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.
Coconut is now HMRC-approved MTD IT software. A simple way for sole traders and landlords to get ready for digital tax in 2026 and beyond.
You don’t have to become a bookkeeper or accountant. All you need to do is take care of a short list of financial essential tasks each month and your business should be in good financial health. And it need not take a lot of time. So, here’s a handy checklist of essential financial tasks that you should be ticking off at least each month.
Turning some of your sole trader and landlord clients into dedicated accounting software users could be one of your biggest challenges in the next few years. But MTD for Income Tax isn’t optional, so, if they won’t pay you to take care of it for them, they’ll have to use accounting software.