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TaxTank Review

TaxTank
Our score: 8.0 User satisfaction: 97%

What is TaxTank?

TaxTank is a cloud-based tax management platform that gives you the ability to handle your own tax affairs, claim all allowable deductions, and fully eliminate the burden of tax season. Individual taxpayers can manage their taxes in real-time as well as examine and forecast their tax position at any moment. It integrates real-time bank feeds, intelligent tax tools, cloud-based storage, and CoreLogic data to help taxpayers maximize tax deductions and protect against ATO audits.

Through direct lodging to MyTax, TaxTank displays your current tax situation 24/7/365 and offers a permanent archive for receipts and papers to shield you against ATO changes year after year. You’ll be able to save accounting fees and pay the least amount of tax possible thanks to the integrated smart tax solutions. The automated smart calculations, which are supported by Australian tax law, make sure you claim everything to which you are legally entitled without fearing that you’re missing out or making a mistake.

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Overview of TaxTank Benefits

Easy Tax Management

You can use MyTax to automatically generate your tax return for quick, correct filing as well as instantly calculate your projected tax position to highlight methods to maximize deductions. Leverage the depreciation and CGT calculators on TaxTank to enjoy the advantages of tax benefits without the associated hassles. Even if you have many properties, a small business, shares, or cryptocurrency that you want to manage for tax purposes, the platform can help you handle your taxes effectively. Additionally, TaxTank is a modular solution, allowing you to only pay for what you require.

Reduction of Tax-based Expenses

By empowering you to self-manage your income and property taxes, you can eliminate or significantly lower tax-related costs like accountant fees. TaxTank also automatically calculates your expected tax position and provides you with ways to maximize deductions. You can even see your financial condition all year round so you can make informed decisions concerning your money.

Real-time Feed and Smart Forecasting

TaxTank leverages CoreLogic’s market-beating analytics to anticipate the growth of your property even if you have more than one in your portfolio. You can keep track of your spending daily thanks to the live bank feeds which collect them. The platform also offers safe document storage, allowing you to add receipts, statements, and even warranties for a permanent record.

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Overview of TaxTank Features

  • 365 Live tax position
  • Live bank feeds
  • Automated smart tax tools
  • Interactive vehicle logbook
  • Property performance comparisons
  • Equity forecasts for properties & portfolios
  • Permanent document storage
  • Automated property depreciation & borrowing expenses

Awards & Quality Certificates

An award given to products our B2B experts find especially valuable for companies

TaxTank Position In Our Categories

Knowing that companies have distinct business-related wants, it is only rational they abstain from going for a one-size-fits-all, ”best” software solution. Having said that, it is nearly futile to find such an app even among popular software products. The clever step to do can be to make a list of the various vital aspects which require scrutiny like important features, budget, skill ability of the employees, company size, etc. The second step is, you must perform the product research systematically. Go over some TaxTank analyses and check out the other software options in your list in detail. Such detailed product investigation can make sure you steer clear of poorly fit applications and choose the system which has all the function your business requires for optimal results.

Position of TaxTank in our main categories:

TOP 50

TaxTank is one of the top 50 Tax Software products

If you are interested in TaxTank it might also be sensible to analyze other subcategories of Tax Software collected in our database of SaaS software reviews.

Every company has different requirements and needs an application that can be customized for their size, type of employees and buyers, and the particular industry they are in. For these reasons, no platform can offer perfect tools out-of-the-box. When you search a software system, first be sure what you need it for. Read some TaxTank Tax Software reviews and ask yourself do you want basic tools or do you require sophisticated features? Are there any industry-specific tools that you are looking for? Find the answers to these questions to assist your search. There are lots of factors that you need to mull over and these include your budget, specific business requirements, your company size, integration requirements etc. Take your time, try out a few free trials, and finally choose the platform that offers all that you want to boost your company efficiency and productivity.

How Much Does TaxTank Cost?

TaxTank Pricing Plans:

Free Trial

Essential

$9/month

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What are TaxTank pricing details?

TaxTank Pricing Plans:

Free Trial

Essential

$9/month

TaxTank uses a modular approach for its enterprise pricing, allowing users to only choose the features they need. You can get the add-ons on the vendor site and use its calculator to compute your exact monthly fee. The platform’s subscription is 100% tax deductible with a 14-day free trial available to try it out.

Essentials – $9/month

  • Live tax position all year round
  • Live bank feeds
  • Automated smart tax tools
  • Interactive vehicle logbook (maximum vehicle claims)
  • Property performance comparisons (growth & tax)
  • Equity forecasts for properties & portfolios
  • Permanent document storage
  • Automated property depreciation & borrowing expenses

User Satisfaction

Positive Social Media Mentions 0
Negative Social Media Mentions 0

We realize that when you decide to buy a Tax Software it’s vital not only to learn how experts evaluate it in their reviews, but also to discover if the actual people and businesses that use these solutions are genuinely happy with the product. Because of that need we’ve devised our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and TaxTank reviews across a broad range of social media sites. The data is then presented in a simple to understand form revealing how many users had positive and negative experience with TaxTank. With that information at your disposal you should be prepared to make an informed purchasing decision that you won’t regret.

Video

Technical details

Devices Supported

  • Web-based

Deployment

  • Cloud Hosted

Language Support

  • English

Pricing Model

  • Monthly payment

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business
  • Freelancers

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

What integrations are available for TaxTank?

TaxTank integrates with:

  • Live Bank Feeds
  • Depreciation & CGT Tools
  • Lodgement Through MyTax
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Jenny Chang

By Jenny Chang

Jenny Chang is a senior writer specializing in SaaS and B2B software solutions. Her decision to focus on these two industries was spurred by their explosive growth in the last decade, much of it she attributes to the emergence of disruptive technologies and the quick adoption by businesses that were quick to recognize their values to their organizations. She has covered all the major developments in SaaS and B2B software solutions, from the introduction of massive ERPs to small business platforms to help startups on their way to success.

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