ITP Accounting Professionals partners with TaxTank to deliver digital-first approach

ITP Accounting Professionals partners with TaxTank to deliver digital-first approach

ITP Accounting Professionals (ITP), Australia’s foremost income tax refund specialists, have announced its partnership with TaxTank, an innovative cloud-based software, to revolutionise tax management for individual taxpayers.

Over 300,000 ITP clients across Australia can now streamline their tax and investment management digitally with TaxTank. This integration allows for real-time handling of finances, eliminating the traditional end-of-year tax slog and enabling continuous, live advisory services throughout the year.

These clients are now part of TaxTank’s rapidly expanding user base, which includes individuals, property investors, and sole traders, and has grown by more than 279% in the last 12 months.

The collaboration between ITP and TaxTank signifies a pivotal shift towards a digital-first approach in tax management. Manual data entry and paperwork not only consume significant time but also increase the risk of errors, leading to potential penalties and client dissatisfaction. Digital solutions streamline these processes by automating data entry and providing instant access to up-to-date financial information.

Walter John Bailey, Founder of ITP Accounting Professionals, expressed enthusiasm about the partnership, stating, “Partnering with TaxTank represents a significant milestone in our commitment to breaking barriers and delivering unparalleled value to our clients. By harnessing cutting-edge technology, we are poised to redefine the tax landscape, offering clients seamless access to their financial and tax data year-round, reducing the risk of client unintentional errors and saving time when submitting returns.”

Nicole Kelly (pictured), Founder of TaxTank, echoed the sentiment, emphasising the platform’s role in providing individuals with transparency and empowerment in managing their taxes year-round. “Our platform empowers taxpayers to proactively navigate their tax obligations with confidence, eliminating the stress and uncertainty associated with tax time. We see a natural fit with ITP, given their national presence and dedication to providing seamless tax solutions across Australia. ” she remarked.

With TaxTank’s user-friendly interface and comprehensive features, individuals can effortlessly track income, expenses, investments, and more, ensuring compliance and optimising tax outcomes. This partnership signifies a paradigm shift in tax management, where clients can bid farewell to the annual tax rush and embrace a proactive, digitally-enabled approach to financial stewardship.