TaxTank Platform News Centre

We’ve expanded the number of banks and financial institutions available to connect to TaxTank through Open Banking.

The latest additions are:

• Alpha Home Loans
• Aussie Elevate
• Connective Select
• NRMA Home Loans
• Alex.Bank
• AMP Bank GO
• Broken Hill Bank
• Police Bank
• Solo by MYOB
• Revolout

If you have an account with one of these providers, you can now connect it to TaxTank and bring your transaction data directly into your bank feeds.

More connections, less manual work

Open Banking connections help keep your TaxTank records up to date without relying on manual transaction entry or CSV imports.

We’ll continue adding new providers as they become available through our Open Banking network, making it easier to keep more of your financial information connected in one place.

For more than seven years, we’ve been building towards something bigger: one connected picture of everything you earn, own and owe, with the Australian tax logic behind every number.

Now, that foundation is opening the door to something exciting.

Now, that foundation is opening the door to something exciting.

This isn’t AI added to TaxTank. It’s TaxTank brought to life.

The next generation will bring smarter automation and meaningful AI across your Tanks. Less manual work. Answers that draw on your financial history. A clearer understanding of how a change in one part of your finances affects the rest.

We’d love you to help shape it.

We’ll soon invite a limited group of active subscribers to try new capabilities and work closely with us during the rollout.

If you’d like to be among the first, register your interest below.

To be eligible, you’ll need to have a current paid TaxTank subscription with no pending cancellation.

You can now track businesses in Sole Tank that aren’t sole trader income, such as simple companies, trusts, or property activities, without affecting your individual tax summary.

How it works:

• Add a business and tick “Exclude from personal tax calculations”
• Enter ABN and GST status, then Save
• Everything else works as usual: connect bank accounts, allocate transactions, and track performance

Use this feature for trusts, partnerships, small companies, commercial property, or any activity reported separately from your personal tax.

New in this release: Profit & Loss reports are now available for all businesses.

More flexibility. More clarity. Still one platform.

We’ve just released a major upgrade inside Sole Tank, making it easier to manage clients from first quote through to payment.

What’s new?

✅ Brand-new Quote Management System
🔎 Upgraded Contacts with better oversight

Everything now works together; quoting, invoicing and client management in one connected flow.

✨ Quotes Are Here

You can now:

• Create professional quotes in minutes
• Track them from Draft → Pending → Accepted → Declined
• Add expiry dates to manage follow-ups
• Duplicate quotes for repeat jobs
• Convert accepted quotes straight into invoices

No external tools. No copy-paste admin.

🔎 Contacts Just Got Smarter

Your Contacts section is now more than an address book, it’s a mini dashboard.

Inside each contact you can now see:

• Total invoices raised
• Total paid
• Outstanding amounts
• Full invoice history
• Internal notes
• Client details in one place

It’s now much easier to:

• Spot unpaid invoices
• Review client activity
• Keep your books tidy

Staying on top of important dates and events just got a whole lot easier. With Money Tank’s new Reminders feature, you can track deadlines, renewals, appointments, and milestones - all in one place.

Add a reminder for anything that matters - personal, property, business, work, or holdings - and it will appear in your calendar and the Money Tank dashboard. You can even attach documents or notes so everything you need is stored together.

Easily filter reminders by Tank, category, property, or business, and narrow them down by type to see exactly what matters most at any moment.

Start adding reminders today and turn your calendar into a working dashboard that keeps you organised and ahead of schedule.

Sole Tank just levelled up 🚀 We’ve added these great new features, and there's a whole lot more on the way:

• Add PayID to invoices: Clients can pay using your email or mobile number, automatically appearing in your invoice payment details.
• Add comments: Include notes, payment terms, or extra details directly on your invoices.
• Copy invoices: Save time by duplicating existing invoices for similar or recurring jobs.
• Delete a business: Easily remove a business when it has no data, keeping things organised.

⚡ Coming soon: You asked. We listened. The next wave of Sole Tank features is on its way.

• Quotes, end-to-end – draft, send, track, accept or reject in one place.
• Automated recurring invoices – set them once and let Sole Tank run on autopilot.
• Automated reminders – gentle nudges, without you doing the chasing.
• Smarter contact management – now with customer-level reporting.
• Email delivery insights – see when invoices are sent and opened.
• Support for non-taxable businesses – ideal for simple trusts or companies.
• More industry-specific categories – from services to commercial property.
• More powerful reporting – clearer insights, fewer spreadsheets.
• And a few surprises we think you’ll love… 😉

Do you have more than one login with the same bank? Or a single login that makes you choose between personal, trust, company, or sole trader profiles? You can now connect them all in TaxTank.

How to add an additional bank profile

1. Go to Banks in your TaxTank dashboard.
2. Locate the existing bank tile.
3. Select the three dots (⋮) on the bank tile.
4. Choose Connect additional profile.
5. Follow the prompts and log in using your bank User ID. If this User ID has multiple profiles, you can log in multiple times, selecting a different profile each time to connect them separately.
6. Confirm the connection.

Once connected, you’ll see another tile for the same bank. Each tile represents a different login profile. Simply add your bank accounts by selecting the three dots (⋮) on the bank tile and choosing Add Bank Accounts.

How to change the name of a bank profile

1. Select the three dots (⋮) on the bank tile.
2. Choose Edit Profile Name, enter the new name, and click Save.

This is completely new functionality and something you won’t find anywhere else who offers Open Banking. It’s perfect for customers juggling multiple trusts, business, or personal accounts.

It’s currently in Beta, so if you run into any issues while connecting additional profiles, let us know.

Managing your money just got easier with Money Tank, TaxTank’s new budgeting and financial management tool.

With Money Tank, you can:

• Track income, expenses, and financial goals in one clear dashboard
• Compare budgets versus actuals, spot trends, and stay in control
• Never miss a payment with automated alerts for upcoming and overdue bills
• Create budgets for any part of your life and monitor progress in real time
• Quickly see where your money is going with easy-to-read visuals
• Plan ahead with a monthly snapshot of income and expenses
• Pair with other TaxTank modules to see the real-time impact of your budgets on tax

Start using Money Tank today and take control of your finances by clicking 'Start Free Trial' from the dashboard or the My Account section!