Question 1

What is TaxBot?

Accepted Answer

TaxBot is an AI-powered tax and expense app for everyone — from individuals wanting a bigger tax refund to sole traders, freelancers and small businesses in Australia and the United States. You scan a receipt or upload a bank statement, and TaxBot's AI categorises each transaction, finds the deductions you're entitled to, tracks GST/BAS, and estimates your tax in real time.

Question 2

How does TaxBot help me save on tax?

Accepted Answer

TaxBot reads your receipts and bank statements and uses AI to identify every work-related expense you can legally claim — matched to your occupation — including items people commonly miss like subscriptions, tools, phone, vehicle and depreciation. Claiming more legitimate deductions lowers your taxable income, so you keep more of what you earn.

Question 3

Does TaxBot handle GST and BAS in Australia?

Accepted Answer

Yes. TaxBot tracks GST collected and paid, breaks it down by BAS quarter and full financial year (1 July – 30 June), and gives you a clear net-GST figure to help you prepare your Business Activity Statement.

Question 4

Who is TaxBot for?

Accepted Answer

TaxBot is for anyone who wants to pay less tax and keep better records — everyday individuals and employees claiming work-related deductions, as well as sole traders, freelancers, contractors, gig and rideshare drivers, tradies and small business owners. If you have expenses you can claim, TaxBot helps you find and track them without an accountant doing everything manually.

Question 5

Is TaxBot free?

Accepted Answer

Yes — you can start free with no credit card. The free Starter plan includes essential tools and a monthly allowance of AI actions. Paid plans (from $9.99/month USD, or 50% less paid annually) add unlimited receipts, more AI, and extra modules like invoicing, mileage and depreciation.

Question 6

Can TaxBot turn my bank statement into deductions?

Accepted Answer

Yes. Upload a PDF or image of your bank statement and TaxBot's AI extracts every transaction, detects the financial year automatically, flags likely business deductions based on your occupation, and lets you save them to your records in one step.

Interest-only repayments on a £200,000 loan — United Kingdom

Frequently asked questions

What are interest-only repayments on a £200,000 loan?

How much does the repayment jump?

What does it cost overall?