Question 1

What is Coconut's tax app?

Accepted Answer

Coconut's tax app is a simple accounting and tax tool designed for freelancers and self-employed individuals. It helps them understand and organize their finances through features like invoicing, expensing, and tax preparation.

Question 2

What features does Coconut's app offer?

Accepted Answer

Coconut's app offers several key features, including:
- Understand your money: Get insights into your income and expenses.
- Capture receipts and records: Easily record and organize your financial transactions.
- Claim every expense: Ensure you're maximizing your tax deductions.
- Sort your taxes: Prepare your self-assessment tax returns with ease.
- Send and track invoices: Create and manage your invoices seamlessly.
- Work with your accountant: Collaborate with your accountant to manage your finances.

Question 3

Is Coconut's app suitable for accountants and bookkeepers?

Accepted Answer

Yes, Coconut's app is also designed for accountants and bookkeepers to help them organize their sole trader clients. The app provides tools and resources to get their clients' finances in order.

Question 4

What resources does Coconut offer?

Accepted Answer

Coconut provides a range of resources for its users, including:
- Knowledge hub: Articles and guides on topics like making tax digital, self-employment advice, and tax tips.
- Coconut news: Updates and insights on the latest industry developments.
- Support centre: Get product support from the Coconut team.
- Work from home tax relief calculator: Estimate your potential tax savings.

Question 5

How can I try Coconut's app for free?

Accepted Answer

Coconut offers a free trial of its app, allowing you to test out the features and see if it's the right solution for your needs. You can sign up and start using the app without any commitment.

Question 6

What is Coconut's main product?

Accepted Answer

Coconut's main product is a tax app designed for self-employed individuals and freelancers. The app helps users understand and organize their finances through features like invoicing, expensing, and tax tools.

Question 7

Who is Coconut's target audience?

Accepted Answer

Coconut's target audience is self-employed individuals, freelancers, and small business owners who need help managing their finances and taxes. The app is also marketed towards accountants and bookkeepers who work with sole traders.

Question 8

What features does the Coconut app offer?

Accepted Answer

The Coconut app offers a range of features to help users manage their finances, including:
- Understanding your money
- Capturing receipts and records
- Claiming every expense
- Sorting your taxes
- Sending and tracking invoices
- Working with your accountant

Question 9

Does Coconut offer any resources for accountants and bookkeepers?

Accepted Answer

Yes, Coconut offers a dedicated section for accountants and bookkeepers, which includes resources such as the Knowledge Hub, Coconut News, and advice on Making Tax Digital, self-employment, and accounting/bookkeeping.

Question 10

How can users get support for the Coconut app?

Accepted Answer

Users can get support for the Coconut app through the Support Centre, which provides access to an article base and a friendly support team. Additionally, Coconut offers a Work from Home Tax Relief Calculator to help users find out how much they could save on their next tax bill.

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