We’re stoked you’re joining Hnry! But we also understand that it can be a big deal to hand your details over to a new company (even one as charming as we are).
So, to ease any concerns, here’s a quick walk through of everything we need from you, and what we need it for.
What you need to sign up for a Hnry Account
Your bank account details
Just the name on your bank account, as well as the account number, so we can forward you your earnings. That’s it.
We won’t be able to access your personal bank account, see your bank feed or transactions, or move your money around.
An email address and password
These will become your login credentials for the Hnry App.
💡 We will never, ever ask for your password. Not ever. If you get a request that appears to be from us asking for your password, it’s definitely a scam. Please report it!
Your IRD number
We need your IRD number in order to forward your taxes, levies, and student loan repayments to the right IRD account.
Your estimated annual earnings from all income sources
In order to calculate your sole trader taxes accurately, we need to know about any other income you might have, like:
- PAYE income
- Rental income
- Dividends
What type of work you do
Knowing what type of work you do means we can confirm you’re on the right ACC Work levy rate, so you’re not overpaying.
It also helps us make sure you’re claiming all the business expenses you’re eligible for.
Whether you’re GST registered
If you’re GST registered, we need to know so we can:
- Add GST to your prices when you create a Hnry Invoice
- Collect GST from your incoming payments and forward it to the IRD on your behalf
- Complete and file your GST returns, whenever they’re due
If you have a student loan
You’ll need to pay 12% of all income over the repayment threshold towards your student loan. Unfortunately, this includes any eligible sole trader income.
The good news is that we’ll calculate, deduct, and pay anything you might owe on your loan for you. You won’t even have to think about it.
We keep you safe
At Hnry, we take security very, very seriously. After all, we’re Australasia’s fastest-growing accountancy, processing $3 billion in payments annually, including 1% of Aotearoa’s tax revenue.
We’ve made sure we meet all security requirements necessary in order to integrate with the ATO (Australia’s IRD), and we’re ISO 27001 certified – an internationally recognised security certification.
We’re also trusted by thousands of sole traders across the globe, helping them sort all their taxes, manage their financial admin, and get paid on time.
If this sounds good to you, fantastic! Welcome to Hnry. We think you’re going to like it here.
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