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It’s time to get your sole traders organised.
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Stay on top of your tax return with our Self Assessment software
Everything is easier when you break it down. Coconut’s app 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.
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, so that when the time comes, you can 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 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.
Common questions
How does the tax savings suggestion work?
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.
Can Coconut help me do my tax return?
Definitely! Our tax return and Self Assessment software will make doing your tax return a breeze. In our Tax tab on Coconut Web, we’ve broken down the process of preparing for your Self Assessment into six clear steps, and made it really easy for you to find the information you need for your tax return. We’ve also included some handy resources to guide you through the process.
Which numbers do I use for my Self Assessment?
We've put together this detailed guide all about how to find the right numbers for your tax return using our software.
How can I get in touch with the team?
You can get in touch with us through the in-app chat or by emailing support@getcoconut.com.
Can I try Coconut for free?
Yes you can. We offer everyone a 30-day free trial (no card details required), so you can see how Coconut works.
What bank and current accounts can I connect?
You can connect bank accounts and credit cards from over 25 UK providers. Take a look at the full list here.
Tools, tips and interesting reads
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Sole Trader Tax Rates for the 2021/22 Tax Year
Sole traders: read on to find a list of the UK's Personal Allowance, income tax and National Insurance rates for the 2021/22 tax year.
What Is Making Tax Digital (MTD)? The Ultimate Guide for Sole Traders
Are you ready for Making Tax Digital, or still figuring out what that means? This post contains everything you need to know to prepare for the new system and simplify your tax admin—so you can focus on the stuff that really matters.
How to Get the Right Numbers for Your Tax Return Using Coconut
We know that doing your Self Assessment can be a bit overwhelming. But it doesn't have to be that way. This guide will show you how to use the Coconut app to find the key numbers you need to fill in your tax return.
Coconut helps you track income, claim expenses and sort your taxes. Start your free trial today.
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