TaxTank is an innovative Australian tax and personal finance software designed to empower individuals in managing their finances with ease and confidence. Founded in 2019 and officially launched in late 2021, TaxTank was created to simplify tax preparation, provide year-round tax insights, and offer a secure platform for storing important documents. With a modular system that includes Tanks for managing different income streams, expenses, properties, investments, and more, TaxTank aims to revolutionize the way individuals approach tax management.
With a team led by tax specialist Nicole Kelly, TaxTank advocates for a fairer and more transparent tax system, helping everyday Australians claim their fair share legally. The software offers a range of services, including managing property portfolios, work income and expenses, sole trader income, stocks, shares, and cryptocurrencies. By providing automated smart calculations, secure document storage, and real-time tax position tracking, TaxTank ensures users can maximize deductions and make informed financial decisions throughout the year.
Through continuous innovation and a commitment to simplifying tax management, TaxTank has introduced features like Bank Rules, Holdings Tank for tracking shares and cryptos, and custom tax reports. The software’s user-friendly interface, customizable Tank subscriptions, and integration with Open Banking make it a comprehensive solution for individuals looking to take control of their finances, minimize tax liabilities, and stay organized year-round.