Hnry is designed exclusively for independent contractors, freelancers, and sole traders who want an easy-to-use and low-cost accounting service that eliminates the risk of underpaying taxes and other obligations. Hnry is the only service (that we know of) that automatically pays taxes for sole traders.
Hnry is an online accountant and invoicing app that pays tax, ACC and all other gross deductions on your behalf. It also organises your income into reports, lets you send invoices and quotes, and lodge/claim back expenses against your income.
Hnry cost effective too – it’s a simple pay-as-you-go service with a variable fee based on how much you earn in self-employed income. You’ll pay 1% + GST on every $100 you earn, capped to $1,500+GST per year – you will not get charged more than $1,500 in Hnry fees.
As mortgage advisers we love when people are using Hnry as we know they will have their finances organised and no tax arrears.
You can try Hnry for FREE too.
The process of payment to bank deposit is simple:
- When you sign up to Hnry, you get given your very own Hnry Bank Account (operated by ASB).
- Clients pay into your Hnry bank account.
- Whenever you get paid, Hnry deducts the correct amount of income tax, GST, ACC levies, KiwiSaver contributions and any other deductions such as student loans, child support and other obligations.
- Once all deductions are finalised, Hnry pays whatever is left into your personal bank account. It sends you an email to tell you you’ve been paid.
- On a normal weekday, the standard process from Hnry detecting you’ve been paid to being paid net of deductions takes around four to six hours during business hours. For example, if a client pays you at 10am and it appears in your Hnry bank account at 12pm, Hnry should have your money in your bank account by 5pm or 6pm. This is the longest a payment will take on a weekday. Payment times vary from bank to bank, so it depends who you bank with and what their processing times are.
