Best Tax Apps To Kick Off The New Financial Year

Now is the time to learn from mistakes made in the past financial year, so you can thank yourself at the end of next financial year for being savvy! Below is a list of apps we hope you’ll find advantageous:

Wallet – Finance Tracker and Budget Planner

Become your own financial manager with this money-saving, budget-planning and spend-tracking app! Designed to assist you in getting your finances under control from Day 1, Wallet gives you continuous insight to maintain long term control over spending and saving by providing you with your personal expense report.

What makes this wallet unique are special features such as automatic or manual bank updates, flexible budgets that ingeniously react to any changing financial circumstances, reports that provide insight on the state of your finances, selected account sharing with anyone you need to cooperate with on your budget, and loyalty cards can be uploaded with bar-codes so points can be collected all in one account.

Wallet is all about getting your finances under control now, so that you can make wise decisions and plan for the future.

Find the Android app here.

Find the Apple app here.

 

Solo & Smart

Dedicated to simplifying money management for the self-employed, the Solo & Smart platform is a must-have app! Business administration is automated and systemised for sole traders, so they can focus on their area of expertise. This all in one app caters for free quotes, invoices, and receipt collection. It automatically accounts for tax and superannuation, provides detailed business reports, and cash-flow management systems. Solo & Smart also offers a pay as you go insurance option. For people starting or running their own business with limited systems or support, this app is beneficial. And for those that have difficulty saving for tax and struggle if they get hit with a bill they simply can’t pay, Solo & Smart is an absolute game changer. Organise, manage and grow your money with ease!

Find the Android app here.

 

Australian Taxation Office

The ATO app is great for individuals or small business owners to locate relevant tax tools, track and calculate information. Common questions are answered and new or changed tax matters are highlighted for you. Your income tax return can be viewed, updated and lodged, and your super accounts can be consolidated. Loan and income tax accounts can also be tracked. An ABN lookup is also included for small businesses and there is an information search on small business-related tax topics. You can calculate how much tax should be withheld from salary or wage payments and more!

Find the Android app here.

Find the Apple app here.

 

Money Manager Expense & Budget

Designed for both Android & iOS users, Money Manager Expense & Budget is a great app for financial planning, review, expense tracking, and personal asset management. Easily record your business and personal financial transactions, study your daily, weekly and monthly financial data and manage your assets with Money Manager's spending tracker and budget planner. Personal finances are made easy by Money Manager!

Find the Android app here.

 

ASIC’s Money Smart TrackMySpend

If you are one of those people who haven’t been organised with keeping receipts and this limited the amount you could claim, the TrackMySpend app is indispensable in gaining control of your spending. With a range of tools to record every personal and professional expense, you’ll have a better grasp on your spending habits. View your expense history, create spending limits and add tags to create payment reminders and categorise each expense. This app makes tracking cash flow simpler!

Find the Apple app here.         

Find the Android app here.

Selecting Super

No matter what age you are, it is extremely essential that you prioritise one of your largest assets, your superannuation. All the information you need to know about superannuation and choosing the best fund is included in the Selecting Super app. Check you have paid the correct amount when you review your annual superannuation statement. Compare funds to ensure you are getting the best deal. Featured in the Good Superannuation Guide is all the information you need to make sense of a super fund’s investment performance, insurance, fees and extras. Whether you are an employee or employer, this app will help you master your superannuation.

Find the Apple app here.

At Springfree, we are excited to share these smart apps with you and hope they help set you up for success in the new financial year!

A friendly disclaimer: the suggestions within this blog are for general information only and should not be considered financial advice.

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