Tax App vs. Hnry: Why Tax App Is the Best Choice for Businesses

If you’re a sole trader, freelancer, or business owner, you know that managing your taxes can be tricky. You want to make sure that you’re submitting accurate information and doing everything by the book. That’s why so many people are turning to online tax management services like Tax App and Hnry. But which one is better? Let’s take a look at why Tax App might be the superior option. 

Tax Savings

If you’re a business or freelancer, you know how important it is to save taxes. But when your business grows, relying on a traditional Sole Trader structure may not be the most tax-advantageous option. This is where Tax App can help – it provides services for various structures as an alternative to Sole Trader, enabling businesses and freelancers to make smart tax decisions that are tailored to their individual needs. However, Hnry fails in this regard – it only offers services for Sole Traders, leaving businesses and freelancers with no other options but bad advice and higher taxes. Let’s explore why Tax App is the better choice. 

Tax Structures Offered by Tax App 

Tax App offers services for Trusts and Companies in addition to the standard Sole Trader structure. This puts businesses and freelancers in control of their own tax savings since they can choose which structure works best for them based on their individual needs. For example, if you’re a sole trader looking for additional tax savings, you can opt for a Company or Trust structure instead of relying on the traditional Sole Trader model. Additionally, Tax App’s advisors have extensive knowledge and experience in taxation law that can help guide you towards the best solution for your business. 

Services Offered by Tax App 

Tax App goes beyond just offering various tax structures – it also provides comprehensive services such as setting up companies, preparing financial statements and filing annual returns. These services enable you to take care of all your accounting needs without having to hire an accountant or bookkeeper. Plus, the process is streamlined so that everything can be done online from start to finish – making it much easier and less time consuming than traditional methods. 

When it comes down to it, there’s no doubt that Tax App is the superior choice for businesses and freelancers looking for alternatives to the traditional Sole Trader structure. With its comprehensive range of services including setting up companies and preparing financial statements, plus its competitive pricing model – there’s simply no comparison between Tax App and Hnry when it comes to saving taxes! So if you’re looking for smarter ways to save tax while growing your business or freelance career - then look no further than Tax App!

Flexibility of Your Own Bank Account

Tax App is not just a platform, but an online accounting firm that allows you to choose your own bank account and transact at your own will. In contrast, Hnry requires you to open their own bank account with fewer control options over your business’ cash. Even though both services offer tax returns filing services, the biggest difference between them is how they handle the income received by freelancers or sole traders. 

The main benefit of Tax App is that it allows users to manage their finances in a more flexible way than other platforms like Hnry. It does this by allowing them to open their own bank account and make transactions as they wish instead of relying on a pre-determined set of rules from their platform provider. Additionally, Tax App offers customised tax returns filing services tailored specifically for freelancers or sole traders. It also provides helpful advice on how to maximise deductions and minimise taxes so that users get the most out of their income. Lastly, Tax App integrates with bookkeeping software providers such as Xero providing users with access to comprehensive financial insights into business performance including profit & loss statements as well as cash flow projections. 

On the other hand, when using Hnry users are required to open up an account with them before being able to use any of their services. This means less control over finances and more limited flexibility when making transactions or filing taxes compared to what’s available with Tax App. Additionally, while Hnry does provide some basic tax return filing services they do not offer customised tax advice or integrated financial insights like what’s offered by Tax App. 

Tax App Is Cheaper

Tax App has several features that make it an attractive option for small businesses and freelancers. One of its standout features is its pricing structure. Tax App offers different subscription plans starting as low as $50 per month, depending on your needs. It also provides access to tax advisors who can help you navigate complex tax issues, as well as providing detailed reports to help you track your spending and find potential deductions. 

In contrast, Hnry’s pricing model is less straightforward than Tax App’s. Hnry's prices are linked to your revenue—the higher your revenue, the higher your price will be. This can end up being more expensive than Tax App depending on how much revenue you generate each month. 

Software Compatibility & Chartered Accounting Services 

Tax app allows users to choose any bookkeeping software they prefer such as Xero, Quickbooks, MYOB, Reckon, Sassu, Freshbooks, Zohobooks etc., while Hnry requires users to use their own platform resulting in reports that may not be as comprehensive or accurate as those generated by other software options available through Tax App. Also with Hnry's plarform users have no options available to integrate with third party software’s

Additionally, Tax App is also a Chartered Accounting firm meaning that they are able to provide more comprehensive advice on tax filing and other accounting matters compared to Hnry. 

Conclusion

As we can see, there are several reasons why choosing Tax App over Hnry might be beneficial if you need help managing your taxes as a sole trader or business owner. From choice of bank account and compatible software programs down to pricing structure and even offering chartered accounting services, it seems clear that going with Tax App could give you greater control over your finances in the long run—so it’s worth considering if this service meets all of your needs!

At the end of the day, when selecting a tax solution provider it really comes down to what best suits your individual needs as well as budget constraints . If you're looking for an affordable option that also provides access to experienced bookkeepers and Chartered Accountants plus giving freedom on choice of bookkeeping software then Tax App is definitely worth considering over other options like Hnry. So if want make sure paying taxes doesn't become a burden on your resources look no further than Tax App !