Tax savings suggestion relates only to your self-employed income. The number is calculated based on the self-employed income and expenses you’ve categorised in the Transactions tab, any adjustments and allowances entered in your Tax profile and the set-aside rate you've selected. Check out our article to find out more about what information we collect and how it impacts your tax savings suggestion.
Sort your taxes
Everything is easier when you break it down. Coconut’s tax return software helps you prepare for your tax return throughout the year—so you can do your Self Assessment in minutes rather than days, and never have a surprise tax bill.
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Know how much you need to set aside for tax
Based on the self-employed income, expenses, and adjustments you’ve recorded in Coconut, we’ll give you a ‘tax savings suggestion’—so you know how much money you should set aside for your tax bill.
Understand what expenses you can claim
We’ve included helpful guidance throughout the app so you know exactly what you can and can’t claim as a business expense—and make it easy for you to categorise all of your transactions, ready for your tax return.
Prepare for your Self Assessment in a flash
Get the numbers you need to complete the self-employment part of your tax return straight from the app. Our tax return software is designed to slash the amount of time it takes you to do yours.
Work smarter with your accountant
Say goodbye to downloading and sharing bank statements; if you have an accountant taking care of your finances, our tax return software makes it easy for you to share all of the relevant paperwork with them.
Be ready for Making Tax Digital ahead of time
With Making Tax Digital for Income Tax, self-employed people will have to complete four tax returns every year, using a digital solution…like Coconut. Get started now to be ahead of the game.
MTD software for:
Sole traders
Simplify your tax reporting with MTD-compliant software designed for sole traders. Track income and expenses, store invoices and receipts securely and submit your returns with confidence, saving time and reducing errors.
Landlords
Track rental income and expenses per property, get automatic totals for multi-property portfolios and complete MTD property submissions with ease using our MTD compliant software. Store invoices, repair bills and tenancy documents securely in one place.
CIS Subcontractors
Keep track of CIS deductions and offsets, submit MTD-compliant returns for mixed income and upload monthly CIS statements. Snap receipts on-site, categorise trade expenses and get real-time profit and cashflow insights with our MTD compliant software.
Helping accountants manage MTD for Income Tax for their clients, without the admin headache
Common questions
What our Coconut community says
Coconut: the accounting & tax app for self-employed people and landlords
Start your 14-day free trial
- No card details required
- FCA authorised
- Bank level security
