Hnry is a comprehensive financial management service tailored for sole traders, freelancers, and self-employed individuals. It simplifies tax obligations by automatically calculating, deducting, and paying all taxes—including income tax, GST, ACC levies, and student loans—whenever clients receive payments. Additionally, Hnry provides a suite of tools for invoicing, expense tracking, and financial reporting, ensuring users can focus on their work without the burden of financial administration.
Key Features and Functionality:
- Automatic Tax Calculations and Payments: Hnry calculates and remits all applicable taxes in real-time as income is received, ensuring compliance and eliminating the risk of unexpected tax bills.
- Invoicing and Payment Management: Users can generate and send unlimited invoices directly through the Hnry app. The platform also offers payment options, including credit card acceptance at no extra cost, and follows up on overdue invoices.
- Expense Tracking: By simply snapping a photo and entering details, users can log expenses, which are reviewed by Hnry's accountants to ensure appropriate tax relief.
- Financial Allocations: Hnry allows for automatic distribution of earnings to savings, investments, or other accounts, providing users with greater control over their finances.
- Dedicated Accounting Support: The service includes filing of all tax returns and offers personalized assistance from a team of accountants specializing in sole trader taxation.
Primary Value and User Solutions:
Hnry addresses the common challenges faced by self-employed individuals by automating complex tax processes and consolidating financial management tasks into a single platform. This integration reduces the time and effort spent on administrative duties, minimizes the risk of tax errors, and ensures timely compliance with tax obligations. By handling these critical aspects, Hnry empowers users to concentrate on their professional activities, enhancing productivity and financial peace of mind.