Coconut
Coconut provides self-employed accounting software for UK sole traders, landlords, and CIS subcontractors, combining bookkeeping, invoicing, and expense tracking in a mobile app and desktop platform. The HMRC-recognised software enables MTD-compliant quarterly submissions and year-end tax returns, with automatic bank feeds and real-time profit visibility. It also includes an Accountant Portal for real-time record sharing and supports all Self Assessment tax forms.
- Financial Technology
- Software Only
- Artificial Intelligence
Funding
Funding not disclosed
Founders
Founder details are not available yet.
Product
Problem
UK sole traders, landlords, and CIS subcontractors face complex tax obligations, including incoming Making Tax Digital (MTD) requirements that mandate digital record-keeping and quarterly HMRC submissions. Traditional accounting is time-consuming and error-prone, and many self-employed individuals lack the expertise to manage tax compliance efficiently without expensive professional help.
Solution
Coconut provides self-employed accounting software that combines bookkeeping, invoicing, and expense tracking in a mobile app and desktop platform. The software connects securely to bank and credit card accounts to automatically import and categorize income and expenses, giving users real-time profit visibility. Coconut is HMRC-recognised MTD-compliant software, enabling users to send quarterly updates to HMRC and file their year-end MTD tax return directly from the platform. It also supports Self Assessment submission for all tax forms, tracks CIS deductions for subcontractors, and offers an Accountant Portal for sharing records in real-time. Users receive in-year tax estimates and built-in tax saving suggestions to avoid last-minute surprises.
Target Audience
Primary users are UK sole traders, landlords, and CIS subcontractors who need MTD-compliant bookkeeping and tax filing software, as well as accountants managing MTD for Income Tax on behalf of such clients.
Features
- HMRC-recognised MTD-compliant software for quarterly updates and year-end tax return submissions
- Secure bank and credit card account integration with automatic income and expense categorisation
- Receipt capture and digital storage with photo upload and transaction linking
- Invoicing tools for raising, sending, and tracking invoices on the go
- Self Assessment submission supporting all key tax forms (SA100–SA109)
- CIS subcontractor support including deduction tracking, monthly statement uploads, and mixed income submissions
- Real-time profit and loss, cashflow, and transaction summary reports
- Accountant Portal for real-time sharing of business records with external accountants
- AI support assistant (Coco) for out-of-hours guidance, plus UK-based human support including ex-HMRC staff
- MTD spreadsheet template with one-click upload for users who prefer to keep their existing spreadsheet workflow