Coconut

Coconut (branded "!Coconut") is a UK self-employed accounting product delivered as a mobile app (iOS and Android) and a web application accessible from any browser. Users connect bank accounts and credit cards from more than 25 UK providers, after which transactions are imported automatically and categorised, allowing sole traders to separate business from personal spending on a personal or current account. Core features include real-time profit and loss reporting, in-year tax estimates, receipt capture with attachment to transactions, unlimited invoicing with send-and-track functionality, automatic import of PayPal income, expense guidance, and the ability to invite an accountant [0][1].

The product is positioned around UK tax compliance. It is described as HMRC-recognised for Making Tax Digital (MTD) for Income Tax and supports quarterly MTD updates, the MTD Annual Submission (Year-End Declaration), and direct Self Assessment submission to HMRC. Supported tax forms listed include SA100, SA102, SA103, SA104, SA105, SA106, SA107, SA108 and SA109. A bridging option lets users who keep records in spreadsheets upload a completed template and file MTD quarterly updates without adopting full bookkeeping software. Segment-specific pages cover sole traders, landlords, CIS subcontractors and accountants [0][1].

The company states it is FCA authorised and describes bank-level security, encryption of data in transit and at rest, secure authentication, and storage and processing of data in line with UK data protection law including GDPR. Support is provided by 24/7 AI assistance plus a UK-based human team, with stated response times of a couple of hours Monday to Friday and weekend cover during deadline season [0][1].