AI Tax Tools for Australian Sole Traders
Australian sole traders should first decide whether they need bookkeeping, income tax, BAS, or all three. The roster lists Tyro Accounting (formerly Thriday), Solo by MYOB, Hnry, Etax, and Xero Tax with different mixes of automation, accounting, and human review. Compare GST and BAS scope, ATO connectivity, records export, explainable categories, and current price—not an overall ranking.
Australian sole traders should first decide whether they need bookkeeping, income tax, BAS, or all three. The roster lists Tyro Accounting (formerly Thriday), Solo by MYOB, Hnry, Etax, and Xero Tax with different mixes of automation, accounting, and human review. Compare GST and BAS scope, ATO connectivity, records export, explainable categories, and current price—not an overall ranking.
| Product | Regions | Built on AI | HQ |
|---|---|---|---|
| Thriday | AU | AI-native | Melbourne, Australia |
| Solo by MYOB | AU | AI features added | Melbourne, Australia |
| Hnry | NZ · AU · UK | AI features added | Wellington, New Zealand |
| Etax | AU | AI features added | Brisbane, Australia |
| Xero | NZ · AU · UK | AI features added | Wellington, New Zealand |
Australian sole-trader tools
| Tool | Supplied roster facts | Fit |
|---|---|---|
| Tyro Accounting (formerly Thriday) | Banking, invoicing, accounting, and tax; AI categorisation/forecasting; optional human BAS/tax lodgment; registered tax agent number listed | Integrated business-account and bookkeeping/tax workflow; confirm current name and terms |
| Solo by MYOB | Mobile-only app with quotes, invoices, Solo Money, expenses, automated tax/GST tracking, and AI features; promotional prices listed | Mobile, single-user sole-trader stack; no payroll or inventory |
| Hnry | Accountant plus automation; tax calculated, withheld, paid, and returns filed; expenses, invoices, and mileage supported; 1% + GST fee claim listed | Pay-as-you-earn accountant/tax model; sole traders only, not companies |
| Etax | Registered tax agent with ATO prefill and CPA/CA review before lodgment; employees, sole traders, landlords, crypto, and late returns listed | Human-reviewed individual or sole-trader lodgment |
| Xero Tax | ATO lodge/prefill for partners; Xero is a broader accounting platform | Existing Xero users; confirm partner and Xero Tax terms |
Australian selection checks
Ask whether the service covers BAS, GST status, income tax, or a combination. Confirm whether it is software, a registered tax agent, or a partner service; whether records can be exported; and whether AI categories are explainable and easy to correct.
How to choose
Frequently asked
- What should buyers know about AI Tax Tools for Australian Sole Traders?
- Australian sole traders should first decide whether they need bookkeeping, income tax, BAS, or all three. The roster lists Tyro Accounting (formerly Thriday), Solo by MYOB, Hnry, Etax, and Xero Tax with different mixes of automation, accounting, and human review. Compare GST and BAS scope, ATO connectivity, records export, explainable categories, and current price—not an overall ranking.
Profiles referenced
Thriday
thriday.com.auAustralian banking + invoicing + accounting + tax in one; AI categorisation and tax forecasting; optional human BAS/tax lodgment. Registered tax agent No. 26262416. **Now Tyro Accounting (formerly Thriday)** — Team Thrive entities wholly owned by Tyro Payments Limited.
Solo by MYOB
myob.comMobile-only MYOB app for Australian sole traders: quotes/invoices, Solo Money business bank account, Tap to Pay, snap-n-track expenses, automated tax and GST tracking, with in-built AI features.
Hnry
hnry.co.nzAccountant plus tax automation for sole traders: income paid into Hnry Account; auto-calculates, deducts, and pays tax; files returns; expenses, invoices, Mastercard, mileage app.
Etax
etax.com.auAustralian online registered tax agent (since 1998): client enters return online with ATO prefill; CPA/CA accountants check; registered agent lodges with the ATO (TPB 69399005).
Xero
xero.comGlobal cloud accounting platform for small businesses and accountants/bookkeepers, with Xero Tax lodgment modules strongest in AU, NZ, and UK.