Welcome to TaxTrack by Prosper Business.Know where you stand with tax.
Take the guesswork out of saving for tax.
TaxTrack is an online tax planning calculator designed to help New Zealand business owners estimate their income tax and GST position, understand how their tax savings are tracking, and plan ahead with a little more confidence.
Because knowing you're making a profit is one thing. Knowing whether you've put enough aside for tax is another!
How TaxTrack can help
1
Estimate your tax position
Use your business figures to estimate your income tax and GST position throughout the financial year, rather than waiting until your annual accounts are prepared.
2
See how your savings are tracking
Compare your estimated tax owing with the money you've already saved. See whether you're ahead, on track, or have a savings gap to plan for.
3
Plan for outstanding invoices
See how transferring some of the money from unpaid customer invoices into your tax savings could improve your position once those invoices are collected.
4
Check in whenever you like
As your business changes, so can your tax position. Update your figures and run a fresh estimate whenever you need to.
Who is TaxTrack for?
TaxTrack is designed for NZ business owners who want a better understanding of their tax position throughout the year.
It could be a good fit if you:
Run a sole trader business or a company with up to two shareholders.
Use accounting software and can access your financial figures.
Want to understand how much tax you might need to save.
Prefer a practical, self-service tool rather than ongoing management reporting.
Want to be more proactive about managing your business cashflow.
TaxTrack is best suited to businesses with relatively straightforward tax affairs. More complex situations may require personalised advice from your accountant.
How it works
1. Gather your figures
Use your accounting software and myIR to find your profit, GST, tax payments and savings balances. Our step-by-step guide will show you where to look.
2. Enter your information
Add your figures into TaxTrack, including shareholder information and other taxable income where relevant.
3. Review your results
See your estimated income tax, GST and savings position, including any gap between what you may owe and what you've already saved.
4. Make a plan
Use your results to consider whether you need to adjust how much you're regularly putting aside for tax.
You can return and run updated estimates throughout your membership.
Your annual TaxTrack membership includes:
Unlimited access to the TaxTrack calculator during your active membership.
Income tax and GST estimates.
Tax savings gap calculations.
Optional shareholder and other-income inputs.
Outstanding debtor savings scenarios.
Downloadable PDF snapshots.
A step-by-step Getting Started guide.
Helpful email reminders and practical tips throughout the year.
What’s included?
Frequently Asked Questions
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No! TaxTrack is available to New Zealand business owners, whether or not Prosper looks after your accounting.
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TaxTrack works with figures from your accounting records. Our Getting Started guide uses Xero examples, but you can use another accounting system if you're able to find the equivalent information.
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Not exactly, but it should give you a reliable estimate of your tax position based on your current business performance, provided the information you enter is accurate.
Your final tax position may differ due to year-end accounting and tax adjustments, but TaxTrack is designed to give you a useful picture of where you're tracking throughout the financial year, so you can plan your tax savings with greater confidence.
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No. It's a planning tool designed to help you understand your numbers between accounting appointments. It doesn't replace personalised tax advice or your accountant's annual tax calculations.
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No. TaxTrack doesn't save your calculator figures or results online. You can download a PDF snapshot if you'd like to keep a record.
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You can manage your subscription through your account login. Cancellation and renewal are subject to the membership terms presented at purchase.
Ready to take the guesswork out of saving for tax?
Get a clearer picture of your tax position and start making more informed decisions about how much to put aside.
Know where you stand with income tax, GST and your tax savings.
TaxTrack is a general tax planning tool, not personalised tax advice. Estimates depend on the accuracy of the information entered and may differ from your final tax liability or IRD payment obligations. See our Calculator Terms & Conditions for full details.