PRESS RELEASE: For Immediate Release: TAX FOX LAUNCHES IN AUSTRALIA JUST IN TIME FOR TAX SEASON

taxfox.com.au
SYDNEY, AUSTRALIA
JULY 29, 2020

TaxFox is a personal ATO tax refund maximiser app and helps users claim every eligible tax deduction. Offering users a seamless and automated tax expense recording tool, they can keep work related expenses and log work from home time. The easy to use interface and ato-calculation features make it easier than ever to organise receipts for tax time.

TaxFox is available on Android, iOS, and is free to download. Users can use the free version which limits receipt uploads to 12 per year or pay the yearly fee for 10,000 receipt uploads.

KEY FEATURES AND BENEFITS:

Australians to get more ATO tax refund with a new mobile app on both iOS and Android.

6 Ways To Use TaxFox To Get A Bigger Tax Refund In 2020 and be 100% prepared to lodge tax returns

Maximise your ATO tax refund: Get smart tax tips to see what expenses you can and can’t claim for your job

See the average deduction claimed for your job: Compare your tax deductions vs the average in your occupation

Log work from home hours and expenses: Claim all your your work from home expenses and hours you worked from home

Store your receipts: Save all your receipts safely on the cloud for tax time and never miss out on a deduction

Track and grow your tax refund: See your tax refund estimate in real-time as you add new deductions

Be 100% organised to get your tax refund early: Easily export all your receipts and summary to make tax time a breeze and be well prepared in case of ATO audits

Download on iOS – https://apps.apple.com/au/app/taxfox-maximise-tax-refund/id1458837793

Download on Android – https://play.google.com/store/apps/details?id=app.taxfox.taxfoxapp&hl=en

Link Tree – https://linktr.ee/taxfox

TaxFox Australia Pty Ltd
[email protected]
0423 037 377

Unit 12 9-11 Wigram Street
Harris Park NSW 2150
Australia

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Key Stats

ATO records show that for the Tax Financial year 2016-2017

13.8M (13,870,745) Austrlians lodged a tax return
Over $36B ($36,497,426,268) in tax deductions were claimed by Australian Tax Payers
Over $2.2B ($2,285,869,309) was spent by Aussies to manage their tax affairs which they claimed as a tax deduction
$12.5B was donated by individuals and only $2.8B was claimed as a tax deduction
$9.7B in donation deductions were missed!
70% of individuals are not claiming deductions for donations they made

Source: https://www.ato.gov.au/About-ATO/Research-and-statistics/In-detail/Taxation-statistics/Taxation-statistics-2016-17/?anchor=Individuals#Individuals

Source:
https://www.ato.gov.au/About-ATO/Research-and-statistics/In-detail/Taxation-statistics/Taxation-statistics-2016-17/?anchor=Individuals#IndividualsSummarytables

https://www.ato.gov.au/uploadedFiles/Content/CR/Downloads/Annual_report_2018-19/n0995_2018-19_Annual_Report.pdf

TaxFox Infographic

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TaxFox authorises journalists to copy, adapt, modify, transmit and distribute this material as they wish (but not in any way that suggests the ATO or the Commonwealth endorses TaxFox or any of it’s services or products).

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(1)
Personal ATO Tax Refund Maximiser App

TaxFox helps you get a bigger tax refund and be 100% organised for tax time.

Every year, Aussies miss out on thousands of dollars in eligible tax refunds.

Use the TaxFox App to see what expenses you can claim as a tax deduction and how much you can claim.

6 Ways To Use TaxFox To Get A Bigger Tax Refund In 2020

1. Maximise your ATO tax refund
Get smart tax tips to see what expenses you can and can’t claim for your job

2. Compare the average deduction claimed for your job
Compare your tax deductions vs the average in your occupation

3. Log work from home hours and expenses
Claim all your your work from home expenses and hours you worked from home

4. Store your receipts
Save all your receipts safely on the cloud for tax time and never miss out on a deduction

5. Track and grow your tax refund
See your tax refund estimate in real-time as you add new deductions

6. Be 100% organised to get your tax refund early
Easily export all your receipts and summary to make tax time a breeze and be well prepared in case of ATO audits

(2)
Australians claim an average of $2.5761* in deductions
See what the average expense deductions for your job and how your deductions measure up. Are you claiming too little or too much?

Get Smart tax tips to see what expenses you can and can’t claim for tax for your job

ATO says “To claim a deduction for work-related expenses you must have a record to prove it.”

*From Australian Tax Office tax return data for FY 2016-18

(3)
Log work from home hours and WFH expenses
Working from home during COVID-19 means you may have expenses you can claim a deduction for at tax time. Tracking these expenses can be challenging, so from 1 March to 30 June 2020, the ATO has introduced a temporary shortcut method.

ATO says: “You must keep a record of the number of hours you have worked from home”

(4)
Snap & Store your expense receipts in one place
DocSafe lets you securely store receipts in the cloud to access any time, anywhere.

It’s time to get rid of your receipt shoebox and spreadsheet. When you’re on the go take a picture, upload images or add documents of your receipts then throw it in the trash.

Australians are missing out on donation deductions!
– $9.7B in donation deductions were missed!
– 70% of individuals are not claiming deductions for donations they made

Never miss out with TaxFox.


** From philanthropy.org.au and Australian Tax Office tax return data for FY 2016-17

(5)
See your estimated tax refund in real-time
Add your tax deductible work-related expenses to see your tax refund grow. Work towards your tax refund goal on how you will spend it!

The dashboard automatically calculates your estimated tax refund. To help you maximise your tax refund

ATO says: “You need to keep your records for five years from the date you lodge your tax return.”

(6)
Stop missing out on tax refunds

Ever wondered…
What kind of deductions can I claim for my job?
How much can I claim in each deduction category?
What happens if I get audited and don’t have receipts?
How much tax refund will I get this year?

*From Australian Tax Office tax return data for FY 2016-17

Download the free Taxfox app to see the average deduction amounts claimed by people in your specific occupation.

(7)
Be 100% organised and get your tax refund early

Save time and money when lodging your tax return

Make tax time a breeze by easily exporting all your tax info and receipts prepared for your tax agent. Being organised means you save on accounting costs, time and more tax refund!

ATO says: “You need to keep your records for five years from the date you lodge your tax return.”

Export a your deduction summary

Save or share from your mobile
Share zipped PDF files of receipts (.ZIP)
Download to google drive

It’s time to leave your spreadsheet behind…

App Store Listing

Get more tax refund with the TaxFox App

This year don’t miss out on claiming tax deductible expenses.

Welcome to the digital age where you can be organised and keep on top of your tax return as well as you keep on top of your finances. Be tax-ready this year….and forever from now on!

Ever wondered…
What kind of deduction can I claim for my job or freelance gig?
How much can I claim in each deduction category?
What happens if I get audited and don’t have receipts?
How much tax refund will I get this year?

TaxFox gives you all the answers.

Perfect in helping reduce tax for:
Individual Taxpayers
DIY tax return lodgers
Entrepreneurs

Smart tips for more tax refund
Get smart tax tips to easily figure out whether an expense is tax deductible or not
See what expenses you can claim in your job
See your tax deductions vs the average for your job

Working From home?
You might be eligible to claim tax deductions for working from home
Log the days you worked from home
Save all your work from home (WFH) expenses
See automatic calculations of your work from home hours

Occupation based average deduction info in your pocket
See the average deductions being claimed in your occupation or other occupations. For example, if you’re a nurse you can see how much other nurses are claiming on average.

No more FOMOOR
Like many Australian taxpayers you probably get FOMOOR – Fear Of Missing Out On Tax Refunds! You might have forgotten to claim deductions because you’ve lost receipts or forgot to mention expenses, or just were just not sure what you are entitled to claim. Avoid the frenzy at the end of financial year

Open up the “What Can I Claim?” Screen whenever FOMOOR sets in so you can make sure you’re claiming your checklist of items to maximise your tax refund.

Dashboard, charts and auto calculators
No need for useful tools and calculators. The dashboard automatically calculates your estimated tax refund. To help you maximise your tax refund you can see your estimated tax refund grow over time in a chart.

Be 100% audit-ready
Take the stress out of potential Australian Tax Office audits of your tax return, you’ll have all the information ready to go in your app to show evidence. Never lose your receipts or forget to claim expenses

Changing and updating phones?
Your documents are saved in the cloud so when you change devices simply login and everything will be just as you kept it.

Get rid of the spreadsheet! Stay neat, smart and tidy
Whether you’re on the go or at home you can record and manage expenses by saving all your receipts digitally and throw away the physical copy.
Take a picture, upload images or add a document
Never lose your receipts or forget to claim expenses
Keep all your expense receipts in one place

Tax time just got easy…save time and money!
For tax time you can can easily export all your receipts to send to your tax agent. Easily export all your tax info and receipts to make tax time a breeze and be well prepared so you save on accounting costs and time
Export a summary of all your expense receipts and deductions in a PDF
Share with your accountant in any way you like in a zipped file (.ZIP)
Save to your phone
Download to google drive

Security & Privacy
Secure – TaxFox uses 256bit SSL bank level encryption.
Private – Your personal information will never be shared with other companies or government bodies including the ATO. This app is not associated with the Australian Taxation Office (ATO). you can trust that your data remains private. (https://www.taxfox.com.au/privacy)
DocSafe – Store all your info securely in the cloud to access any time, anywhere.

Want more?
New features being added all the time to revolutionise the way we do our taxes. If you would like any new features added to the app please let us know at [email protected].