Coconut connects to your bank account to help you track income, claim expenses and work out how much tax you owe.
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.
Yes you can. We offer everyone a 30 day free trial (no credit card required), so you can see how Coconut works.
You can connect bank accounts and credit cards from over 25 UK providers. Take a look at the full list here.
Sole traders can connect their personal bank or current accounts to Coconut and begin to separate their business and personal transactions.
While sole traders are not legally required to have a separate business bank account, Directors of Limited companies are. So, anyone using Coconut for their LTD should only connect their business accounts.
You can get in touch with us through the in-app chat or by emailing email@example.com
From tips on taxes to self-assessments and expenses, we have advice for people in all stages of their business journey.
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.
Take a look at the latest sole trader tax rates for the 2021/22 as well as our advice on how to prepare for the new tax year.