Tax software for Australian employees
Your payslip shows what you earned and how much tax was withheld. It does not show your complete individual tax position.
TaxTank’s Work Tank brings your salary, PAYG withholding, allowances and work-related deductions together so you can understand where you stand throughout the financial year.
Now you can manage your employment income and monitor your live tax position throughout the year with Australian built tax software for employees in Australia.
- No Credit Card Required
- Built for Australian Employees
More than the tax withheld on your payslip
Work Tank brings your employment income, tax withheld and work-related deductions together so you can see how they affect your live tax outcome throughout the year.
With Work Tank, you can:
- Manage salary, wages, allowances, bonuses and commissions
- Combine income and PAYG withholding from multiple employers
- Manage foreign work-related income in any currency and automatically convert to AUD for ATO reporting
- Update income forecasts when your circumstances change
- Record your HELP balance and estimate repayments
- Organise work-related deductions using Australian tax-return categories
- Connect eligible bank accounts and categorise transactions
- Attach receipts and supporting documents
- See whether you have tax payable or a refund at the end of financial year
You can also manage your sole trader activity, investment properties, shares and cryptocurrency so your complete individual tax position is calculated all at once.
Super easy to use, and I love that it automatically tracks my deductions.
As seen in
Manage your employment 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
The tax withheld by your employer may not reflect your complete tax position, particularly if you have multiple jobs, receive allowances or bonuses, have HELP debt or claim work-related deductions.
Work Tank brings your employment income, PAYG withholding, income forecasts and deductions together. You can connect eligible bank accounts, categorise expenses using Australian tax-return categories and attach receipts throughout the year.
TaxTank automatically applies Australian individual tax calculations to your records and updates your live tax position as your information changes, helping you see whether you may have tax to pay or receive a refund.
If you add other Tanks, your sole trader income, investment properties, shares and cryptocurrency can also contribute to the same live individual tax position.
Claim more from working at home
Work Tank includes a built-in home office diary so you can record your working-from-home hours and expenses as you go.
Switch between the fixed rate and actual cost methods to compare the result and choose the method that gives you the highest deduction. TaxTank applies the relevant calculation and keeps the hours, expenses, assets and supporting records required by the ATO together in one place.
You can also see how your working-from-home deduction affects your live tax position throughout the year.
Claim more from work-related vehicle expenses
Work Tank lets you record your work-related kilometres, vehicle expenses and logbook information as you go.
Switch between the cents per kilometre and logbook methods to compare the result and choose the method that gives you the highest deduction. TaxTank applies the relevant calculation and keeps your kilometres, expenses, business-use percentage, receipts and supporting records together in one place.
You can also see how your vehicle deduction affects your live tax position throughout the year.
Claim work assets and depreciation properly
Work Tank lets you record laptops, tools, equipment and other work-related assets, including their purchase details, work-use percentage and supporting documents.
TaxTank applies the relevant tax treatment based on the asset information entered, calculating whether the deductible amount can be claimed immediately or depreciated over time.
Your assets carry forward across financial years, with depreciation automatically included in your live tax position until the asset is fully claimed or disposed of.
Tax software for employees that does more than record transactions
Employment income is often only one part of your financial life. You may also run a side business, own an investment property or invest in shares and cryptocurrency.
Add the Tanks that apply to you and TaxTank brings each area into the same live individual tax position. You only subscribe to what you need and can add another Tank when your circumstances change.
Connect eligible bank accounts through secure Open Banking feeds to import transactions, categorise expenses, create rules and attach receipts throughout the year.
If you earn employment income overseas, TaxTank can record foreign income and convert it into Australian dollars so it can be included in your live individual tax position.
When tax time arrives, generate organised reports to help you prepare for myTax or share your current records directly with your accountant.
Connect your employment income to the rest of your financial life
The tax withheld by your employer is only one part of your individual tax position.
Your work-related deductions, sole trader activity, investment properties, shares, cryptocurrency and other income can all affect whether you may have tax to pay or receive a refund.
TaxTank’s separate Tanks allow you to connect the areas that apply to you.
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 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.
Your employment, business, property and investment information contributes to the same calculated individual tax position.
Instead of viewing your payslip in isolation, you can see how each part of your financial life affects your overall tax position.
One fixed price for Work Tank
Getting started with Work Tank is simple and affordable. Work Tank costs $108 per year so you can access all the specialised tools you need to manage your work income and expenses effectively.
- 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 why Australian employees use TaxTank
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?
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
Your payslip only shows what your employer knows.
Work Tank brings your employment income, PAYG withholding, deductions and other supported tax information together so you can understand your estimated position throughout the year.
Keep your records organised, see what may be affecting your tax and prepare for tax time before it arrives.
You don’t need to know tax. You just need TaxTank. It knows the rules, so you don’t have to.