Being a sole trader sounds simple. Until it isn’t

TaxTank gives sole traders a live, ATO-aligned view of profit, tax, deductions, GST, and business performance, so you can stop guessing and actually understand your numbers.

Most tools track your sole trader business activity,

they don’t calculate your tax

Most sole traders start with a simple setup. One income stream, a few expenses, maybe a spreadsheet or basic accounting software.

But those tools are built for businesses… not individuals who still need to lodge a personal tax return.

So while you’re tracking income and expenses, the parts that actually matter for your tax often get missed.

Things like vehicle use, working from home, asset depreciation, and how it all flows into your personal tax position.

As things grow, it gets harder to keep track.

You add more income, more expenses, maybe equipment or even a second business… and suddenly you’re managing everything across different tools.

You might know what came in and what went out.

But do you actually know your numbers?

Most sole traders don’t have clear answers.

Because tracking business activity isn’t the same as understanding your personal tax outcome.

As seen in

Stop tracking activity,
start understanding your numbers

TaxTank is built differently.

Instead of just tracking income and expenses, it structures everything the way the tax system actually works for individuals.

It applies the correct ATO tax treatment as transactions happen.

That means your income, expenses, GST, asset purchases, vehicle use, working from home, and depreciation all feed into one connected tax outcome in real time.

So instead of waiting until tax time…

You know exactly where you stand, all year round.

What changes when sole traders switch to TaxTank

A clear, live tax position

See your profit, tax position, and what you need to set aside in real time, not just at year-end.

Deductions handled properly

Vehicle use, working from home, depreciation, and other deductions are applied correctly as you go.

Assets and write-offs done right

From equipment purchases to instant asset write-offs, everything is treated correctly under ATO rules.

Multiple businesses, properly separated

Run multiple income streams or businesses without mixing everything together.

GST and BAS without the guesswork

Transactions are mapped correctly, and reports align with ATO labels, so BAS becomes predictable.

One connected
financial view

Your business, PAYG and personal income, property, and investments all connect into one overall tax outcome.

What this means in real life

Instead of “keeping up” with your sole trader business, you can actually understand it.

You can answer:

Instead of just tracking transactions, you can see what they actually mean.

That’s the difference between staying organised and being in control.

Most tools tracks transactions,
TaxTank calculates your tax correctly

A clean dashboard doesn’t mean your tax is right.

Most tools stop at tracking activity.

TaxTank does the heavy lifting behind the scenes so your tax outcome is correct from day one.

Built for businesses and companies
Tracks income and expenses
Leaves tax to year-end or accountant
No support for vehicle or WFH deductions
Manual spreadsheets for depreciation
GST tracked separately from tax outcome
One business view only
Doesn’t factor in PAYG, property or investments

Built for sole traders and individual tax
Applies correct ATO tax treatment
Real-time tax visibility
Vehicle and WFH handled properly
Depreciation and assets handled correctly
GST and tax fully connected
Multiple businesses, clearly separated
All income calculated into one tax position

You don’t need another tracker. You need sole trader tax software that gives you visibility and tax clarity

TaxTank helps sole traders stop guessing, stop backtracking, and stop relying on tax time to understand where they stand. Because recording the transaction is only half the job. The tax outcome is where the value sits.

It's easy to get started!

Getting started with TaxTank is simple and affordable.

For just $9/month, you get access to the best sole trader tax software that lets you manage your sole trader income and tax.

SOLE TANK

Simply add Sole Tank so you can manage your sole trader tax in one simple platform.

$9/month

Paid Annually

What people say about Australia’s first purpose built sole trader tax software that calculates individual tax in real time

Rated 5 out of 5

“I recently joined Tax Tank, I have two small businesses and Tax Tank is affordable and easy to use once you learn the basics. The online support has been phenomenal, thank you Nicole. Everything was explained to me in an easy to understand manner. Any problems that have come up, usually my errors, the team helped me sort them out quickly and efficiently. Tax Tank has a great invoicing system and I can easily upload all my receipts for purchases and don’t have to keep photocopying and storing receipts anymore. I highly recommend giving Tax Tank ago.”

Sharon Anning

“Tax Tank has given me confidence to run my small business with ease and transparency. The incredible women who run this business have been absolutely amazing to work with and are friendly, professional and go above and beyond. Its a breeze to navigate and thats coming from someone who's genius zone is with people not on computers. I recommend them to everyone, they have seriously turned working for myself into a dream. The freedom and empowerment I've gained, now managing and thriving in my business is all thanks to Tax Tank. The ability to manage everything in one place creates ease and takes all the confusion out of something that has caused me fear and anxiety in the past. Hats off to the creators of Tax Tank, outstanding business and service!! If you aren't already all over Tax Tank for your business then you need to get onboard! Thank you, thank you, thank you!!”

Bianca Young

“I switched from using Hnry as I was sick of not being able to get support for days at a time and I found it an uphill battle to get all of my expense claims through. Especially the ones that I thought were obvious as a sole trader. I like that I can allocate my income and expenses and keep an eye on how much tax I need to put aside. Now I can earn interest on that money instead of paying it to the ATO early.”

Susa Åua

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Frequently asked questions

How is TaxTank different from accounting software?

Most accounting software is built to track business activity.

It records income and expenses, then leaves the tax treatment to be worked out later.

TaxTank is the first sole trader tax software built for individuals. It applies the correct ATO tax treatment in real time, so your deductions, assets, GST, and overall tax position are calculated properly as you go.

Does TaxTank replace my accountant?

TaxTank gives you the option to lodge your tax return yourself, so you may not need an accountant for basic compliance.

If you prefer, you can still work with your accountant and invite them into your account to review and lodge on your behalf.

Either way, your data is already structured and tax-ready.

Can I track multiple income streams or businesses?

Yes. You can create multiple businesses or income streams and keep them clearly separated, while still seeing how everything contributes to your overall tax position.

Does TaxTank handle deductions like vehicle use and working from home?

Yes. TaxTank is built to handle common sole trader deductions properly, including vehicle use, working from home, and other expenses, so they are reflected correctly in your tax position.

How does TaxTank handle assets and depreciation?

Asset purchases are recorded against the correct business and treated properly under ATO rules.

This includes depreciation, instant asset write-offs, and how those deductions impact your tax position in real time.

Does TaxTank handle GST and BAS?

Yes. Transactions are mapped correctly for GST, and reports align with ATO labels so your BAS is clear and predictable.

Can TaxTank show my full tax position, not just my business?

Yes. TaxTank combines your business with other income sources like PAYG salary, property, and investments into one connected tax outcome.

This gives you a complete picture of your overall tax position.

What happens if I move from a sole trader to a company?

You don’t need to start again.

You can keep tracking everything in TaxTank and simply exclude the business from your personal tax calculations if your structure changes.

This means no rebuilding, no switching systems, and no lost history.

Is TaxTank built for Australian tax rules?

Yes. TaxTank is built specifically for Australian users and applies ATO-aligned tax logic across your business and personal tax position.

Don’t miss out on property tax opportunities.

Try TaxTank for a free 14 day trial to feel confident about your tax position and transform the way you think about property tax.

Being a sole trader sounds simple. Until it isn’t

Most tools track your sole trader business activity,

they don’t calculate your tax

Stop tracking activity,
start understanding your numbers