Getting up and running with Hnry is easy – we’ll do the heavy lifting!
Follow these three simple steps and you’ll soon never think about tax again.
Step 1: Sign up
(Takes about two minutes.)
Here’s what we’ll need from you:
- Your email address and a password
- Your estimated annual earnings (all sources of income)
- What type of work you do
- Whether or not you’re GST registered, and
- If you have a student loan.
Once we have all that, we’ll provision you with your Hnry Account – our magic tool for calculating and paying your taxes.
📖 For more information on why we ask you for these bits and pieces, check out this quick explainer!
Step 2: Verify your identity
(Takes less than five minutes.)
Legally, we can’t process payments on your behalf unless we’ve verified that you’re a real human, with a real bank account.
To do this we’ll need:
- Your bank account details (the name on the account, and the account number)
- Your Tax File Number (so we can forward your taxes on to the ATO)
- A form of ID
💡 Giving us your account name and number won’t give us access to your personal bank account. We just need to know where to send your sole trader earnings!
ID Verification
In most cases, our ID verification is a quick process. You’ll need one of the following:
- AU Passport
- AU Driving License
- Foreign Passport
If you’re unable to provide one of these documents, no worries – you can find other options in this article.
After you’ve submitted your verification documents, we’ll give you a free dollar so you can see your Hnry Account in action.
We’ll pay $1 into your Hnry Account, deduct the taxes you owe on this $1 (based on the income you’ve told us about), then send the rest to your personal bank account. Boom. Easiest ~68 cents ever.
Step 3: Get paid
To make this relationship official, we need you to get paid through your Hnry Account. You can use Hnry Invoices to make this happen, or share your shiny new Hnry Account details directly with your clients. Easy!
When your first payment comes through your Hnry Account, two things will happen:
- We’ll calculate your taxes on that amount, then deduct them and send them to the ATO before firing the rest into your personal bank account. This all happens automatically, and we’ll do this every time you get paid.
- We officially become your accountant. This means we’ll take charge of:
- Managing your expenses
- Adjusting your tax rate (taking into account your income and deductions)
- Lodging all your tax returns and BAS, whenever they’re due
- Answering your gnarly tax questions. Jump into the app and send us a chat message to get started!
📖 Switching from Xero? Or from DIYing your taxes? No worries! We can get you moved over in a few quick steps.
You’re done! Mostly!
In most cases, you can sit back, relax, and let us manage your taxes from here. As long as all your self-employed income is paid into your Hnry Account, we’ve got you.
There are a couple things you may need to do, such as:
- If you haven’t already, let us know about your other income sources. Basically, to calculate the right tax rate for you, we need to know about all of your income – this includes income from permanent employment, income earned this financial year prior to joining Hnry, etc.
- Tell us about business expenses from before you joined Hnry. Once again, this is all about getting the right tax rate for you. If you’ve loaded expenses into your old accounting software, no worries – just get in touch with the team and we’ll help get you sorted.
📖 Speaking of which, did you know tax deductions can help you (legally) pay less tax? Here’s how to make the most of your business expenses with Hnry.
