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Like a business account that pays your taxes - your Hnry Account is your powerful tool for taking control of your sole trader tax and finances.
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When you sign up, we give you your own unique Hnry Account.
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All of your self-employed income comes into this account.
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Whenever you get paid, we calculate and deduct your taxes based on the income and expenses put through your Hnry Account, then pass the rest straight to your personal bank account.
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Any allocations you've set up (to your Hnry VISA Debit Card, Savings, Investments, etc.) will also be deducted and sent to the right place.
Tax calculations and payments with your Hnry Account
Income tax, GST, Medicare levy, HELP - we'll sort it all.
Your taxes calculated and paid as you earn.
Don't worry about unexpected tax bills or PAYG instalments - we'll automatically calculate, deduct, and pay your taxes (including student loan, Medicare levy, GST, and HELP payments) as you earn, so you're always up-to-date and know that what's in your pocket is yours.
No manual reconciliation. No bank feeds.
Forget hours of manual reconciliation or importing bank feeds - when you get paid into your Hnry Account, we automatically match up any payments to clients and invoices so you get your money faster.
Hnry Debit Card automates your expenses.
Pay for your business expenses from your Hnry Account, with your Hnry Debit Card. We'll automatically raise and review the expenses for you, lowering your tax rate to put more money in your pocket, sooner.
Take control of your money.
Stop waiting until the end of the year to get your tax refund. We pay the correct amount of tax as you get paid and pass on the rest, meaning you're never overpaying, cash flow is better, and you have more of your money throughout the year to spend, save, and invest.
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Some useful information on tax payments for sole traders:
More money in your pocket, to allocate as you need
With Hnry, you have total control over your finances. Whether it's to spend, save, or invest - automatically allocate your money wherever you want it to go.
The Hnry Debit Card
Allocate a portion of your income to stay in your Hnry Account, to spend using your Hnry Debit Card - so you always have money at the ready for business purchases.*
As soon as my client has paid me - Hnry sends me an email telling me I just got paid.
The money goes into my Hnry Account, from which Hnry deducts my Superannuation, Medicare, income tax, and GST - and then they give me the rest!
Angela Van Wijk
Freelance Photographer
Having Hnry pay my taxes now, it’s just carefree.
I don’t have to worry about any unexpected tax bills coming my way.
Todd McIsaac
Self-employed builder
I can send an invoice, then the payment goes straight into my Hnry account. Hnry allocates money to my taxes, Super, Medicare and student loan, as well as GST. Within a couple of hours, I then get the rest of the money into my own personal bank account.
Abbey Palmer
Self-employed Health Professional
Features you get with Hnry - at no extra cost
Expenses
Your expense admin is quick and simple - raise them in-app, we'll take it from there and keep your cash flowing.
Quotes and Invoices
Send unlimited invoices and quotes from the Hnry app. Customise them, add branding, schedule them in advance, and we'll take care of chasing late payers.
Allocations
Send automatic payments to savings, super, investments, or whatever - you have total control over your money.
Business payment options
Accept card payments at no extra cost to you. You can also integrate with eCommerce sites, send SMS-to-Pay, or set up a POS terminal.
Reports
Our reports provide insights for your business, and are accepted by banks and brokers for mortgages and loans.
The Mileage app
Download our separate Mileage tracking app, free for Hnry users. Unlimited trip tracking, compliant reporting, and fully integrated with the Hnry App.
FAQs
There’s no need to wait for the end of a tax year - we make it simple and seamless to make the switch to Hnry. Whether you’re doing it all yourself, or you’re using a mix of software, spreadsheets and an accountant. Stop taking it all on yourself, and have Hnry do it all for you.
Our system will fluctuate your tax rate up and down throughout the year based on the income coming into your Hnry Account and the amount you raise in business expenses. This means that we deduct the right amount of tax each time you get paid, meaning no tax bill at the end of the year. For our system to work correctly, we need the right information from you, particularly about any earnings you’ve had prior to starting with Hnry and if your salaried income changes throughout the year.
We don’t hold on to our customer’s money. Every time you get paid into your Hnry Account we calculate, deduct, and pay all your taxes and Medicare levy, then pay the rest straight on to you. Hnry is subject to standard bank processing times. Any delays in receiving your money are often related to this and happen before your income arrives in your Hnry Account. First-time customers can expect a slight delay in receiving their first payment through Hnry as we are required to conduct identity checks. This will only occur for their first payment, after which customers can expect to receive their income as normal.
Yes! We handle all of your tax, including PAYG instalments and we’ll also factor these into your tax return at the end of the financial year.
You’re able to turn on same-day payments in your Hnry Account. What this means is that after your income has been processed through your Hnry Account, you’ll then receive your money faster than standard bank processing times (usually within 24 hours). This option is an extra 50c per payslip.
When you get paid, your money comes into your Hnry Account. The Account is held in trust in your name - the money in the account always belongs to you. Customer money is ring-fenced, meaning no one else can access it. If anything happened to Hnry Limited, the customers’ money is protected and is still the customers’.
Once we’ve calculated and deducted all of your taxes, we pass all your money straight to you. If you want to, you can leave some of your income in your Hnry Account by allocating a portion to your Hnry Debit Card. By doing this you’ll have your money at the ready for any business expenses.
Our Reviews
* Hnry (Australia) Pty. Limited, ABN 88 637 624 072 is an Authorised Representative (001306575) of Flexewallet Pty Ltd, ABN 16 164 657 032 which holds an Australian Financial Services Licence (AFSL 448066). The Hnry Debit Card is issued by Novatti Group Limited, ABN 98 606 556 183 pursuant to a licence by VISA Worldwide Pte Limited.
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