian property investors!

From 30 June 2023, the QLD Government intend to calculate land tax on the total value of your Australian land. This includes your taxable land in Queensland and any land located in another state or territory.

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27/07/2022

Property investor tax returns just got a whole lot easier, better and less expensive

Tax time is stressful for a lot of people. But if you’re a property investor, it can be even more so. Not only do you have to worry about your own tax return, but you also have to think about the investment property and how it will affect your taxes.

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06/07/2022

A tax expert’s 5 top tips to maximise what you get back this tax time.

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.

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05/07/2022

How to avoid tax time stress and not miss a deduction

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.

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04/07/2022

Doing your own tax return is a key to financial success

When it comes to tax time, many people feel like they are at a loss. They don’t understand the tax system and feel like they’re not in control with little power to do anything to actually control how much tax they pay.

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30/06/2022

Work-from-home tax deductions top of mind as ATO cracks down

New research from cloud-based tax software TaxTank reveals that 50% of Gen X’s, 40% of Millennials, and 30% of Baby Boomers intend on claiming work-from-home (WFH) expenses this tax year.

The findings coincide with a recent statement from the ATO saying it would scrutinise WFH expenses this tax year with millions of Australians having pivoted to remote and hybrid work environments due to COVID-19.

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07/06/2022

Investment property deductions: How to pay less tax and turn more profit from your investment

Property investors aren’t always aware of the full gamut of investment property deductions that they are entitled to. In this blog post, we will discuss some of the most common investment property deductions and how you can take advantage of them.

Read Article

02/06/2022

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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.

Select one Tank or stack them all!

General

Property

Shares & Crypto

Work Related

Sole Trader

Tax Preparation

Explore all articles related to: Tax Deductions