What happened to Airtax?

What happened to Airtax?

Airtax ceased operations in 2023, leaving many customers searching for an alternative tax solution. Tax Leopard, a newer player in the tax and accounting space, took over the platform. However, since the transition, many former Airtax users have found Tax Leopard's services lacking in comparison and have moved to more robust and automated solutions like Thriday. Users have reported difficulties in transitioning, limited features, and a lack of intuitive automation that they had come to expect from Airtax.

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Why did Airtax shut down?

Airtax was initially backed by PwC, giving it credibility and market support. However, over time, operational challenges, rising costs, and shifting priorities led to its closure. The accounting landscape is evolving rapidly, with automation and AI-driven solutions becoming more dominant. Airtax struggled to keep up with these changes, making it less competitive than newer, more sophisticated platforms. When PwC pulled its support, it was decided to shut down Airtax and transition its users to Tax Leopard. This transition was not smooth, leading to dissatisfaction among former Airtax users, particularly gig economy workers who rely on efficient, streamlined financial solutions.

Why are Uber drivers, taxi drivers, and gig workers switching to Thriday?

Gig economy workers, such as Uber drivers, taxi drivers, delivery riders, and freelancers, need a tax solution that is automated, affordable, and easy to use. Unlike traditional employees, gig workers manage their tax reporting, deductions, and GST lodgments. Airtax was a convenient option, but many have found Tax Leopard lacking in key areas since its shutdown.

Thriday has emerged as the best alternative for several reasons:

• Full automation: Thriday eliminates manual data entry by automatically categorising transactions and integrating with bank accounts.
• Lower cost: Many gig workers operate on tight margins. Thriday provides a more cost-effective solution compared to other alternatives, saving money on lodgment fees.
• Ease of use: Gig workers often don't have time to manage complex accounting processes. Thriday's intuitive dashboard simplifies tax compliance.
• Real-time tax calculations: Unlike Tax Leopard, Thriday provides real-time insights into GST and tax obligations, helping gig workers avoid surprises at tax time.
• Seamless BAS lodgments: Many gig workers are required to lodge BAS regularly. Thriday automates this process, reducing errors and saving time.

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Why is Thriday the best Airtax alternative?

Many former Airtax users have switched to Thriday because it offers a more automated, seamless, and cost-effective approach to managing business finances. Unlike Airtax, which requires users to input data and complete tax lodgments manually, Thriday automates banking, accounting, and tax processes, saving significant time and effort.Thriday's key advantages over Airtax include:

• AI-driven bookkeeping: Automatically categorises transactions, making bookkeeping effortless.
• Tax automation: Simplifies BAS and income tax lodgments, reducing the burden on sole traders.
• Integrated banking: Thriday offers a built-in business account, streamlining financial management.
• Instant invoicing: Generate and track invoices seamlessly, ensuring timely payments.
• Cash flow insights: Provides real-time financial insights to help business owners manage their finances more effectively.

How to switch to Thriday from Airtax?

Moving to Thriday is simple. Former Airtax users can sign up for a Thriday account in minutes and enjoy a smoother, more automated financial experience. Here's how to make the switch:

1. Sign up on Thriday's website – Create an account and verify your details in 2 minutes.
2. Set up GST and tax details – Enter ABN and GST registration details to automate compliance.
3. Start managing finances effortlessly – Thriday handles banking, bookkeeping, and tax in one place, eliminating manual work.

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What features does Thriday offer?

Thriday isn't just a replacement for Airtax; it's a massive upgrade. Key features include:

• Automated accounting – Transactions are categorised in real-time, removing the need for manual bookkeeping.
• Tax lodgment – Thriday simplifies BAS and income tax reporting, reducing time spent on compliance.
• Integrated banking – With built-in business accounts, Thriday makes managing finances more efficient.
• AI-driven insights – Get personalised financial insights to optimise cash flow and reduce tax liabilities.
• Invoicing – Generate and track invoices easily to ensure timely payments.
• Expense tracking – Thriday provides automated monitoring of deductible expenses, helping gig workers maximise their tax returns.
• Credit scores - See your credit scores and get tips on how to improve your financial performance.

Airtax's closure left many users scrambling for a reliable tax solution. Thriday has become the preferred alternative, offering automation, affordability, and an unmatched user experience. Making the switch to Thriday ensures effortless tax compliance and financial management, giving business owners and gig workers more time to focus on earning income rather than managing paperwork.