It is important to note that the “garbage in, garbage out” rule still applies – apps should be considered indicative only and not a substitute for professional advice.
Income Tax Calculator (Aussie & NZ)
(iPhone and iPad)
This well regarded app allows calculation of income tax in both Australia and New Zealand, providing information on the Medicare Levy and HELP in Australia and KiwiSaver and Student Loan in New Zealand. It includes the latest data for fiscal 2012 and for previous years back to fiscal 2008.
Produced by Advanced Draw Tech Limited and priced at $1.99, the current version 3.2.1 has 129 ratings at an average of 4.5 stars. User comments include “handy app when negotiating with prospective employees”, “very handy” and “brilliant for a banker”.
BMT Tax Calc
(iPhone, iPad and Android)
The BMT Tax Depreciation Calculator provides an estimate of property depreciation deductions available to property investors. The app allows the investor to estimate how much he or she can claim back, based on calculations completed by BMT Tax Depreciation across Australia.
A free app, the iPhone version currently has 14 ratings for all versions with an average of 4.5 stars. User comments for previous versions include “really helpful for a first time investor”, “easy to use” and “handy but room for improvement”.
The Android version 1.0.1 has three ratings and an average of 5 stars.
(iPhone and iPad)
Developed by a chartered accountant, my Tax offers a comprehensive calculation of Australian tax liabilities for both employees and employers. The app can be used to determine annual personal tax liability, the benefits of salary sacrificing a vehicle using different methods, goods and services tax, fringe benefits tax, BAS, capital gains tax and loan repayments.
Other features include the ability to generate PDF reports and customisable tabs. The developer, A Squared Enterprises Pty Ltd, also offers the simpler app, my Tax Return, solely for personal income tax calculations – and for just 99 cents.
Priced at $8.49, there are currently 64 ratings for all versions of my Tax at an average of 3.5 stars. User comments include “as an accountant this is the essential application purchase”, “love all the various uses” and “a good application for accountants and businesses”.
Australian Tax Calculator
This free app offers instant trial tax calculations, Medicare and flood surcharge levies and other calculations of Australian income tax.
Developed by Acore, the current Android version 1.6.6 has 28 ratings at an average of 4.5 stars. User comments include “clean, neat, simple and works well”, “accurate and quick” and “uninstalled it because of the beep it makes changing menus”.
Expense & Tax Manager
This completely customisable app is designed to record unlimited amounts of income items and expenses, providing instant trial tax calculations. It allows for the recording of tax payments and amounts owing as well as forecasting future income and expenses.
Developed by Acore and priced at $5, the current Android version 1.1.001 has two ratings at an average of 3.5 stars. A user describes it as the “best finance management app I have come across”.
Tax Receipt Log
(iPhone, iPad and Android)
Tax Receipt Log allows users to take a photo of a receipt using the iPhone camera, with data including cost and other categories logged in a spreadsheet file. No more searching for bits of paper at tax time, this app allows for the files to be emailed along with the photos, notes or voice memos.
Developed by 15 Second Software Pty Ltd and priced at $4.49 for the iPhone, there are a total of 15 ratings for iPhone versions at an average of 4.5 stars. User comments include “just keeps getting better and better”, “has made life so much easier” and “like having a bookkeeper without the fees”.
The Android version, 1.1 is priced at $3.99 and has two ratings at an average of 3 stars.
This article represents the views of the author only and not those of American Express.
This information is of a general nature only and does not constitute professional advice.You must seek professional advice in relation to your particular circumstances before acting.This article represents the views of the author only and not those of American Express.
Anthony is a communication consultant at BWH Communication and a freelance writer with 15 years' experience in the stockbroking and media industries of Australia and Asia. He is a regular writer on business and other issues for publications in Australia and Japan. He consults on communication strategy to businesses ranging from private enterprises to professional service firms and publicly listed companies, with a particular interest in entrepreneurship in all its forms.