Cost-effective software that's built specifically for your smallest clients, ready for MakingTax Digital (MTD). Simple enough for them to engage with, but smart enough to streamline and optimise your practice's workflows.
Coconut is purpose-built for accountants supporting sole traders, landlords, and CIS subcontractors. It’s the smarter way to serve your smallest clients without adding to your workload.
Coconut is HMRC-recognised and ready for the upcoming changes. Easily manage MTD for IT for clients, even those with multiple income streams, all from one platform.
Clients get an intuitive mobile app they’ll actually use. You get real-time access to categorised transactions, receipts and bookkeeping data via the Accountant Platform.
Streamline your workflows and reduce admin, freeing up capacity to take on more clients.
Once your client is set up on the Coconut app, they’ll be able to do all of the following in just a few taps:
And with easy access to all of your clients’ accounting information through the Accountant Platform, your practice will be able to gather, prepare, and file data in a fraction of the time
The discovery of the Coconut app was a complete game-changer for our clients. It also ensures that they are ready for MTD for Income Tax well ahead of the implementation date, so everybody wins.
I’m a sole trader and use my personal account for many of my transactions, so Coconut has been a lifesaver. You can scroll through any bank accounts you link to it and nominate which are business and what category they fall under. Don’t know what I’d do without it.
Make managing your clients’ finances a breeze with Coconut's self-employed accounting software – sign up now and try it for free
Cloud accounting and professional landlord software is too complex and expensive for MTD clients’ needs, meaning you’ll lose both time and money by putting them on it. Coconut, on the other hand, is so simple that anyone can use it…even those resistant to new technology or change.
One of the biggest challenges with sole traders and individual landlords is that a huge proportion of them use non-dedicated bank and credit card accounts for some (if not all) of their business transactions. Coconut makes it easy for both you and your clients to unmuddle these transactions in just a tap.
Don’t waste valuable time being front-line support. By using Coconut’s MTD IT software for accountants, you can standardise and streamline your workflow, and manage a high volume of smaller clients much more efficiently – opening up capacity for new business as demand increases.
When Making Tax Digital for Income Tax Self Assessment comes into effect, more than four million sole traders and landlords will be affected. Coconut’s MTD IT software is specifically built to support these clients and their accountants through this transition and beyond. With our simple, cost-effective, and purpose-built tools, we’ll help you digitise your sole trader and landlord clients with ease.
And of course, with change comes opportunity: our data shows that an additional one million taxpayers who don’t currently use an accountant may be willing to pay for one to help them with MTD IT – presenting a major revenue growth opportunity to firms who ensure their software and processes are ready to meet the huge increase in demand.
Book a call with us to ensure you're ahead of the game.
Read how Coconut has transformed these practices’ processes
Easily separate, track, and report on your clients' multiple sources of income – whether they’re an unincorporated landlord with a small number of properties, self-employed with multiple businesses, or any combination of the two. All under one single licence.
Coconut makes it easy for subcontractors and their accountants to add back CIS deductions in a couple of clicks. This means that when their tax return is due, you can run our SA103S report for the tax year to get the figures for total turnover as well as the CIS tax withheld.
With complete visibility of your clients’ finances via the Accountant Platform, you’ll be able to access receipts, track invoices, and review and query transactions whenever you need to – meaning you can provide your clients with proactive, real-time advice and insights throughout the year.
To fit into their day-to-day lives, clients need to be able manage their financial affairs on the go, ideally on mobile. Even the most tech-resistant clients will often use a smartphone, so opting for Coconut’s mobile-first tool will be less intimidating than complicated web-based software.
Coconut’s app provides additional digital invoicing and tax-tracking tools that make it easy for clients to build good bookkeeping habits and keep their finances in order – saving you time (and sanity) when it comes to year end.
Coconut’s software is a good fit for all practices, regardless of how hands-on you are with your clients’ accounts. Once your client is set up on the app, they’ll be able to do all of their own bookkeeping – but if you prefer, you can also opt to take care of those tasks yourself.
If you’re ready to streamline the way you work with your sole trader & landlord clients, sign up to our Partner Programme today. Not only will you get full access to all of Coconut’s features – you’ll also be able to make the most of:
A selection of our most popular articles and guides for accountants and bookkeepers working with sole traders, unincorporated landlords, and CIS subcontractors.
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