Taxly.ai: AI Tax Filing Assistant for Australia

Taxly.ai is an AI-driven tax assistant that automates Australian tax filing, uncovers hidden deductions, and keeps your finances organized year-round.

AI For Finance AI Assistant AI Tax Assistant AI Accounting

Overview Capabilities Features Use Cases Pricing Pros & Cons How to Use FAQs

Overview

Taxly.ai reimagines tax season for Australians by putting artificial intelligence at the center of the filing process. Rather than manually sorting through receipts and bank statements, users connect their financial accounts securely via Basiq, and the platform's AI scans transactions to surface deductions, categorize expenses, and prepare an ATO-ready tax return. This removes much of the guesswork and tedium traditionally associated with filing, especially for people juggling side income, contract work, or small business operations. Beyond individual filers, Taxly.ai is built to serve small business owners, freelancers, and even accounting professionals looking to speed up client workflows. Its integration with existing accounting software means the tool can slot into a broader financial stack rather than replacing it entirely, while automated expense tracking keeps books current between filing periods. The result is a smarter, faster path from raw financial data to a completed, optimized tax return. What sets Taxly.ai apart is its focus on personalization—rather than generic checklists, it analyzes each user's actual spending and income patterns to recommend deductions and savings strategies specific to their situation. For CPAs, this can mean less manual data entry and more time for higher-value advisory work; for solo filers, it can mean confidence that they're not leaving money on the table.

Capabilities & Features

AI tax assistant
Tax filing
Tax deductions
ATO
Tax accounting
Expense management
Financial management
Tax return
BAS
Tax deductions Australia
ATO deductions app
Home office expenses ATO

Core Features

Automated end-to-end tax filing
AI-driven deduction identification
Personalized tax savings recommendations
Expense tracking and categorization
Accounting software integrations
ATO tax return analysis

Use Cases

Filing a personal income tax return without a manual accountant
Tracking and organizing deductible expenses for a small business
Reconciling freelance or contract income for annual tax filing
Speeding up client tax preparation workflows for CPAs and bookkeepers
Identifying overlooked deductions from historical bank transactions

Best For

Individual tax filers
Small business owners
Freelancers and contractors
Certified Public Accountants (CPAs)
Sole traders managing their own bookkeeping

Pros

•Automates much of the tax filing process, saving significant time
•Uses AI to surface deductions users might otherwise miss
•Connects directly to bank statements via Basiq for accurate data
•Integrates with existing accounting software for smoother workflows
•Useful for both individual filers and accounting professionals

Cons

•Relies on third-party bank connections, which some users may be hesitant to authorize
•Currently tailored specifically to Australian tax rules, limiting global use
•AI recommendations may still require professional review for complex tax situations
•Effectiveness depends on the completeness of connected financial data

How to Use

Create an account using Google, Apple, or email, then verify your email address. Securely link your bank statements through the Basiq integration. Answer a few questions about your employment status, income sources, and expenses. Taxly.ai's AI engine then reviews your financial data, flags eligible deductions, and prepares your tax return for review and submission.