Coconut is the business account that helps you with your accounting and tax. We’re focused on making it as simple as possible to run the finances side of working for yourself.We launched our Start plan last year, which was designed for when you’re just starting out or have a side business.Now, we’ve introduced our first paid plan, designed for your full-time business. The Coconut Grow plan.Our mission is to free people from business admin by combining banking and accounting into one simple product. And the Grow plan is the next step in us doing that.Our research found that the journey to working for yourself is often a gradual one. What starts out a side gig develops into a fully fledged business.Our Start plan is designed for when you’re just starting out in business, or if you’re starting a business on the side of your day job. There are no monthly fees, helping with cash flow in those early days.
And now we’ve launched our Grow plan. It’s designed for your full-time business. It comes with unlimited invoicing, free foreign exchange on card purchases abroad, and free replacement cards. It costs just £5 per month plus VAT.And we’ve got lots more in the pipeline, including upgrades to our invoicing features, support for VAT and more.
If you hit any limits on the Start plan, such as your invoice limit, you’ll be prompted to upgrade to the Grow plan in the app.But to upgrade at any time, head into the More tab in the app and tap on “Your plan”:
Coconut’s not just a current account. It’s your bookkeeping software and receipt capture tool too, which means you don’t have to pay for other tools.It helps you be prepared for your tax return and work with your accountant seamlessly too.We’re constantly adding improving to our Grow tier, so keep an eye out.
The SEISS has been extended until September, and there has been one significant change for the better. The grant has been extended to ~600,000 people who were previously excluded by including those who filed a 2019/20 Self-Assessment tax return by midnight 2nd March.
Self-taught jeweler, Esh, speaks to us about the complexities of building her own jewelery business. But also, how rewarding the process has been.
For Paul, Covid-19 has brought many collaborations that will help his business to boom once the pandemic is over. Find out how he's adapted in this interview.