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:
Scan and save receipts in the cloud
Categorise allowable expenses
Send and track digital invoices
Unmuddle business, property & personal finances
Track cashflow month to month
Know how much tax to set aside
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
Review and recode transactions in seconds
Easily access relevant records and receipts
Submit quarterly obligations and EOPS for all of your MTD ITSA clients, including those with multiple streams of income
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 ITSA 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 ITSA 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 ITSA – presenting a major revenue growth opportunity to firms who ensure their software and processes are ready to meet the huge increase in demand.
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 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.
Discounts on headline subscription rates and other rewards
Personalised client onboarding and training support
A dedicated and experienced Partner Success Specialist
Yes you can. We offer everyone a 30-day free trial (no card details required), so you can see how Coconut works.
Coconut is designed specifically for sole traders. Designed to give you a view of how your business is performing, help you work out how much tax you owe and track income and expenses. If you want to spend more time focusing on your business and not your accounting, Coconut is for you.
No, Coconut is not a bank and we do not offer banking or current account services. Coconut is a simple tax app for self-employed people and accountants.
Sole traders can connect their personal bank or current accounts to Coconut and begin to separate their business and personal transactions.
You can get in touch with us through the in-app chat or by emailing firstname.lastname@example.org.
You can connect bank accounts and credit cards from over 25 UK providers. Take a look at the full list here.
Yes, you can! Users on either of our plans can access Coconut Web on desktop. To log in, simply use your existing mobile number and pin.
A selection of our most popular articles and guides for accountants and bookkeepers working with sole traders, unincorporated landlords, and CIS subcontractors.