Step 1
Upload a statement and receipts
Drop in a CSV from your bank and snap receipts as they come in. No CDR feed needed to start.
For Australian professionals with mixed income
Tax and investing, sorted — for Australians whose finances don't fit in one box.
Built for professionals with a salary, some shares, maybe a side hustle or a first property. Upload a statement and a few receipts — FW maps every transaction to an ATO category, splits receipts line by line, and shows your real-time tax and investment position all year. One price, every segment.
The overlap nobody builds for
Most finance apps assume you have one source of income.
Most professionals don't. A salary, some shares after work, maybe a side hustle or a first property — that's the common case. Every existing tool targets a slice of it and leaves the rest to you or an accountant you only see once a year.
Finance Watchtower is built for the overlap. One workflow. One price. Every segment.
Single-segment tools
- Tax platformsTarget sole traders or accountants.
- Investment trackersShow portfolios. Ignore tax.
- Budget appsTrack spending. Miss deductions.
- Landlord toolsProperty only. Nothing else.
None of them answers the full question — and stitching them together is a part-time job.
Where FW sits
The whitespace on the Australian finance map.
The only direct competitor is TaxTank. Everyone else is either too shallow, too specialist, or too heavy.
TaxTank
Broad coverage, rules-only
Finance Watchtower
Broad coverage, AI-assisted hybrid
SharesightPocketSmithFrolloHnryMyTaxKoinly
Single-segment, rules-only
Empty
Rules-only ← → AI-assisted hybrid
Top row = mixed-income coverage · Bottom row = single-segment
Sources: product websites and pricing pages as of April 2026.
How it works
Upload. Classify. See your position.
Step 2
Rules classify, AI fills the gaps
A merchant dictionary and your segment tags handle ~70–80% of rows. For the ambiguous ones, FW reads the receipt line items and suggests a classification you can accept or reject.
Step 3
See your position — all year
A running estimate of your tax position, deductions found, and investment P&L. Updates every time a transaction lands.
Line-item receipt capture
Split a receipt line by line — automatically.
Upload a receipt and FW extracts every line item. Each one gets its own ATO category — so an Officeworks $60 becomes a $45 deductible chair and $15 of personal glue, mapped to the right segment.
Receipt · Officeworks
14 Apr 2026 · 3:42pm
Ergo office chair$45.00
Craft glue (personal)$15.00
Total$60.00
FW classification
Each line item mapped independently
Ergo office chair$45.00
Office furniture · Sole traderDeductible
Craft glue (personal)$15.00
Personal · Not deductible
Deductible from this receipt$45.00
No app in Australia does this — and it doubles as an ATO audit pack.
Progressive coverage
Every segment. One price.
No per-module billing. No “buy another tank” friction. Turn on the segments you need today — add the next one when life changes.
PAYG
Salary income, work-related deductions, private health, HECS.
Sole trader
Business income, expenses, GST tracking, BAS summary.
Shares & ETFs
Dividends, franking credits, CGT events, broker imports.
Investment property
Rent, outgoings, Div 43 + Div 40 depreciation, net rental.
Owner-occupied
Offset balance, repayments, cost-base tracking for future CGT.
Year-round tax confidence
See your tax position update every time a transaction lands.
Not once a year in a panic. A running estimate recalculates with every classified row, so you always know where you stand.
Estimated refund · live
$3,162
FY25/26 · updates as transactions classify
Estimate only, not tax advice. Final position depends on your lodged return.
Recent impact
- +$11.25
Officeworks receipt · $45 chair
Tax position → $3,195
- −$75
Rent received
Tax position → $3,120
- +$30
VAS dividend · $82 franked
Tax position → $3,150
- +$12
Uber fare · tagged Space=FW
Tax position → $3,162
How AI fits in
What AI does — and doesn't do.
AI is a supporting tool, not the hero. Here's the honest version.
Rules classify most transactions
About 70–80% of rows are handled by a merchant dictionary and the segment tags you set. Fast, deterministic, zero hallucination.
AI helps with the ambiguous ones
When a transaction needs judgment, FW reads the receipt’s line items and suggests a classification with plain-language reasoning. You accept or reject — nothing auto-files.
FW is not a tax agent
We never lodge on your behalf. Every flag links back to the ATO source so you can verify, and estimates carry disclaimers inline.
How FW compares
Common questions buyers ask.
How is this different from TaxTank?
TaxTank is the only AU product in the same category, and it charges per module. FW covers the same segments in one price and leads with line-item receipt capture — which TaxTank doesn’t do.
Isn’t this just Sharesight with extras?
Sharesight is strong on share/ETF CGT, full stop. It doesn’t touch PAYG deductions, GST, or property. FW does all four — and you can still pair them at launch if you prefer.
I use MyTax. Isn’t that enough?
If your return fits in MyTax, you don’t need FW. The gap opens when you add shares, a side hustle, or a rental — the overlap where deductions and CGT events stop being obvious.
Shouldn’t I just use an accountant?
Accountants are a complement, not a substitute. FW sits below them in cost and above DIY in structure — it prepares what you bring to your accountant, and keeps the year-round picture up to date.
Frequently asked questions.
Who is FW for?Toggle answer
Australian professionals with mixed income — salary plus some shares, a side hustle, or a first property. If your return still fits in MyTax, FW is probably overkill.
How do I get my data in?Toggle answer
Upload a CSV from your bank and snap receipts as they come in. Open-banking (CDR) feeds and broker integrations are on the roadmap; they’re not required to start.
Is my data private?Toggle answer
Your data is stored in Australian-hosted AWS and never shared. Receipt OCR uses AWS Textract; ambiguous-row classification uses an LLM with line-item context only, and transcripts are not retained.
Does FW give financial or tax advice?Toggle answer
No. FW is not a registered tax agent and does not lodge on your behalf. Every flag links to the ATO source and every estimate is labelled as such.
What’s not in FW yet?Toggle answer
Crypto CGT, automated CDR feeds, and direct broker sync are all on the roadmap. You can still track these manually at launch.
Join the beta waitlist.
Be first in line when we open. We'll email you directly.
Finance Watchtower is not a registered tax agent and does not provide financial or tax advice. All tax-position figures are estimates only and do not constitute the amount payable or refundable on a lodged return.