Short answer
No. Navexa does not replace your accountant or tax adviser.
Navexa is a portfolio tracking and reporting tool. It helps you organise and understand your investment data so you (or your adviser) can do your taxes properly. It does not provide personal tax advice or lodge your tax return on your behalf.
Think of Navexa as:
Your investment “source of truth” → your accountant is still your tax expert.
What Navexa does for tax
Navexa focuses on your investment side of the tax picture.
Depending on your plan and settings, Navexa can:
Track buys, sells, income and fees for your investments
Maintain cost bases for your holdings
Calculate capital gains and losses using the tax method you have chosen
Summarise taxable investment income and components
Produce tax reports you can use at tax time, especially if you are an Australian investor
These reports are designed to:
Save you time gathering and checking numbers
Reduce manual spreadsheet work
Make it easier to see your realised gains, losses and income for a given tax year
Navexa helps you get clean, structured data out of your investment history. Your accountant or tax software then uses that data as one input into your full tax return.
What Navexa does not do
Navexa keeps your investments organised, but it does not:
Give personal tax, legal or financial advice
Tell you which tax method you should use
Decide which parcels you should sell for the best tax outcome
Check or include other income and deductions (salary, rent, business income, other expenses, and so on)
Lodge your tax return with the ATO or any other tax authority
Represent you to the ATO or handle tax disputes
Your overall tax position depends on your entire financial situation, not just your Navexa portfolio. Only you and your tax professional can see the full picture.
How Navexa fits into your tax workflow
Here is how Navexa typically fits into a simple tax workflow:
You keep Navexa up to date
Import or enter your trades and income
Keep an eye on any missing or duplicate data
Check that your tax settings (method, financial year, currency and so on) match how you want to report
At tax time, you generate reports in Navexa
Run your investment tax reports for the relevant year
Export or download them (PDF or CSV, depending on the report)
You share those reports with your accountant or tax software
Give the report or reports to your accountant or bookkeeper, or
Use them as a reference when you complete your own return in myTax or other software
Your accountant or tax adviser does the rest
Checks the numbers against your other records
Combines Navexa data with your other income and deductions
Advises you on any elections, special rules or strategies
Prepares and lodges your tax return
Navexa aims to make the investment part of this process faster, clearer and less stressful. Final tax decisions and lodgement sit with you and your professional adviser.
Who is responsible for what?
You:
Decide how you want to use Navexa
Enter or import your data accurately
Choose tax settings to match your situation
Check reports before using them in your return
Your accountant or tax adviser:
Interprets tax law for your situation
Reviews your Navexa reports in the context of your full finances
Advises you on what to claim and how to lodge
Takes responsibility for the professional advice they give you
Navexa:
Provides tools to track and analyse your investments
Generates reports based on the data and settings you provide
Helps you and your adviser see your investment picture more clearly
Important note
Navexa provides general information and tools only. It does not consider your personal objectives, financial situation or needs.
Before acting on anything that might affect your tax position, you should:
Check your data is complete and correct in Navexa, and
Seek advice from a qualified tax professional or accountant if you are unsure.
Used together, Navexa plus a good accountant can give you both:
Better day-to-day visibility over your investments, and
A more efficient, well-documented tax process each year.