A sole trader spends 3-4 weekends manually categorizing bank CSVs, calculating home office percentage, and computing crypto CGT for tax prep, seeking a more efficient process.

Existing accounting software requires significant manual categorization and doesn't handle specific calculations like home office % or crypto CGT for sole traders without accounting knowledge.

Severity

3Medium

Willingness to Pay

implied

Added

Apr 27, 2026

Workarounds Described

categorizing CommBank CSVs manually
working out home office % manually
calculating crypto CGT manually

Implied Software Gaps

Automated bank transaction categorization for sole traders
Built-in home office expense calculator
Crypto capital gains tax calculator integrated with tax prep

App Concept

TaxMate Solo

TaxMate Solo is an AI-powered tax preparation app for sole traders that automates categorization of bank transactions, calculates home office and crypto CGT, and integrates with ATO lodgment. No accounting degree needed – just connect your bank and get a ready-to-lodge return.

Key Features

Auto-categorize CommBank CSV exports using machine learning
Guided home office percentage calculator with deduction wizard
Crypto CGT calculator supporting multiple exchanges and FIFO/ACMA methods
One-click pre-fill of ATO lodgment forms

Target Users: Sole traders in Australia doing their own taxes, especially those with mixed personal/business transactions and crypto investments.

Revenue Model: $19/month subscription including one ATO lodgment per year; $49 one-time for a single tax year.

Existing Solutions Mentioned

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