Resources for accountants

No one starts a career in accounting to spend their days entering receipts…but that doesn’t stop some clients presenting you with a shoebox full of them when it’s time to do their tax return. Find out how Coconut will help you power through that particularly tedious task in no time.

Many thousands of sole traders all over the UK use the Coconut accounting app. Some of your sole trader clients might already be among them, but if not – how could using Coconut benefit them and you?

Calling all accountants and bookkeepers! Coconut’s software is now HMRC-recognised for handling MTD ITSA digital record-keeping and quarterly submissions requirements, and our Pilot Programme is now open.

Technology has the potential to drastically improve the way the accounting profession works with smaller clients. Below, we explore some of the wider benefits of sole trader digitisation, and why we should be thinking about it now—Making Tax Digital, or no Making Tax Digital.

When working with small clients, you may find yourself chasing receipts or manually entering data into spreadsheets. And as you well know, these aren’t the areas where accountants can add the most value. Here’s how tech could help you eliminate up to 80% of that work, provide more value to clients, and maximise your margins.

A huge proportion of unincorporated landlords own fewer than 5 properties, but aren’t serviced properly by the accounting software industry. With MTD ITSA on the horizon, this is an issue that needs resolving. In this guide, we discuss the accounting challenges of ‘non-professional’ landlords, and how accountants & bookkeepers can overcome them ahead of the 2026 deadline.

We commissioned Opinium to survey 500 UK sole traders to better understand their views on Making Tax Digital for Income Tax, how prepared they are for the changes, and what action they expect to take to become compliant with the rules. The results revealed an incredible opportunity for the accounting industry.

The extended tax season is over and so for accountants that means we’re gathering our thoughts and making our plans for 2022. What’s different this year is that it’s the last year before MTD ITSA really kicks in which will dramatically change how we work with sole traders. Read on below to learn how Coconut will support our Accountant Partners through this change.

2021 will be a year that we’ll remember at Coconut for a while. This year saw a big change in our business come to fruition.

“The key thing for all accountants is time saving and efficiency, because there are never enough hours in a day I think any accountant who looks into Coconut will realise the potential time saving is massive.”

The barefoot accountant provides accountancy services to creative sole traders who just want to be fabulously creative and not worry about the boring stuff. Operating from a shop front in Hertfordshire, the firm delivers personalised tax and accountancy services in a relaxed and judgement-free zone.