How it Works
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
Integrations
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
Read our latest articles
ATO’s Data-Matching DebtThreat Crackdown Sounds Alarm Bells. Learn What To Do If You Receive One.
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The 2025 Australian Guide to Mastering Investment Property Accounting
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Lack of Transparency in Compliance Programs as ATO Secures $999 Million in Budget
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Tax News and Updates

Stay updated with the latest tax news, expert tips, and tricks to maximise your returns. Explore our blog for insights on tax strategies, property investment, and more.

Thinking about selling? Capital Gains Tax (CGT) explained

Capital gains tax has a way of hitting property sellers like a bolt from the blue when it comes time to sell their cherished investment property. Indeed, CGT often feels like an unjust attack on your profits. Nevertheless, knowing how capital gains tax is calculated, and how to reduce the potential amount of CGT when selling your investment property, might just leave you with a bigger grin on your face and a larger portion of your capital gains.

27/05/2022

More than half of Australians ‘fearful’ at tax time

New research reveals that over half of Australians (56%) are worried and fearful when it comes to lodging their tax returns with missed deductions, not knowing whether to expect a tax refund or bill, and making a mistake being flagged as the leading causes.

27/05/2022

How to use MyTax and maximise your return this year!

Tax time is nearly here and the stress levels are mounting for ordinary Australians who want a fast and accurate way to lodge their tax return. And not just any old tax return but one that ensures you claim every possible deduction to which you are entitled.

26/05/2022

Top 5 reasons to utilise technology to manage your tax return

Preparing a tax return can mean very different things to different people. For some, it spells doom and gloom. A worrying time of year where missed deductions, lost receipts, and uncertainty means they end up paying more tax than they need to, or worse.

26/05/2022

How to avoid being the subject of a dreaded ATO audit

You’ve read it in the news. You’ve heard people talking about it. Those in the know urge you not to dismiss it. Being the subject of an ATO audit is not to be dismissed as a trivial matter. It can and does happen.

19/05/2022

Let’s focus on car claims this upcoming tax season for a moment

This year, the ATO is focusing on two specific areas in relation to car claims. The first is ensuring that taxpayers are only claiming the work-related portion of their car expenses. The second is making sure that taxpayers are not claiming private expenses as work-related expenses.

18/05/2022

New data shows cost of living savings are top of mind this tax season

Australians plan to save their tax returns this year despite not knowing nor actively planning to maximise what they receive, according to TaxTank

New research from cloud-based tax software TaxTank reveals over half (56%) of Australians find tax time stressful, with the notion of missed deductions causing the greatest degree of anxiety.

12/05/2022

How to maximise your tax return using myTax

When it comes to tax time, only around one in four Aussies choose to lodge their own tax return. Because the ATO receives around 10 million tax returns every year, that means 7.5 million people don’t trust their own ability when it comes to lodging the best tax return possible.

05/05/2022

What’s on the ATO hitlist in 2022? Car claims!

If you use your car for both work and private purposes, you can only claim the percentage of car expenses that relate to work. For example, if you travel 100 km in a day and 50 km of that is for work, you can only claim 50% of your car expenses.

04/05/2022

Local accountant creates software to help everyday Australians pay less tax

A Gold Coast tax accountant is saving Australians time, stress and money at tax time with a new low-cost, easy to use tech software, TaxTank.

The cloud-based Software-as-a-Service (SaaS) platform transforms tax management and the end of year tax return into an automated, stress free process to help individual taxpayers claim their fair share of the billions refunded each year.

30/04/2022

The uncomfortable truth: Why the cost of living package could cost Australians in the future

The Federal Government’s $8.6 billion cost of living package was the centerpiece of this year’s 2022 Federal Budget address. From temporary cuts of the fuel excise, to an expansion of the low and middle-income tax offset, the package contains various support measures aimed at easing rapidly rising cost of living expenses and business input costs.

30/03/2022

Top 5 random deductions you can claim

Many Australians miss out on tax deductions every year, simply because they are unaware of the possibilities. This is understandable because some of the potential deductions you can claim are actually pretty random and out there!

08/12/2021

Capital Gains Tax explained

Capital gains tax (CGT) is one of the many important factors that a property investor must take into account when making big investment decisions.

08/12/2021

Top 7 tax tips for property investors

Becoming tax confident is the key to making your property portfolio work harder for you, so here are 7 tips for property investors to make your life easier when it comes to property tax!

01/12/2021

Why rental insurance is an important part of owning a rental property

Property investment can bring great financial rewards, but having tenants live in your property is also very risky business. Rental insurance is an important part of owning a rental property because it safeguards you and your property manager against financial risks.

19/11/2021

How to beat the ATO at their own game

Most people remain unaware of their financial position and wait until the end of the financial year to start thinking about their tax return, which gives the ATO a really unfair advantage. Here’s how to beat the ATO at their own game.

12/11/2021

5 steps to building a successful property portfolio

A successful property portfolio doesn’t happen overnight, but with a great plan, a solid strategy and ongoing review of your circumstances, your property portfolio can secure your financial freedom. Here are our 5 steps to building a successful property portfolio!

03/11/2021

Are you confident you’re claiming every possible tax deduction?

Do you know how much tax you’ll pay this year? Would you like to pay less tax?

Tax is not fun, it’s not fair and it’s far from easy. Well it was anyway.. but we’re going to change all of that with one simple software solution, TaxTank.

31/10/2021

Choose your poison: stamp duty or land tax?

Housing affordability continues to be a hot topic and the often-raised suggestion of replacing stamp duty on the sale of a property with a universal land tax is back on the table.

29/10/2021

What is the cost of free? What the ATO doesn’t tell you about MyTax ….

Australians are all about fairness and unfortunately the numbers suggest our system is far from fair. The problem is that most taxpayers don’t realise how the system works, how many taxes they actually pay nor the extent of their eroding privacy.

28/10/2021

How to choose the accounting software that’s right for your firm

No two accounting firms are the same; they all have different business values, different goals, and different ideal clients. So how do you choose the accounting software that’s right for your firm? Fortunately, there are some must-have features that will boost business at any accounting firm regardless of size, clientele or budget.

25/10/2021

The top 5 deductions property investors must not miss out on

Knowing which deductions you can claim each financial year is the key to maximising the profits from your investment property. If you’re feeling confused and overwhelmed because your rental properties aren’t performing as predicted, then it’s likely you’ve been missing out on some important deductions!

23/09/2021

How to deliver exceptional service to your individual clients

Delivering exceptional service to your individual clients is difficult because they tend to pass through but once a year… However, exception service is the foundation for long-term growth and profitability for accounting firms so we all need to get better or risk losing more and more clients to the ATO’s MyTax.

08/09/2021

What is cloud computing and how can it help your deliver better service?

In 2019, 90% of companies were on the cloud. By 2021, it’s predicted that 94% of workloads will be processed by cloud data centres. It’s a big buzzword with even bigger

05/08/2021

Aussie startup launches new software to help accountants fight back against ATO automation

A Gold Coast startup has officially launched a new tax software to give accounting firms access to powerful tax tools that will transform the way they work and stem the loss of clients to the ATO’s automation tools.

01/07/2021

Aussie startup tackles property and investment tax pain

A Gold Coast startup, has officially launched a new tax software to change the way taxpayers monitor, manage and control their tax obligations.

30/06/2021

3 of the biggest struggles for accounting clients

Do you just want someone to be your tax guide; a trusted resource and a problem solver who’s always got your back? Most people see accounting as a stressful and

06/04/2021

Should you list your investment property on Airbnb?

Are you thinking about embracing the short-term holiday-let model? Airbnb has shaken up the hotel industry, but it also has the potential to power up your property investment strategy. In

06/04/2021

5 common errors property investors should avoid

Investing in property to pave your way to financial freedom is never going to be an exact science, and with the potential for great rewards you must accept that there

02/04/2021

Man holding a key to his first investment property

How to afford your first investment property

If you want to afford your first investment property this blog outlines the boxes you need to tick to ensure you are on the right track.

31/03/2021

TaxTank is the only software on the market where you can see your tax position all year round.

Company

Legal

Support

Resources

Compare

ATO’s Data-Matching DebtThreat Crackdown Sounds Alarm Bells. Learn What To Do If You Receive One.

Read Article

The 2025 Australian Guide to Mastering Investment Property Accounting

Read Article

Lack of Transparency in Compliance Programs as ATO Secures $999 Million in Budget

Read Article

Tax Tips and Tricks

Subscribe to receive regular tax tips and tricks so you’re confident you’re paying the least amount of tax possible.

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

Tax News and Updates

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