Coconut makes it easy to track your income, claim expenses and work out how much tax you owe.
Coconut is the smart, simple, and effortless accounting software that every sole trader needs in their life. With Coconut, you can get exceptionally organised, spend less energy on financial admin, and free up your time to do what you do best: running your business.
With easy-to-access figures at your fingertips, it’s easy for sole traders to work out how much you can afford to pay yourself or re-invest into your business each month.
Our software allows you to take photos of receipts and securely store your sole trader paperwork in the cloud, so your records of self-employment are accessible whenever you need them.
Coconut’s software makes it easy to capture and categorise all of your transactions—so you can be sure you’re claiming all the tax relief you should be as a sole trader.
Our accounting software tracks your self-employed income, student loans, rental and PAYE income in one place, to give you an accurate estimate of how much you need to set aside for tax.
In just a couple of taps, you can send custom invoices and manage your self-employed income straight from the app. Handy reminders will help you keep on top of late payers, too.
If you have one, your accountant will also get real-time access to your transactions, receipts and invoices via Coconut—so they can spot problems, troubleshoot, and provide you with support right in the moment.
From self-employment tax tips to sole trader expenses, we have advice for people in all stages of their freelancer journey.
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.
Self Assessment tax returns are a key task in every sole trader's to-do list. In this guide, we cover everything you need to know about completing your tax return for HMRC, so you know exactly what income you need to declare.
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.