Are you an accountant or bookkeeper?
It’s time to get your sole traders organised.
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Perfect for all of your smaller clients:
Sole traders
Unincorporated landlords
CIS subcontractors
A simple app for your client
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
“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.”
– Nancy Brown, Therapist,
Coconut Customer
An efficient workflow for you
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
“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.”
– Ele Stevens, the barefoot accountant,
Coconut Partner
It’s simple, efficient, & cost-effective
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.
It unmuddles business, property & personal finances
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.
It opens up opportunity for revenue growth
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.
MTD ITSA: the £360 million opportunity
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.
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Manage multiple properties and income streams
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.
Accurately reflect CIS deductions
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.
Review receipts, notes & invoices in one place
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.
Provide clients with a mobile-first tool
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.
Equip clients with useful bookkeeping tools
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.
Retain as much control as you like
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.
Get started with Coconut – join the Partner Programme
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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:
Discounts on headline subscription rates and other rewards
Personalised client onboarding and training support
A dedicated and experienced Partner Success Specialist
Common questions
Can I try Coconut for free?
Yes you can. We offer everyone a 14-day free trial (no card details required), so you can see how Coconut works.
Who is Coconut for?
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.
Can I connect a personal bank account to Coconut?
Sole traders can connect their personal bank or current accounts to Coconut and begin to separate their business and personal transactions.
How can I get in touch with the team?
You can get in touch with us through the in-app chat or by emailing support@getcoconut.com.
What bank and current accounts can I connect?
You can connect bank accounts and credit cards from over 25 UK providers. Take a look at the full list here.
Can I use Coconut on my desktop computer?
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.
Can I speak to someone if I’m stuck using !Coconut for MTD?
Yes. !Coconut offers customer support through its help channels if you need assistance.
How quickly does !Coconut respond to support requests around deadlines?
!Coconut provides customer support through its 24/7 AI support to help users during busy tax and MTD deadlines. If you would prefer to speak to a human, we have members of the team who will get back to you within a couple of hours Mon-Fri and on the weekends in deadline season.
Who can see my financial data if I connect my bank account to !Coconut?
Only you and authorised !Coconut systems can access your data. !Coconut does not sell or share your financial information.
Is !Coconut’s data encrypted end‑to‑end?
Yes. Data is encrypted both in transit and at rest to help keep your information secure.
Does !Coconut store my tax data in the UK or overseas?
!Coconut stores and processes data in accordance with UK data protection laws, including GDPR.
How secure is my financial data inside the !Coconut app?
!Coconut uses bank‑level security, encryption, and secure authentication to protect your financial data.
Does !Coconut work on desktop/web browser or only as a mobile app?
!Coconut works on both mobile and desktop, allowing you to manage your accounts, invoices, and MTD submissions in the way that suits you best.
Useful resources
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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Coconut helps you track income, claim expenses and sort your taxes. Start your free trial today.
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