27/03/2026
📣 Sole traders: EOFY is here! Click here for everything you need to know about tax refunds 👉 https://onhnry.co/nz-eofy-what-is-a-tax-refund
➡️ What is a tax refund?
A tax refund is, quite simply, a refund paid to you if you overpay your income tax.
It’s not uncommon to accidentally underpay or overpay income tax. This is mostly because how much you’ll earn in any given financial year can be difficult to predict.
💜 With Hnry, we provide immediate tax relief as we make payments throughout the year, so you don’t need to stress about tax refunds!
➡️ This means that tax refunds are not:
❌ A refund of business expenses claimed
❌ An IRD miscalculation, resulting in you paying too much tax
❌ Paid to you by Hnry (we make payments to IRD as you go, meaning you get immediate tax relief when you’re with us. If you do end up receiving a tax refund, IRD pays this)
☹️ Confused? Find out why these aren't tax refunds here: https://onhnry.co/nz-eofy-what-is-a-tax-refund
➡️ How do I get one?
To get a tax refund, you need to be eligible for one! You’ll automatically get a tax refund if you’ve paid more in income tax than you actually owe.
You’ll need to submit a tax return - and calculate how much you owe in income tax, and whether or not you’re owed a tax refund, or have an outstanding bill. That‘s a lot of work...
🎉 But that’s why Hnry does it all for you! ✨
Disclaimer: This is general information only, not direct tax advice. If you're looking for specific help with your tax, join Hnry, and our team of experts can provide you with tailored tax assistance.
