If you’re an accountant whose sole trader and landlord clients use Coconut, you’ll know about the many benefits it brings.
Coconut is an easy-to-use accounting software solution that enables sole traders and landlords to conveniently record their income, track their expenses (so they don’t forget to reclaim any), manage their invoicing and work out how much to set aside for tax. Coconut gives your clients far greater control over their cash flow and finances, which brings peace of mind.
If your sole trader and landlord clients use Coconut, it also saves you time, effort and hassle, of course. It’s a classic win-win. Well, things are about to get even better thanks to the integration of Coconut and GoSimpleTax.
What is GoSimpleTax for accountants?
Award-winning software GoSimpleTax really does do “what it says on the tin”. Each year, it makes it really simple for sole traders and landlords to fill out their Self Assessment tax return and file it online with HMRC. Crucially, many accountants also use GoSimpleTax to file on their clients’ behalf. Already, more than 100,000 Self Assessment tax returns have been successfully filed by GoSimpleTax users.
GoSimpleTax is listed as a Self Assessment tax return-filing software solution on the HMRC pages of government website GOV.UK. GoSimpleTax also has an excellent reputation and enviable 4.6 star Trustpilot rating, with an avalanche of positive online reviews proving its popularity and value to users.
Earlier this year, Coconut was bought by the people who own GoSimpleTax. And now, just a few months later, GoSimpleTax is integrated with Coconut, providing benefits for users of both. So, how could it benefit accountants like you?
Time and cost-saving benefits for accountants
Accountants can create a free partner Coconut account. Then, at the click of a button, you can transfer key summary numbers from your client’s Coconut account to GoSimpleTax and they will appear in the correct place within the necessary tax return supplementary page. It really is that quick and easy, while removing the risk that you’ll enter the wrong figures into the tax return.
Crucially, from their Coconut dashboard, your clients won’t see that you’re using GoSimpleTax to complete and file their Self Assessment tax return. Access can also be controlled so that only specified people within a practice can gain access to a client’s tax return. Where necessary, view-only access may begiven, while only those given full access rights can file the Self Assessment tax return with HMRC.
GoSimpleTax also features automatic prompts, which act as reminders of which parts of the tax return must be completed (which can be useful for less experienced team members), before tax returns can be conveniently filed online with HMRC on behalf of clients.
FREE for accountants!
Busy accountants welcome anything that saves them time and enables them to work more productively. And although GoSimpleTax can save you time when you’re completing just one tax return, the time-savings really can be significant when you have lots of Self Assessment tax returns to get through.
This can make a huge difference in January each year when you may have many Self Assessment tax returns to complete and file. And the more tax returns that you can get through, the more you can take on, which means GoSimpleTax could enable you to not only save time and money, but also increase your earnings from Self Assessment tax returns.
That’s all well and good, but what about the cost? Normally, accountants pay a GoSimpleTax subscription to submit multiple Self Assessment tax returns on behalf of their sole trader and landlord clients. However, accountants who use Coconut will be able to also use GoSimpleTax for FREE, which is a price that’s guaranteed to bring a smile to any accountant’s face. Try GoSimpleTax today and see why so many other accountants love it (login via your Coconut partner account).