Coconut

Coconut

Coconut is a bookkeeping app built specifically for self-employed people — designed around the way sole traders actually manage money, not the way bigger businesses do.

Track your income and expenses in one place. Store your receipts. See real-time estimates of what to set aside for tax. Manage multiple income streams if you’ve got them. And when you’re ready, submit your quarterly Making Tax Digital updates and end-of-year tax return directly to HMRC from the same app.

It’s calmer than software built for companies with a finance team, and cleaner than a spreadsheet held together with hope. Genuinely useful if you’ve been putting off getting on top of your bookkeeping because “proper” accounting software feels like overkill.

Coconut is HMRC-recognised for Making Tax Digital for Income Tax — so if you’re preparing for MTD, it’s already ready for you.

Best for: Sole traders and freelancers who want simple, honest bookkeeping — and a straightforward way to handle Making Tax Digital when it arrives.

The deal: Exclusive 15% off Coconut annual plans for Club members. Plus a 14-day free trial with no credit card required if you’d like to try it first.