Back in the old days, being a contractor used to come with a whole load of admin, hassle, uncertainty and cost.
From having to deal with traditional accountants, learning account software and setting aside the right amount of money for tax, through to making tax payments, getting insurance and managing your expenses.
These days though, contractors have the option of upgrading to Hnry - an all-in-one service that automates most tax & financial admin for contractors, taking all the hassle and uncertainty out of being self-employed. Hnry is a combination of accountancy services, revolutionary software, and a focus on making your life easier; it has rapidly become the default choice for anyone earning income as a contractor.
So when you upgrade to Hnry, what do you get?
1. Your own Hnry Bank Account
Every contractor using Hnry gets their own Hnry Bank Account, to have a single place to receive all their contracting income into. Every time you get paid, Hnry automatically calculates, deducts and pays the exact right amount of all your taxes, before immediately passing what’s yours on to a personal bank account of your choice - so you know what you get in your pocket is yours to keep.
- The account is automated - so you don’t need to reconcile transactions or ‘actively manage’ accounting software
- You always have certainty over how much money is actually yours, and all your taxes are fully paid
- You never have to make a tax payment again - ever - including Provisional Tax!
2. The Hnry App
Our desktop and mobile app is packed full of features to make your life easier. It’s designed specifically for contractors, saving you time and hassle:
- Raise your business and home office expenses, and get the tax relief on them immediately
- Track your finances over time, and get reports on your income, expenses and tax payments
- Set up automatic payments with our ‘Allocations’ feature - and pay a portion of your income to savings and investments, every time you get paid
- Raise invoices to your clients, and we’ll chase them for you if they go overdue. They can even pay online via credit card at no extra cost to you!
3. Expert Accounting Support
You get unlimited support from Hnry’s team of accountants and tax experts. As part of the service, we file all your tax returns (IR3, GST, ACC) immediately when they are due, so you get your refunds with no delays. We’re available to help you with any questions you might have - whether it’s about what you can claim as a business expense, how to set up Withholding Tax with your recruiter, if you should be registered for GST, or anything else related to your tax.
- We answer questions within minutes, not days
- We’re New Zealand’s expert when it comes to contractor tax
- We can handle any level of complexity you might have
The entire Hnry service is pay-as-you-go, so you only pay when you’re earning. There are no subscription costs, no hidden fees and no break clauses.
The service costs just 1% of your contracting income, capped at a maximum annual cost of $1,500 per year. That’s a lot cheaper than paying for an accountant, accounting software, 3rd party tools, and - most importantly - having to spend your own time managing financial admin.