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Hnry was founded in New Zealand and launched in Australia in 2021. Hnry requires you to get your income paid into a trust account which is held in their business name. Hnry then disperse payments to your nominated bank account, minus any estimated taxes. This means Hnry hold onto the tax money you owe to the ATO until the end of the year. It’s like the tax collector came to collect their tax early! It’s hard to know what happens with the money whilst they’re holding it, but when you consider that cashflow is king, it adds a huge burden knowing there is money literally just sitting there that you can’t touch. To top it off, Hnry charges you up to $1,500 a year depending on how much you make as a business.
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Managing your financial admin can be a real drain on your time and job satisfaction but there is a better way. Thriday is a new solution for a centuries old problem – managing your banking, accounting and tax. Thriday uses artificial intelligence to instantly interpret your transactions and apply them to a chart of accounts. This means as money hits your account, all your books are processed without lifting a finger. Thriday takes care of all your financial admin for only $29.95 a month. Say goodbye to time wasted, and say hello to Thriday.
Thriday acknowledges the Traditional Owners of Country throughout Australia and recognises their connection to land, water and community. We pay our respects to them and their cultures, and to Elders past, present and emerging.
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