Australian tax app for managing tax all year round
Looking for a tax app in Australia that does more than store receipts or provide a one-off refund estimate?
TaxTank brings your tax and personal finances together, showing how your income, expenses, properties and investments affect your estimated tax position throughout the year.
Built specifically for Australian taxpayers, TaxTank uses live bank feeds and built-in Australian tax rules to help you manage your records, understand where you stand and prepare for tax time.
- 14 Day Free Trial
- No Credit Card Required
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More than a basic Australian tax app
Most tax apps focus on one small part of your tax, such as storing receipts, tracking expenses or estimating a refund.
TaxTank gives you a much bigger picture.
It brings together your income, deductions, sole trader finances, investment properties, shares and cryptocurrency, then applies Australian tax rules and calculations in the background.
As your financial information changes, TaxTank updates your estimated tax position so you can see where you stand throughout the year.
- Track tax-deductible expenses and supporting documents
- See your calculated tax position throughout the year
- Manage employment and sole trader income together
- Track rental properties, shares and cryptocurrency
- Prepare the information needed to self-lodge through myTax
- Invite your accountant or financial advisor to collaborate
You don’t need to spend your year learning tax rules. TaxTank already knows them.
Your tax is bigger than a folder of receipts
Your final tax position is affected by much more than the expenses you remember to claim.
Your salary, PAYG withholding, work deductions, sole trader income, rental properties, depreciation, shares, cryptocurrency and capital gains can all change the result.
When that information is spread across spreadsheets, folders, banking apps and accounting software, it is difficult to understand where you actually stand.
TaxTank brings it together in one Australian tax app, giving you a clearer picture throughout the year instead of leaving you to piece everything together at tax time.
One Australian tax app for your whole financial life
Choose the parts of TaxTank that match your financial life today, then add others as your circumstances change.
See how your investment properties affect your tax position, not just how much rent they generate.
Track rental income, expenses, loan interest, borrowing costs, depreciation, capital improvements and ownership details for each property. TaxTank calculates negative gearing, estimated capital gains and the overall tax effect of your portfolio.
Manage your sole trader finances alongside the rest of your individual tax position.
Track business income, expenses, GST and BAS information while also accounting for employment income, properties, investments and other personal tax obligations.
Track your salary, PAYG withholding, work-related deductions, working-from-home expenses, motor vehicle use and other employment costs.
Keep your records and supporting documents organised while seeing how your deductions may affect your estimated tax position.
Record purchases, sales and other transactions while TaxTank automatically applies CGT calculations to estimate capital gains and losses.
Track carried-forward capital losses and understand how your investment activity may affect your tax.
Create budgets, organise your spending and monitor savings goals using information from your connected accounts.
Because TaxTank brings tax and personal finance together, you can understand more than where your money went. You can also see how different financial decisions may affect your tax position.
See what your financial decisions could mean for tax
Tax affects almost every part of your financial life, from what you earn and spend to the properties and investments you own. Something this significant shouldn’t be ignored all year and squeezed into two stressful weeks at tax time.
TaxTank is designed around the way Australian individuals are taxed. It connects your financial records with the calculations that help you understand where you stand throughout the year, while there is still time to make informed decisions.
See your tax position change
See your calculated tax position update as your income, deductions and investments change throughout the year.
Apply the rules for each financial year
TaxTank applies the relevant Australian tax rates, thresholds and calculations for each supported financial year.
Keep deductions & evidence together
Categorise eligible expenses using individual tax-return categories and attach receipts or other supporting documents directly to the relevant records.
Stay on top of capital gains and losses
Calculate capital gains and losses on property, shares and cryptocurrency, including ownership percentages and carried-forward capital losses.
Understand property tax simply
Manage rental income, expenses, depreciation, negative gearing, borrowing costs, capital improvements and capital gains in one place.
Prepare more complete tax reports
Generate reports that organise the information your accountant needs or help you prepare to self-lodge through myTax.
Spend less time entering transactions manually
Connect eligible Australian bank and financial accounts using secure Open Banking feeds.
Transactions can flow into TaxTank ready to be categorised and allocated to the relevant part of your tax or personal finances. You can create bank rules for recurring transactions, attach supporting documents and keep your records moving throughout the year.
You can also invite the people who help you manage your financial life, including your:
- Accountant
- Property co-owner
- Broker
- Financial advisor
Instead of exchanging outdated spreadsheets, folders and email attachments, everyone can work from the same up-to-date information.
What makes TaxTank different from other tax apps in Australia?
TaxTank is more than a tax expense tracker. It helps you understand how the different parts of your financial life come together for tax.
Basic tax app
- Stores receipts, expenses or deduction records
- Focuses on one part of your tax at a time
- Provides a one-off tax or refund estimate
- Relies heavily on manual entry
- Keeps properties, investments and other income separate
- Offers limited support for more complex tax calculations
- Helps you get organised when tax time arrives
TaxTank
- Connects your income, expenses and supporting records
- Brings your complete individual tax position together
- Calculates your live tax position throughout the year
- Imports transactions through secure bank feeds
- Combines employment, sole trader, property and investment tax
- Applies Australian tax rules and calculations in the background
- Keeps you organised long before tax time arrives
Know where you stand before tax time
Tax should not be something you only think about after the financial year has ended.
With TaxTank, you can see your estimated tax position change as the year progresses. This can help you:
- Understand whether you may have tax to pay
- See how deductions affect your estimated result
- Keep records while the details are still fresh
- Prepare for future tax obligations
- Find missing information before tax time
- Give your accountant more complete records
- Make better-informed financial decisions throughout the year
Build TaxTank around your financial life
TaxTank pricing starts from the equivalent of $6 per month, billed annually. Each Tank manages a specific part of your financial life. Use one or combine several for a more complete view of your tax and personal finances.
TaxTank is also 100% tax deductible 😉 so it’s a win, win.
- Free Trial
- No Credit Card Required
- Cancel Anytime
PROPERTY TANK
Manage property income and expenses
$15/month*
WORK TANK
Manage work income and expenses
$9/month*
SOLE TANK
Manage sole trader income and expenses
$9/month*
MONEY TANK
Manage budgets, cash flow and financial goals
$6/month*
HOLDINGS TANK
Manage CGT for shares, crypto and other assets
$6/month*
SPARE TANK
Upload important documents and receipts
FREE WITH ANY PAID TANK
See why Australians use TaxTank
TaxTank helps Australian taxpayers move beyond spreadsheets, folders and last-minute tax preparation.
It's literally about 10 minutes a week to allocate transactions and I'm on top of my paperwork which means no more spreadsheets or tax time stress.”
Frequently asked questions
What is a tax app?
A tax app helps you record and organise information that may be needed for your tax return, including income, expenses, deductions and receipts.
TaxTank goes further than basic record keeping. It applies Australian tax rules and calculations to show how your income, deductions, properties and investments affect your overall tax position.
What is the best tax app in Australia?
The best tax app depends on what you need to manage.
A basic receipt app may be enough if you only want to store a small number of work-related expenses. TaxTank is designed for Australians who want to understand and manage more of their tax position throughout the year.
It can bring together employment income, work deductions, sole trader finances, investment properties, shares, cryptocurrency and personal finances within the same platform.
How is TaxTank different from other Australian tax apps?
Many tax apps focus on receipt storage, expense tracking or a one-off tax estimate. TaxTank connects more of your financial life and calculates how the different parts may affect your estimated tax position.
It is designed for individuals with employment income, sole trader income, properties or investments, including people whose tax is too complex for a basic expense tracker.
Does TaxTank lodge my tax return?
No. TaxTank does not lodge your tax return or connect directly to the ATO.
It organises your tax information and produces reports that can help you prepare to self-lodge through myTax or provide the relevant information to your accountant.
Can TaxTank calculate my tax throughout the year?
Yes. TaxTank uses the income, deductions and other financial information recorded in your account to calculate your tax position throughout the financial year.
Your estimate updates as your information changes.
Can I use TaxTank for work-related deductions?
Yes. Work Tank helps employees track work-related expenses, working-from-home costs, motor vehicle use and other eligible deductions.
You can attach receipts and supporting documents to help keep your records organised.
Can sole traders use TaxTank?
Yes. Sole Tank is designed for Australian sole traders, freelancers and contractors.
It helps you manage income, expenses, GST and BAS information as part of your complete individual tax position. TaxTank is not traditional business bookkeeping software and is designed for individuals who lodge an individual tax return.
Can I track investment properties?
Yes. Property Tank helps you manage rental income, expenses, loan interest, depreciation, borrowing expenses, capital improvements, negative gearing and capital gains.
You can manage multiple properties and record different ownership percentages where a property is jointly owned.
Can I track shares and cryptocurrency?
Yes. Holdings Tank allows you to record share and cryptocurrency transactions to calculate your capital gains and losses.
You can also record carried-forward capital losses from previous financial years.
Does TaxTank connect to Australian banks?
TaxTank supports live bank feeds for eligible accounts through Open Banking.
Bank and account availability can change, so you should check whether your institution and account type are supported. Transactions can also be entered manually when a live connection is unavailable.
Can my accountant access my TaxTank account?
Yes. You can invite your accountant to collaborate using your up-to-date TaxTank information.
You can also invite a property co-owner, broker or financial advisor where relevant.
How much does the TaxTank app cost?
TaxTank is built using separate Tanks, so you only subscribe to the areas you need.
Annual subscriptions start from $72, and bundle discounts apply when you select more than one Tank.
Is there a free trial?
Yes. You can try TaxTank free for 14 days without entering a credit card.