Automated tax software for employees in Australia
Your payslip knows your salary. It doesn’t know your life. TaxTank’s Work Tank shows your live calculated tax position, so you can see where you stand before tax time.
- No Credit Card Required
- Built for Australian Employees
Your tax is more than the tax withheld on your payslip
A second job. A bonus. HELP debt. Work expenses. They can all change your tax result, even when payroll has done its job.
Work Tank is the only tax software for employees in Australia that brings these moving parts into one live calculation. Update your income forecast when your salary or hours change, record eligible deductions and see their effect on your tax. It does the calculations a payslip can’t.
Super easy to use, and I love that it automatically tracks my deductions.
As seen in
Manage your income tax throughout the year
Work Tank includes the tools Australian employees need to organise their income, deductions and supporting records before tax time.
Employment income
Record salary, wages, foreign income, PAYG withholding, allowances and other supported employment income from one or more employers.
Income forecasts
Update your expected income and tax withheld to see how a change in salary, hours, bonuses or employment may affect your overall tax position.
Work-related deductions
Organise eligible expenses for working from home, vehicle use, travel, clothing, self-education, tools, memberships and other supported deduction categories.
Work assets and depreciation
Record eligible equipment and other depreciating work assets rather than treating every purchase as an immediate deduction.
HELP repayments
Add your HELP balance and monitor your estimated compulsory repayment based on the income information recorded in TaxTank.
Receipts and documents
Attach receipts and supporting documents to your transactions so your records remain organised for myTax or your accountant.
See your live tax position before tax time
A pay rise, another job or a deductible expense can change the numbers. Work Tank applies Australian individual tax calculations to the information you record, updating your live tax summary as that information changes.
See whether the recorded figures point to tax payable or a refund, and how deductions affect the result. You don’t have to wait until July for the first look.
Claim more from working at home
Working-from-home hours are much easier to record on the day than reconstruct months later. The built-in home office diary keeps your hours, expenses and supporting records together.
Compare the fixed rate and actual cost methods using the relevant information you record, and choose the method you’re eligible to use that gives the higher deduction. Work Tank applies the calculation and includes the result in your live tax position.
Claim more from work-related vehicle expenses
Your car does enough running around. Your records shouldn’t have to. Keep work-related kilometres, eligible expenses, receipts and logbook information in Work Tank as you go.
Compare the cents per kilometre and logbook methods where they apply to you, with the relevant work-use information recorded alongside the calculation. Your vehicle deduction stays connected with your other work expenses.
Claim work assets and depreciation properly
Bought a laptop or new tools for work? Record the purchase, work-use percentage and supporting documents in Work Tank. Not every purchase is an immediate deduction.
TaxTank applies the relevant treatment to the asset information entered, calculating the deductible amount or depreciation over time. Asset records carry forward across financial years, so you don’t have to rebuild the schedule each July.
Tax software for employees that does more than record transactions
Let live bank transactions come to you through Open Banking. Review and categorise work expenses, create rules for recurring items and attach receipts while they’re still easy to find.
If you earn employment income overseas, record it in TaxTank and convert the relevant amounts to Australian dollars. At tax time, generate reports to prepare to self-lodge through myTax or invite your accountant to review your records. Less digging through folders. More of the work already done.
Connect your employment income to the rest of your financial life
A salary, side business and investments can all share one individual tax return. Add the relevant Tanks so their recorded income and deductions contribute to the same calculation.
Manage Australian and foreign sole trader income, expenses, invoices, GST, assets, loans and business deductions.
Create budgets, organise personal spending, monitor bills and payments and track savings, debt, equity and LVR goals.
Manage Australian and foreign investment properties, rental income, deductions, loans, depreciation, negative gearing and CGT.
Manage Australian and foreign shares, cryptocurrency, investment income, and all assets with automated CGT calculations.
One fixed price for Work Tank
Getting started with Work Tank is simple and affordable for just $9 a month.
Work Tank includes employment income, deductions, forecasts, HELP calculations, the home office diary, vehicle records and work-asset tools.
- Free Trial
- No Credit Card Required
- Cancel Anytime
WORK TANK
Simply add Work Tank so you can manage your income tax in one simple platform.
$9/month
Paid Annually
See what people say about Australia's first tax software for employees
TaxTank helps Australian employees replace scattered receipts, spreadsheets and tax-time guesswork with one organised view of their employment income, deductions and estimated tax position.
Frequently asked questions
What is tax software for employees?
Tax software for employees helps people manage the employment income, PAYG withholding, deductions and other information that contributes to their individual tax position.
Work Tank is designed for Australian employees who want to organise their employment tax records and monitor their estimated position throughout the financial year.
What does Work Tank do?
Work Tank allows you to manage salary and wage income, PAYG withholding, allowances, income forecasts, HELP repayments and work-related deductions.
It also includes tools for working-from-home records, vehicle expenses, work assets and depreciation, receipts and tax-time reporting.
Can TaxTank calculate my employee tax?
Yes, TaxTank applies Australian individual tax calculations to the information recorded in your account.
It uses your recorded employment income, PAYG withholding, deductions and other supported information to calculate an individual tax position throughout the financial year.
Is the amount withheld by my employer my final tax amount?
Not necessarily.
Your employer calculates PAYG withholding using the information available through payroll. Your final tax outcome can also be affected by deductions, additional income, HELP repayments, investment activity and other individual circumstances.
Can I manage income from multiple employers?
Yes. Work Tank allows you to record employment income and PAYG withholding from multiple employers.
What happens if my salary changes?
You can update your existing employment income forecast when your salary or circumstances change.
This adjusts your projected income so TaxTank can update your estimated tax position using the revised information.
Does Work Tank calculate HELP repayments?
Work Tank can include your recorded HELP balance and calculate an estimated compulsory repayment based on the relevant information in your account.
Your final repayment will depend on your completed tax return and repayment income.
Can I track work-related deductions?
Yes. Work Tank allows you to organise supported work-related deductions using categories aligned with an Australian individual tax return.
You can categorise expenses, attach receipts and keep supporting records throughout the financial year.
Does Work Tank include a home office diary?
Yes. Work Tank includes a home office diary for recording working-from-home hours and related information.
The diary remains connected with your other work-related deductions and live tax calculations.
Can I calculate my working-from-home deduction?
TaxTank includes supported working-from-home calculations based on the information you record.
You can also use TaxTank’s dedicated Work From Home Tax Calculator to estimate a deduction based on your hours and circumstances.
Can I track work-related vehicle expenses?
Yes. Work Tank includes tools for recording work-related vehicle use, eligible expenses and logbook information.
Whether a trip or expense is deductible will depend on your employment circumstances and the applicable Australian tax rules.
Can I record work equipment and other assets?
Yes. Work Tank allows you to record work-related assets and apply the relevant depreciation treatment based on the information entered.
You can also record work-use percentages, private use and supporting purchase information.
Can I connect my bank account?
Yes. You can connect eligible Australian accounts through secure Open Banking feeds.
Transactions can be imported into TaxTank ready to be reviewed, categorised and allocated. Transactions can also be entered manually when required.
Can Work Tank include my side business income?
Work Tank manages your employment income and deductions.
If you also earn income as a sole trader, you can add Sole Tank to manage the business activity and include its results in your estimated individual tax position.
Can TaxTank include my investment property?
Yes. You can add Property Tank to manage rental income, expenses, loans, depreciation and other supported property information.
Your recorded property results can then contribute to the same live individual tax position as your employment income.
Does TaxTank lodge my tax return?
No. TaxTank does not lodge tax returns or connect directly to the ATO.
It organises your tax information and generates reports that can help you prepare to self-lodge through myTax or provide 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.
Your accountant can work from the records in your account without requiring separate spreadsheets, receipt folders and email attachments.
How much does Work Tank cost?
Work Tank costs $108 per year, equivalent to $9 per month paid annually.
Bundle discounts apply if you add other Tanks to manage your business, properties, investments or personal finances.
Is there a free trial?
Yes. You can try TaxTank free for 14 days without entering a credit card.
Know where you stand before tax time
Keep your work records together and your calculated tax position in view. Make July a review, rather than a receipt hunt.
You don’t need to know tax. You just need TaxTank.