TaxResearch
TaxResearch is a web service for researching Australian tax matters and preparing return workpapers.
What TaxResearch is
TaxResearch is a web service for researching Australian tax matters and preparing return workpapers. Its AI uses tax statutes, case law, ATO rulings, and customer materials to answer questions and analyse tax issues. The Tax Return Builder turns uploaded information into workpapers, reconciliations, calculations, and supporting notes. It accepts accounting exports, bank exports, and payment summaries, with Xero, MYOB, and Hnry listed as examples. The service says it can classify entries, apply tax treatment, and calculate deductions, depreciation, GST, and CGT, citing relevant statutes or ATO rulings. A completed workbook includes cited figures and reconciliation figures formatted for review and filing. One run costs 99.00 AUD once, including GST, with ten follow-up questions; twenty more cost A$20. A 1-day trial is available, but there is no free plan.
Good
- Uses Australian statutes, case law, and ATO rulings
- Generates workpapers and reconciliation figures
- Accepts exports from Xero, MYOB, and Hnry
- Includes citations in return workbooks
- Offers a 1-day trial
Watch out
- Does not lodge, sign, verify, or file returns
- No free plan
- Covers neither non-Australian nor state or local taxes
- AI output may contain errors
Who it suits
TaxResearch is aimed at tax professionals and also assists individuals and small businesses preparing Australian returns. It suits users who need cited research or generated workpapers but can handle lodgement themselves.
Verdict
TaxResearch combines Australian tax research with return-workbook preparation and cited calculations. It can organize uploaded financial information, but users remain responsible for reviewing results and completing lodgement.
Plans and prices
From TaxResearch's own pricing page, checked 9 Oct 2001.
| Plan | Price | What it gives you |
|---|---|---|
| Tax Return Builder | A$99, paid once | One return workbook · currently ten free follow-up questions · One Tax Return Builder run; fee includes GST. |
The facts
Each one read from TaxResearch's own pages, with the date it was checked.
What it does
- Additional questions
- The terms list an additional pack of twenty follow-up questions for A$20 inclusive of GST.checked 9 Oct 2001
- AI output caveat
- The terms say AI output is probabilistic and may contain errors, omissions or inaccuracies, and require users to review it before relying on it.checked 9 Oct 2001
- Australian tax research
- TaxResearch is an AI software-as-a-service application for asking questions and analysing Australian tax matters using tax statutes, case law, ATO rulings and customer materials.checked 9 Oct 2001
- Cited workpapers
- The site says customers receive a worked return with figures and citations, plus final reconciliation figures formatted for review and filing.checked 9 Oct 2001
- Data handling
- The terms say customer data is not used to train AI models and is not intentionally shared with other customers or third parties; data may be transmitted to AI providers and subprocessors to provide the service.checked 9 Oct 2001
- Follow-up questions
- The A$99 fee includes a fixed number of free follow-up questions, currently ten, about the return.checked 9 Oct 2001
- Input formats
- The site says it accepts accounting exports, bank exports and payment summaries, and lists Xero, MYOB and Hnry as examples.checked 9 Oct 2001
- Intended users
- The terms describe the service as designed to assist tax professionals, while the Tax Return Builder is described as assisting individuals and small businesses.checked 9 Oct 2001
- No lodgement
- TaxResearch prepares returns but does not lodge, sign, verify or file them; the customer or their registered tax agent is responsible for lodgement.checked 9 Oct 2001
- Return preparation
- The Tax Return Builder generates workpapers, reconciliations, calculations and supporting notes from information customers upload.checked 9 Oct 2001
- Security safeguards
- The terms state that the company maintains reasonable administrative, technical and physical safeguards and complies with applicable Australian privacy and security laws.checked 9 Oct 2001
- Tax calculations
- The product says its AI classifies entries, applies tax treatment, calculates deductions, depreciation, GST and CGT, and cites figures to statutes or ATO rulings.checked 9 Oct 2001
- Tax coverage limit
- The terms say the service is not designed for state or local taxation or taxes outside Australia.checked 9 Oct 2001
Money
- Free trial
- The terms define a free Trial Licence as a 24-hour extendable licence that may be offered to new users and may be deactivated at any time.checked 9 Oct 2001
The company
- Headquarters
- New South Wales, Australiachecked 28 Sep 2001
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