The nice thing about many of these apps is that they let you fill in details in your own time. Because they run natively on the iPhone as opposed to in a browser, there’s no pressure to complete everything in one shot.
Believe it or not this year there’s even an app called TapTax that can help you submit your tax return too.
It’s actually astounding, when you think back about how far we’ve come, that an app is capable enough to help with your tax. I’m not sure the accounting profession is being disrupted but it demonstrates how far we’ve come in a short period of time.
TapTax is a slick app that lets you lodge your Australian tax return directly from your iOS device. While the app is a free download, submitting a tax return will actually cost $77, payable through the app using PayPal.
TapTax uses a simple process that guides you through the input of data. For example, you use the camera to take a photo of your group certificate. The app then asks you some other simple questions, and requires that you use your finger to ‘virtually’ sign the documents.
Once the process is complete, TapTax uploads all of your information to the server where it is reviewed by a Chartered Accountant and lodged with the Australian Tax Office.
The app itself is a slick creation, but we didn’t get a chance to actually try out the service. Additionally, no reviews were present on the App Store listing at the time of writing, so your mileage may vary.
My Tax Return is an app that helps you calculate your tax return. It includes two calculators for the price of one (or the price of a quarter-cup of coffee!); a detailed 2012 tax refund estimator and a quick calculator to help you calculate your tax based on your income for 2012 and 2013.
The app is universal so it works well on both the iPhone and iPad and caters for both basic and more sophisticated users. For example, you can input specific areas for different types of incomes including payment summaries, allowances, interest and dividends.
There’s also a handy passcode lock to make sure all your income data is protected.
Similar to My Tax Return, the Income Tax Calculator app also helps you calculate your tax for the 2012 and 2013 financial years.
On top of many standard features provided, ITC lets you print, email a tax report and view your data as charts for easier analysis. As the name suggests, it also supports both Australia and New Zealand.
In my eyes, my Tax Return is the better looking app with more sophisticated design.
If you use the ITP company to process your annual tax return its app might be a useful addition to your iPhone. Like the other apps in this review, the ITP app provides access to ITP Mate, ITP’s online Australian Tax Calculator where you can enter your income details to calculate your tax return. In addition, ITP Mate lets you enter vehicle, home/office and expense log books.
The app also uses GPS to determine your closest ITP branch and lets you call or email with one tap.