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Taxly.ai

Taxly.ai

Taxly.AI is an AI-driven tax assistant that simplifies tax filing and management for individuals and small businesses in Australia.

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About Taxly.ai

Taxly.AI is an AI-powered platform designed to streamline tax filing and financial management in Australia. It helps individuals, small business owners, and accountants optimize deductions, automate tax submissions, and stay organized with their finances. Features include automatic tax calculation, personalized savings tips, expense tracking, and seamless integration with accounting systems.

How to Use

Create an account using Google, Apple, or email, verify your email address, connect your bank accounts through Basiq, input details about your work and expenses, and let Taxly.AI analyze your data to identify deductions and prepare your tax return.

Features

  • Customized recommendations to maximize tax savings
  • Expense tracking and detailed management
  • Analysis of ATO tax return data
  • Automated tax submission process
  • Seamless integration with accounting software
  • AI-driven identification of tax deductions

Use Cases

  • Managing finances for small businesses
  • Filing individual tax returns efficiently
  • Supporting accountants with streamlined workflows

Best For

Small business ownersCertified Public Accountants (CPAs)Individual taxpayersFreelancersSelf-employed professionals

Pros

  • Enhances tax deduction maximization
  • Reduces time spent on tax tasks
  • Provides tailored financial insights
  • Access to expert CPA support
  • Secure, intuitive user interface
  • Simplifies the tax filing process

Cons

  • Dependent on Basiq for bank statement access
  • Mobile app development is ongoing
  • May require time to learn for new users

FAQs

What is Taxly.AI and how does it work?
Taxly.AI automates tax filing and deduction calculations, making the process faster and more accurate for users.
How can small businesses benefit from Taxly.AI?
It saves time, helps maximize deductions, and ensures compliance with Australian tax laws.
In what ways does AI enhance Taxly.AI's features?
AI provides personalized saving recommendations, analyzes bank data, and identifies potential deductions automatically.
Is Taxly.AI secure for handling sensitive financial data?
Yes, it employs two-factor authentication and integrates securely with Basiq for bank statement access.
Can freelancers and self-employed individuals use Taxly.AI?
Absolutely, it is designed to assist freelancers and self-employed professionals with their tax management.