Your Hnry Bank Account Tax for sole traders Never think about tax again!

At the end of the tax year, Hnry’s team of accountants also look after my tax filings and do my tax returns for me. Hnry gives me the confidence that all of my tax affairs are all taken care of – so I can actually focus on doing what I love. Not faceless robots or AI, we’re a local team of real, human sole trader tax experts who are here for you and specialised in your industry. Bookkeeping involves tracking financial records such as income, deductions, credits, and expenses on a weekly or monthly basis.

Support from freelancer tax experts

It began when James Fuller and his wife, Claire, created a simple spreadsheet to manage his contracting finances. What started as a personal solution quickly gained traction among friends, prompting the couple to launch Hnry in Wellington in 2017. In the past, I had tried other accounting software to do my GST returns – assuming they’d send it all from the accounting software. I soon realised after receiving an unexpected tax bill I hadn’t actually paid it. Get everything you need to run your sole trader business all in one place. Send invoices, raise and manage your expenses, and stay on top of your finances, all in the Hnry app.

Xero: Comprehensive Accounting Software for Businesses

By signing up for Thriday, you can benefit from advanced AI that automates your banking, accounting and tax for a fraction of the cost of Hnry. When you earn income with Thriday, effortlessly configure automated allocations to send a percentage of your earnings directly to accounting for startups your preferred bank account. Unlike Hnry, where you’re limited to distributing only up to 45% of your income, Thriday empowers you to take control.

How to do bookkeeping for a startup?

Whether you’re doing it all yourself, or you’re using a mix of software, spreadsheets and an accountant. In minutes you can be up and running with Hnry – and finally get peace of mind that your tax payments are always up-to-date. Step into this one-stop-shop solution for your accounting and tax needs – Hnry provides everything you need in one easy-to-use platform, making it simple and stress-free to manage your finances. While many startup founders choose to hire an accountant, it is possible to do accounting yourself or by using accounting services. Writing offers or invoices, paying your bills or preparing your tax return is easier than ever with lexoffice. So whether you’re a small business owner or a sole trader, choosing the right accounting platform is essential for managing your finances and staying on top of your tax obligations.

Q: Do I need accounting software if I’m just starting out?

Hnry’s reports give you an overall breakdown of income and expenses, separate expense and payment summaries, and statements for purchases made via a Hnry debit card. An algorithm decides how much tax you pay to the ATO and when – meaning you have less control over your cash flow throughout the year. For instance, you’ll be asked to add your business name and whether you’re registered for GST. You’ll also be prompted to connect your bank account and customise your invoice template. Plus, it’s important to me to get paid into my own bank account (I’ve got a regular automatic transfer into a ‘tax’ savings account) so I can earn interest and have cash available for rainy days. I reached out to the Hnry customer support team when a client had overpaid an invoice.

As a tool designed to simplify financial management https://dimensionzen.com/streamline-your-finances-with-expert-accounting-services-for-startups/ for freelancers and sole traders, the simple reporting functions are likely intentional to reduce overwhelm. Being able to monitor your startup’s financial health helps you make data-backed decisions for the betterment of your startup. We automatically pay and lodge taxes, provide a service for admin management, and become your accountant. In short – we get it done, so sole traders never have to think about tax again.

They send you a quick and easy form to complete, and in a few clicks, your tax is filed. With Hnry you’ll pay the right amount of tax every time you get paid, giving you more control over your own money. We review your expenses as you go, so you keep more of your hard earned cash.

• I reached out to the Hnry customer support team when a client had overpaid an invoice.
• What started in New Zealand as a side project born from frustration has grown into one of Australasia’s leading digital accountancy platforms for sole traders.
• Hnry’s team of accountants make it so easy at the end of the tax year.
• Ember developed a fintech platform that combines accounting and tax services into a single, automated tool for businesses.
• Behind Hnry, I know that there are knowledgeable accountants that are there supporting me.
• Tax management is the major selling point of Hnry, so it naturally has the advantage here.

Take this quick tax quiz to determine how much money you could save by using Thriday. You can’t consistently turn a profit unless you’re getting paid on time — so invoicing is a core function of accounting tools. Hnry’s debit card comes at no extra cost, but consider the effort of redirecting any existing direct debits from your bank account or subscriptions/payments linked to an existing credit/debit card. However, Hnry keeps customer funds separate from its business operations, held in trust, and protected from creditors should the business close. In 2025, the accounting software landscape is brimming with tools that simplify bookkeeping, automate repetitive tasks, and offer real-time insights.

• Additionally, Zoho’s accounting software offers a variety of tax features to ensure your business stays tax-compliant.
• Stop waiting until the end of the financial year for your tax refund.
• Tech That Just WorksThis isn’t accounting software that makes you cry.
• It has a lot of potential if you only want a cost-effective finance tool.
• Most accounting software for startups will automatically compare bank accounts with general ledger entries.
• This may include receipts, tax forms and returns, bank and credit card statements, and proof of payments.

Tools

By considering the features and benefits of platforms like Hnry and Thriday, you can make an informed decision that meets your accounting needs. Thriday’s team of experts will handle the switching process, including transferring your financial data and ensuring that all tax obligations are current. Once the transition is complete, you can use Thriday to manage your accounting, tax, and financial affairs. Rillet builds an AI-native ERP platform to automate accounting for companies with complex revenue models.