With MTD for sole traders on the horizon, now’s the time to get your sole trader clients organised. Built by accountants, Coconut has been designed to make preparing SA103S quick, simple and profitable.
“We find Coconut is the best accounting software for our sole traders because clients love it and it saves us a lot of time on bookkeeping so we can help our clients in more valuable ways.”
Coconut connects with 25+ UK bank accounts and credit cards, and handles the re-authentication process directly with your clients. With everything already categorised for tax, all you have to do is export their data and import it into your preferred tax return software.
“As Coconut works with over 25 banks and credit cards, I could move all my sole trader clients over really easily. Now I can onboard sole traders in minutes and the rest is taken care of.”
The category auditing tool allows you to review transaction categories and their contents at a glance. Edit in bulk to make preparation for filing much easier.
Simply copy and paste the SNF report from Coconut into the filing software you use, whether it’s Taxfiler, TaxCalc or any other. You can also download a category summary or detailed report for maximum flexibility.
Coconut works for all your sole trader clients, regardless of where they bank and we provide a simple way for your client to avoid re-authentication issues with Open Banking. We make sure they're always connected so you don’t have to feel the pain every three months like you do with Cloud Accounting.
Whether you’re just getting started or have been self-employed for years, we have a plan for you.
Categorising transactions for tax is essentially your bookkeeping, and good bookkeeping is critical to making sure you pay the right amount of tax.
Depending on your plan, each month you get a free allowance for the number of transactions you can categorise for tax (we do this automatically for you if you have a business account connected to the app). This includes both income and expenses.
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.
With Coconut, you can connect accounts from over 25 UK banks. Take a look at the full list here.
6th April marks the first day of the new tax year. Here's everything you need to know to start the new tax year off right.