The best alternative to Hnry for Australian sole traders
You work hard for your income. You shouldn’t have to give away a percentage of it just to manage your tax.
TaxTank’s sole trader tax software gives you everything you need to manage income, expenses, invoices, GST and deductions while seeing your complete tax position throughout the year.
Keep your existing bank accounts. Control your own tax payments. Use your own accountant or self-lodge.
All for one fixed price of $108 per year.
- No Credit Card Required
- Built for Australian Sole Traders
Hnry manages your tax for you, while TaxTank puts you in control
Hnry combines an app with its own accounting service. Your income passes through Hnry, tax is deducted before you receive it and its accountants manage your expenses and lodgements.
Handy if you want to hand everything over.
TaxTank takes a different approach by giving you the tools and tax calculations so you keep control of your money, records and decisions.
You can see how much tax you owe, understand what is changing the result and decide how and when to make your tax payments.
Because knowing where you stand is far more useful than simply being told it has been handled.
As seen in
TaxTank vs Hnry at a glance
Hnry is designed for sole traders who want its accountants to manage their tax for them. TaxTank is the better alternative to Hnry for sole traders who want to control their money, manage more of their business and see their live tax position throughout the year.
More control. More capability. One fixed price.
Hnry
- Charges 1% plus GST of your income
- Requires a Hnry Bank Account
- Hnry deducts your tax
- Shows tax managed through Hnry
- Uses Hnry’s accountants
- Expenses reviewed by Hnry
- Manage one sole trader business
- Other income entered manually
- Limited foreign sole trader income support
- Limited asset and depreciation management
- No business loan management
- Separate vehicle logbook app
- No home office diary
- Built around Hnry’s accounting service
TaxTank
- Pricing is fixed at $108 per year
- Use your existing bank accounts
- You control your tax payments
- Shows your complete tax position live
- Use your accountant or self-lodge
- You control your expense records
- Up to six businesses under your ABN
- Connect PAYG, property and investments
- Converts foreign income to AUD and calculates the tax
- Built-in assets, depreciation and small business pool
- Built-in business loan tracking
- Vehicle expenses and logbook in one place
- Built-in home office diary
- Built around your complete financial life
This comparison was reviewed in September 2026 using publicly available product information. Features and pricing may change.
Your tax position is bigger than one business
Sole trader tax is calculated on you as an individual, not just the income passing through one business account.
You may have a regular job and a side hustle. You might run more than one business, earn money from overseas clients, own an investment property or invest in shares and cryptocurrency.
It all affects the final result.
TaxTank can bring together:
- Up to six sole trader businesses under your ABN
- PAYG income and tax already withheld
- Foreign sole trader income converted to Australian dollars
- Rental income, expenses and negative gearing through Property Tank
- Shares, cryptocurrency and capital gains
- Work-related and other supported deductions
As your records change, so does your live tax position.
No waiting until tax time. No wondering whether one part of your financial life has been missed. Just a clear view of where you stand 365 days a year.
More tools for actually running your sole trader business
TaxTank isn’t built around an accounting service. It’s built around you, your sole trader business and your complete financial life, making it the better alternative to Hnry.
Manage multiple businesses
Run more than one business? No problem. Sole Tank lets you manage up to six sole trader activities under your ABN and see how each contributes to your overall result.
Record foreign income
Received sole trader income from an overseas client? TaxTank converts it to Australian dollars and includes it in your live, calculated tax position.
Manage assets and depreciation
Record business assets, depreciation, private-use percentages and small business pool calculations without waiting for someone else to process them behind the scenes.
Keep your deduction records together
Manage vehicle expenses, logbook information and working-from-home records with TaxTank’s built-in Home Office Diary. No separate mileage app. No separate home office diary. No mystery spreadsheet you will forget about by June.
See live tax position
See how your recorded sole trader income, deductions and other taxable income contribute to your overall tax position.
Choose your own accountant
Invite an accountant you already know and trust, or use your TaxTank reports to prepare to self-lodge through myTax.
Your accountant can change. Your financial records do not have to.
Keep your money, know your tax and stay in control
TaxTank gives you the tools to manage more of your business and understand your complete tax position without handing over a percentage of your income.
You don’t need to know tax. You just need TaxTank. It knows the rules, so you don’t have to.
The more you earn, the more you save with TaxTank
Hnry charges 1% plus GST of your self-employed income, capped at $1,500 plus GST per year.
TaxTank’s price stays at $108 per year.
If your business is doing better, that’s brilliant, but it doesn’t mean your tax software should keep getting more expensive.
With TaxTank, Sole Tank remains $108 per year whether you earn $30,000, $100,000 or more. You can view all TaxTank pricing and Tank options before starting your free trial.
Annual sole trader income
Hnry fee including GST
TaxTank
$30,000
$330
$108
$60,000
$660
$108
$100,000
$1100
$108
$150,000
$1650
$108
Why TaxTank is the better alternative to Hnry
Hnry is built for sole traders who want an accounting service to manage tax for them.
TaxTank is built for sole traders who want to keep control of their money while the software handles the tax rules and calculations in the background.
You can manage up to six businesses, connect employment income, properties and investments, use your existing bank accounts and choose whether to self-lodge or work with your own accountant.
One fixed annual price. Your money stays in your control. Your complete tax position stays visible.
That would preserve the argument without another long list.
Hnry’s current official pricing confirms the 1% plus GST fee, capped at $1,500 plus GST, and that payments go through the Hnry Account.
It's easy to get started!
Getting started with TaxTank is simple and affordable.
For just $9/month, you get access to the best sole trader tax software that lets you manage your sole trader income and tax.
- Free Trial
- No Credit Card Required
- Cancel Anytime
SOLE TANK
Simply add Sole Tank so you can manage your sole trader tax in one simple platform.
$9/month
Paid Annually
See why Australian sole traders use TaxTank
TaxTank helps sole traders replace spreadsheets, scattered receipts and disconnected financial apps with one clear view of their business and individual tax.
Frequently asked questions
What is the best alternative to Hnry?
TaxTank is the better Hnry alternative for sole traders who want more control over their money, records and tax.
It offers fixed annual pricing, supports multiple businesses and provides dedicated tools for foreign income, depreciation, business loans, vehicle records and working-from-home deductions.
How is TaxTank different from Hnry?
Hnry combines software with its own accounting service. It deducts tax from business income and its accountants manage expenses and lodgements.
TaxTank gives you the software and calculations to manage your own tax position. You keep control of your money and choose whether to self-lodge or work with your own accountant.
Is TaxTank cheaper than Hnry?
TaxTank’s Sole Tank costs $108 per year regardless of how much you earn.
Hnry charges 1% plus GST of your self-employed income, capped at $1,500 plus GST per year. Hnry’s fee includes its accounting and lodgement service, while TaxTank provides software that lets you manage the process yourself or work with an accountant you choose.
Does TaxTank take money from my income?
No. TaxTank does not hold your money, deduct tax or make payments to the ATO.
You keep using your own eligible bank accounts and remain in control of when and how your tax is paid.
Does TaxTank tell me how much tax I owe?
TaxTank automatically calculates your live tax position throughout the year using the information recorded in your account.
This can include sole trader income, PAYG income, deductions, properties, shares and cryptocurrency.
Can I manage multiple businesses with TaxTank?
Yes. Sole Tank lets you manage up to six sole trader activities operating under your ABN.
Each business can be tracked separately while still contributing to your complete individual tax position.
You can also manage as many businesses excluded from your personal tax calculations as you want.
Can TaxTank handle foreign sole trader income?
Yes. TaxTank converts foreign sole trader income into Australian dollars and includes it in your live tax calculations.
Take control of your sole trader tax today
You should not have to give up a percentage of your income or hand control of your tax to someone else just to stay organised.
TaxTank gives you the tools to manage more of your business, understand your complete tax position and make informed decisions throughout the year.