Automatically set aside money for tax from business income
The easiest way to make sure you can pay your tax bill is to set money aside the moment you earn it. Bazy connects to your business bank account and automatically moves a percentage of every incoming payment into the place you choose, so tax money is separated before it can be spent.
Join WaitlistExample incoming payment
$2,000.00
Income tax buffer
20% of every deposit
$400.00
Stays in your account
80% of every deposit
$1,600.00
Illustrative percentages only. Choose your own.
How to set aside tax automatically
- 01
Connect your business bank account
Securely link your existing account through open banking. No new bank accounts needed.
- 02
Pick a tax percentage
Choose the share of every payment to set aside. Your accountant can help you pick the right figure.
- 03
Choose where it goes
Send it to a savings account, a term deposit, another bank or straight to the ATO.
Why automatic tax allocation works
No more tax-time surprises
Money for the ATO builds up with every payment, so your bill is covered when it arrives.
Nothing to remember
Bazy works in the background 24/7. Skip the manual transfers and spreadsheets.
Keep your accountant
Bazy only sets the money aside. Your accountant still handles your returns and advice.
| Feature | Manual transfers | Bazy |
|---|---|---|
| Tax money separated the moment you are paid | No | Yes |
| Works with your existing bank account | Yes | Yes |
| Keeps your current accountant | Yes | Yes |
| No transfers to remember after every invoice | No | Yes |
| Can send money straight to the ATO | Yes | Yes |
Frequently asked questions
How do I automatically set aside tax from my business income?
Use an automatic tax savings app like Bazy. It connects to your business bank account and moves a set percentage of every incoming payment to a separate account or the ATO as soon as you are paid.
How can a small business avoid unexpected tax debt?
Separate tax money as you earn it instead of waiting until the bill is due. Setting aside a consistent percentage of every payment means the funds are already there when your tax or BAS is due.
What percentage of my income should I set aside for tax?
It depends on your income, deductions and business structure, so check with your accountant. Bazy lets you set any percentage and adjust it at any time.
Bazy helps you set money aside. It isn't tax advice. For guidance on what you owe, speak with your accountant or see:
Start saving automatically today
Be the first to know when we launch. Join our waitlist today.
No spam, ever • We'll only email you when we launch