Track work-related expenses with Australia’s first automated tax software
Track your work-related expenses, organise your receipts and see how your deductions affect your calculated tax position throughout the year.
TaxTank is more than a work-related expense tracker. It brings together your employment income, work-related expenses and other taxable income to give you a more complete view of your tax.
- No Credit Card Required
- Built for Australian taxpayers
As seen in
More than a basic work-related expense tracker
Most expense trackers show you how much you have spent. They do not show you how your work-related expenses may affect your overall tax position.
TaxTank does both.
Connect your bank accounts, allocate work-related expenses and attach your receipts. TaxTank organises your deductions using Australian individual tax return categories and includes them in your live tax calculations.
As your income and deductions change, your estimated tax position changes with them.
- Work-Related Expenses
- Vehicle Logbook
- WFH Smart Diary
- Receipt Storage
Stop trying to find everything at tax time
Work-related expenses can easily get lost among your personal transactions, emails, bank statements and receipt folders.
By the time you prepare your tax return, it can be difficult to remember what you purchased, why it was work-related or where you stored the receipt.
TaxTank helps you manage your expenses as they happen.
Live bank feeds bring your transactions into one place so you can identify and allocate work-related expenses throughout the year. You can attach receipts directly to transactions and create rules to automate recurring expenses.
Instead of rebuilding your records every July, your work-related expenses and supporting documents are already organised.
Track work-related expenses and see how they affect your tax
TaxTank gives Australian employees the tools to manage their employment income, expenses, deductions and tax records in one place.
Live tax calculations
See your calculated tax position throughout the year based on your employment income, deductions and other taxable income.
Work expense tracking
Allocate work-related expenses from connected bank accounts and create rules to automate recurring transactions.
Employment income and HECS/HELP
Track wages, allowances, salary sacrifice and pre-tax deductions, including your estimated HECS or HELP repayments.
Work-related assets
Manage work-related assets costing more than $300, with automated depreciation calculated over the applicable effective life.
Vehicle expenses
Track work-related kilometres and expenses with a compliant vehicle logbook, and use amortisation schedules to identify vehicle loan interest.
Accountant collaboration
Keep your income, deductions and supporting records organised, and invite your accountant to collaborate directly in TaxTank.
Home office expenses
Record your working-from-home hours and manage apportioned expenses using Australia’s first digital home office diary.
Receipts and tax records
Attach receipts to individual transactions, store other documents securely in your Spare Tank and access live tax reports throughout the year.
Track and organise your work-related expenses
Work-related expenses are often mixed with everyday spending across personal bank accounts. TaxTank uses secure Open Banking connections to bring your transactions into one place, where you can allocate expenses using Australian individual tax return categories and attach the relevant receipts.
Track expenses including:
- Work-related vehicle expenses
- Travel between workplaces
- Clothing, uniforms and protective equipment
- Tools and equipment
- Professional registrations and memberships
- Training and self-education
- Mobile phone and internet use
- Working-from-home expenses
- Union fees and professional subscriptions
- Other expenses related to earning employment income
Create bank rules to automatically allocate recurring transactions, such as memberships, phone bills and software subscriptions, so fewer expenses are missed.
Whether an expense is deductible depends on how it relates to earning your income, any private use and the records you keep. You remain in control of what you record and claim, while TaxTank handles the underlying calculations.
See how your deductions affect your overall tax
Your work-related expenses are only one part of your tax position. TaxTank brings together your employment income and deductions, along with other recorded income from investments, government payments, trusts, partnerships and directors’ fees.
When you add other TaxTank products, you can also include investment properties, sole trader income, shares and cryptocurrency for a more complete view across your financial life.
Compare your forecast and actual tax positions throughout the year so you can identify changes and plan ahead.
Built for the way Australian employees actually manage money
Work-related expenses are rarely kept in one neat account. They are usually mixed with groceries, subscriptions, bills and other personal transactions.
That is why TaxTank connects your work deductions to the rest of your financial information.
Basic expense tracker
- Records what you spent
- Uses general expense categories
- Stores receipts separately
- Requires manual expense entry
- Tracks purchases only
- Shows an expense total
- Helps you prepare at tax time
TaxTank
- Connects expenses to your calculated tax position
- Uses Australian individual tax return categories
- Attaches receipts directly to transactions
- Imports transactions through live bank feeds
- Tracks employment income, deductions & other taxable income
- Shows how your recorded deductions affect your calculated tax
- Helps you stay organised throughout the year
Know where you stand before tax time
You should not have to wait until your tax return is prepared to understand your estimated tax position.
TaxTank helps you track your employment income, organise your work-related deductions and monitor your calculated tax position throughout the year. No more trying to reconstruct your expenses from old bank statements. No more searching different folders for receipts. No more waiting until tax time to find out where you stand.
It's easy to get started!
TaxTank gives Australian employees the tools to track employment income, work-related expenses, deductions and tax records throughout the year. For just $9 per month, paid annually, you can manage your work-related income and expenses in one place.
- Free Trial
- No Credit Card Required
- Cancel Anytime
WORK TANK
Simply add Work Tank so you can manage your work-related income and expenses in one simple platform.
$9/month*
Paid Annually
What people say about Australia’s first purpose built tax software that calculates tax in real time
Frequently asked questions
What is a work-related expense tracker?
A work-related expense tracker helps you record expenses related to earning your employment income. It may also help you categorise purchases and store supporting receipts.
TaxTank goes further by including your recorded work-related expenses in your estimated overall tax position alongside your employment income and other taxable income.
What work-related expenses can I track?
You can track expenses such as work-related vehicle costs, travel between workplaces, tools, equipment, uniforms, protective clothing, professional memberships, self-education, phone and internet use, working-from-home costs and other expenses related to earning your employment income.
Whether an expense is deductible depends on your circumstances, its connection to your work and the records you hold.
How is TaxTank different from a basic expense tracker?
A basic tracker generally records purchases and adds up how much you spent.
TaxTank uses Australian individual tax return categories and connects your recorded income and deductions to your estimated tax position. It also includes bank feeds, bank rules, receipt storage, depreciation, work diaries, logbooks and tax reports.
Can I connect my bank accounts?
Yes. You can securely connect supported Australian bank accounts using Open Banking.
Transactions from your selected accounts are imported into TaxTank so you can identify work expenses, allocate them to the relevant categories and attach supporting documents.
Can TaxTank automatically allocate recurring expenses?
Yes. You can create bank rules to automatically allocate recurring transactions.
For example, you could create a rule for a regular professional membership, software subscription or apportioned phone expense.
You should still review your transactions to make sure they have been allocated correctly.
Can I attach receipts to my expenses in TaxTank?
Yes. You can attach receipts and supporting documents directly to individual transactions.
You can also use your Spare Tank to securely store other records and documents that are not attached to a specific transaction.
Does TaxTank decide whether every expense is deductible?
TaxTank helps you organise expenses using Australian tax categories and applies the relevant calculations. However, whether an expense is deductible depends on your circumstances, how it relates to earning your income, any private use and the records you maintain.
You should review your information and seek professional tax advice when required.
Can I track work-related assets and depreciation?
Yes. TaxTank can manage work-related assets costing more than $300 and calculate depreciation across the applicable effective life.
This removes the need to maintain separate manual depreciation spreadsheets.
Can I track vehicle expenses with TaxTank?
Yes. TaxTank includes a compliant vehicle logbook for recording work-related kilometres and vehicle expenses.
If your vehicle is financed, you can also use an amortisation schedule to identify the interest component of your loan repayments.
Can I track working-from-home expenses with TaxTank?
Yes. Work Tank includes Australia’s first digital home office diary, which helps you record your working-from-home hours and maintain the supporting records required for your calculation.
We will also have a dedicated Work From Home Tax Calculator page explaining these feat
Does TaxTank track my employment income?
Yes. You can track your wages and manage adjustments such as allowances, salary sacrifice and other pre-tax deductions.
Your recorded employment income is included when TaxTank calculates your estimated tax position.
Can TaxTank include my HECS or HELP repayments?
Yes. TaxTank can include your HECS or HELP balance and estimated compulsory repayments as part of your live tax calculations.
What if I earn income from other sources?
TaxTank can also track income from trusts, partnerships, directors’ fees, government payments and investments.
Additional Tanks are available for investment properties, sole trader activities, shares, cryptocurrency and personal finance management.
Can I give my accountant access?
Yes. You can invite your accountant to collaborate using the information recorded in your TaxTank account.
Does TaxTank lodge my tax return?
No. TaxTank helps you track, calculate and prepare your tax information, but it does not lodge your tax return.
You can use your organised records and reports when preparing your return through myTax or working with your accountant.
Is TaxTank designed for Australian tax?
Yes. TaxTank is Australian tax software built by Australian accountants around Australian individual tax return categories and tax rules.
Is Work Tank only for people who work from home?
No. Work Tank is designed for Australian employees who want to manage their employment income and work-related deductions.
Working from home is one feature. You can also track work-related travel, vehicle use, equipment, professional memberships, training, phone expenses and other employment-related costs.