Coconut
Coconut is self-employed accounting software designed to simplify tax, invoicing, and expense management for sole traders and landlords.
Our verdict
Who it's for
Effortless accounting and tax management for self-employed individuals and landlords.
Who should look elsewhere
Primarily focused on UK sole traders and landlords, may not suit other business types or regions
Pros
- +HMRC-recognised and compliant for MTD for Income Tax
- +Easy to use with both mobile and desktop access
- +Secure bank integrations for automated tracking
- +Provides real-time tax estimates to avoid surprises
- +Dedicated support, including ex-HMRC staff, for MTD compliance
Cons
- −Primarily focused on UK sole traders and landlords, may not suit other business types or regions
- −No free tier, only a 14-day free trial
Key features
- ✓MTD for Income Tax ready (HMRC recognised)
- ✓Digital recordkeeping for income, expenses, and receipts
- ✓Quarterly MTD updates submission
- ✓Digital end-of-year MTD tax return submission
- ✓Real-time tax estimates
- ✓Connects to 30+ UK banks and credit cards
- ✓Track income and expenses
- ✓Send and track unlimited branded invoices
Pricing
| Plan | Price | Billing | Notes |
|---|---|---|---|
| Essentials | $99.99 | month | Connect accounts from 30+ banks and credit cards; Track your income and expenses throughout the year with our sole trader accounting app; !Coconut on both mobile and desktop |
| MTD | $129.99 | month | Make quarterly Making Tax Digital updates quickly and easily; Submit the Making Tax Digital end of year Tax Return; Connect accounts from 30+ banks and credit cards |
| Self Assessment | $129.99 | month | File your Self Assessment directly to HMRC; Connect accounts from 30+ banks and credit cards; Track your income and expenses throughout the year with our sole trader accounting app |
| Full | $159.99 | month | Make quarterly Making Tax Digital updates quickly and easily; Submit the Making Tax Digital end of year Tax Return; File your Self Assessment directly to HMRC |