1. They prefer small business clients (not individuals)
Old school accountants don’t give much time to their self-employed clients, and instead give preference to their high-earning business clients.
To make self-employed clients profitable, some old school accountants will even structure your finances to make your taxes more complex than necessary - just so they can charge you more!
2. They peddle their overcomplicated accounting software
In addition to your accountant’s fee, you also have to pay monthly subscription fees to whatever overcomplicated accounting software they make you use - even when you’re not working.
Most accountants get huge kickbacks from software providers to push a particular brand of accounting software.
3. They get you to do their work for them
After getting an old school accountant, you quickly find out that you’re going to do most of their work for them.
You’re responsible for reconciling bank transactions, categorising expenses, making all your tax & Medicare payments, and filing your taxes at the end of each year.
4. They make you pay for help and support
Self-employed clients don’t make a lot of money for old school accountants, so when you call with a tax question, most accountants will charge by the minute.
5. They charge massive fees - even when you’re not earning
Old school accountants charge enormous fees at the end of each tax year. They don’t care how much you earn - or if you didn’t work half the year - the fee is always big!
Why Hnry is better…
1. Hnry is designed for self-employed Australians
The Hnry service is designed for self-employed contractors, freelancers, and sole traders.
Our accountants are experts on tax for the self-employed; our team is dedicated to making tax for independent earners as simple and stress-free as possible.
2. You get FULL access to our app - at no extra cost!
Hnry’s revolutionary app is simple and easy to use. You can use it to send invoices, raise expenses, allocate earnings to savings & investments - and so much more!
3. Hnry does the work for you
Hnry automates most of the things an old school accountant would require you to do. Whenever you get paid, Hnry automatically calculates, deducts, and pays all of your taxes!
Our accountants will reconcile your accounts, review your expenses, and store your expense receipts for the required 7 years - at no extra cost to you!
4. You get UNLIMITED access to Hnry’s team of expert accountants
We don’t charge our customers extra for help and support - it’s all part of the service. You can pick up the phone, send an email, or open up a chat any time of day and we’ll respond within minutes!
5. You get simple and fair pricing
We understand that self-employed income can be unpredictable - that’s why Hnry is a pay-as-you-go service. If you’re not earning, you won’t pay any Hnry fees.
For most self-employed Australians, our simple 1% fee will cost you less than an accountant and their software combined!
Hnry gives you more
With Hnry you get all your taxes paid and filed (Income Tax, GST and Medicare), all your business and home office expenses reviewed by expert accountants, as well as getting great software for invoicing, quoting, and personal financial management.
Hnry gives you way more than accounting software, expense apps and calculators.
|What You Need||Hnry||Traditional Offline Accountant|
|GST returns filed for you||Yes||Yes|
|Core App Features|
|Unlimited Invoicing and Quoting||Yes||No•|
|Receive Online and Overseas payments||Yes||No•|
|Receive payments via an mPOS Terminal||Yes||No•|
|Create Automatic Payments||Yes||No•|
|Log Business and Home Office Expenses||Yes||Yes|
|Your Expense Receipts stored for 7 years||Yes||Yes|
|Optional Professional Insurance (fees apply)||Yes||No•|
|No fixed terms or subscriptions||Yes||No•|
|Unlimited Support from Registered Tax Agents and Accountants||Yes||Yes|
|An Expert Team to review your Business Expenses||Yes||Yes|
|We represent you to ATO||Yes||Yes|
|We represent you to Medicare||Yes||No•|
|Optional Additional Services (fees apply)|
|Tax Filings for Registered Businesses||Yes||Yes|
|Rental Property Filings||Yes||Yes|
|Closing Companies / Making Dormant||Yes||Yes|
|Preparing Annual Reports & Financial Statements||Yes||Yes|
|Financial Analysis & Mentoring||Yes||Yes|
|Foreign Investment Fund Calculations||Yes||Yes|