TaxTank: An Australian tax app that calculates your tax live

Manage your income, deductions, rental properties, sole trader activity and investments in one place, using the TaxTank tools that match your financial life.

Connect Australian bank accounts through Open Banking, organise your records and see your calculated tax position update as your information changes.

Know where you stand throughout the year, with reports to help you prepare for myTax or work with your accountant.

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 calculated tax position so you can see where you stand throughout the year.

You don’t need to spend your year learning tax rules. TaxTank already knows them.

As seen in

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.

Investment properties

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, calculated capital gains and the overall tax effect of your portfolio.

Sole trader income and expenses

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.

Employment income & work expenses

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 calculated tax position.

Shares and cryptocurrency

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.

Personal finances

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:

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.

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

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

Comparing your options? Read our guide to the best tax apps in Australia for a breakdown of year-round tax tools, record-keeping apps and tax-return services.

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 calculated tax position change as the year progresses. This can help you:

Build TaxTank around your financial life

TaxTank pricing starts from the equivalent of $6 per month, billed annually.

TaxTank is also 100% tax deductible so it’s a win, win. Choose the Tanks that match your needs. Prices are shown as monthly equivalents, with subscriptions paid annually. Check each Tank’s inclusions before choosing your subscription.

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

Rated 5 out of 5

TaxTank helps Australian taxpayers move beyond spreadsheets, folders and last-minute tax preparation.

“I have been using TaxTank for over a year now to manage our property portfolio. We now proactively manage our income and expenses using the live bank feed allocations in TaxTank so there is little hands-on time needed from me.

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.”

Tammy Van Diest

“Using TaxTank has ensured we have reduced costs and effort at the end of financial year, minimised tax paid as we can now track all expenses and income in one single system and peace of mind knowing we can find everything in one secure place.”

Amanda Thomas

“Ever since I've been using TaxTank, it has made life so much easier. I can't say more than this amazing feature of live bank feeds. It is amazing and a game changer! This has made almost the near impossible of recording all bank transactions now very possible. Another feature I enjoy using is the forward outlook on the depreciation of a property once the initial inputs are stored. It has been an enjoyable and pleasurable experience using TaxTank. Highly recommend.”

Terence Wee

“TaxTank has provided me with a better insight to my portfolio from my expenses management, income and the expected tax return at the end of the financial year ”

George Jimmy Winaulin

“TaxTank can integrate with my accountant, manage multiple property assets, input and manage depreciation schedules, manage vehicle logbook entries, provide tax forecasting for the financial year, connect to my Australian bank account with automatic bank feeds, generate useful reports, and upload documents. I would highly recommend TaxTank to anyone looking for a comprehensive and easy-to-use personal finance software package.”

Stratos Patsikatheodorou

“Anyone who has an income and especially anyone with investment properties will find TaxTank an effective, reliable and convenient tool to use.”

Peter Cullen

Read our reviews on Google

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.

Who is the TaxTank tax app for?

TaxTank is built for Australian individuals who want to manage their tax throughout the year. It supports employees, sole traders, property investors and share or crypto investors through the relevant Tanks.

It is particularly useful when you have several income sources and want to understand how they contribute to your overall personal tax position.

Is TaxTank a mobile app or a browser-based app?

TaxTank is a browser-based tax and personal finance app. You can access it through a mobile browser, although the full experience is designed to work best on a desktop or larger screen.

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.