Managing your Sole Trader business details is essential to keep everything up to date and running smoothly in TaxTank. Here’s a quick guide to help you edit your business information.
Steps to edit your Sole Trader business details:
Navigate to the Business Tab in Sole Tank
Start by logging into your TaxTank account and heading over to the Business Tab in Sole Tank.Select 'Edit Sole Business'
Once you’re in the Business Tab, look for and select the option labeled 'Edit Sole Business'.Update Your Details
In the 'Edit Sole Business' section, you’ll be able to change the name of your business, the type of business activity, a description and whether it's a. Primary Production BusinessClick Save
Once you've made the necessary edits, click the 'Save' button to ensure your changes are applied.
By following these steps, you'll ensure your business details are updated correctly.
Q: Why can't I delete a business?
A: Currently, deleting a business isn’t available, but it’s planned for a future release in 2026.
Q: How many businesses can I manage under my ABN in TaxTank?
A: You can manage up to 6 different businesses under your ABN in TaxTank.
Q: Can I change my business activity type after I’ve saved it?
A: Yes. You can update your business activity type at any time in the 'Edit Sole Business' section.
Q: Do I need to contact support to make changes?
A: No. You can edit your business details directly in Sole Tank without contacting support.