Coconut: Sole traders overstimate tax returns by £650m
Nov05

Coconut: Sole traders overstimate tax returns by £650m

New research from Coconut, the smart accounting app for self-employed people, reveals that a fifth (17%) of sole traders and microbusiness owners overestimate their tax returns by an average of £722. With 5.3m of these businesses in the UK (according to ONS data), this equates to almost £650m that could be re-invested in their growing businesses throughout the year. The research, highlighting the complexities and frustrations people...

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Exclusive: ‘Think they’ve cracked it!’ – Sam O’Connor and Adam Goodall, Coconut in “The Fintech Magazine”
Sep04

Exclusive: ‘Think they’ve cracked it!’ – Sam O’Connor and Adam Goodall, Coconut in “The Fintech Magazine”

If keeping your self-employed tax in order drives you nuts, then professionally trained accountants Sam O’Connor and Adam Goodall know how you feel. In fact, it drove them to found Coconut – the bank that gives you  a ‘finance team in your pocket’… and what a lovely bunch they are. Life’s a beach, they say, for the self-employed. Determining their own hours, working at their own pace… if you’re on a nine-to-five treadmill it’s...

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The Fintech Magazine Issue 17
Sep01

The Fintech Magazine Issue 17

In this of The Fintech Magazine, From a messenger bank for Gen Zers to a challenger inspired by hip-hop, our look at neobanks of the world in this issue is a refreshing, upbeat change from the news of the past few months. There’s an urgency and optimism about these newbies – some spun out of more traditional institutions, others born out of pure, entrepreneurial genius, that haven’t been blown off course by the pandemic, and some that...

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FF Virtual Arena: Coconut Profile
Jul15

FF Virtual Arena: Coconut Profile

In today’s Virtual Arena Coconut will be holding Ali Paterson to account as we will be finding out about how fintechs can revolutionise accounting. Also Sam O’Connor will be discussing the SMB and business banking...

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Coconut hits 350% of its crowdfunding target and launches a new accounting service
Jul14

Coconut hits 350% of its crowdfunding target and launches a new accounting service

Coconut, the smart banking, accounting and tax tool aimed at entrepreneurs and small businesses, has raised over £2.4m in its latest crowdfund – beating its target by 350% – and has launched a new service aimed at taking the pain out of filing accounts as part of its new RBS BCR Pool E bid. The speed of the crowdfund shows an extraordinarily strong community and belief by existing and new investors in Coconut’s product and...

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PrePay Solutions Cracks Open New Partnership with Challenger Bank Coconut
Feb07

PrePay Solutions Cracks Open New Partnership with Challenger Bank Coconut

The collaboration has created a full-service bank account that combines banking and accounting for freelancers, self-employed people and small businesses. PrePay Solutions  has partnered with new business bank account provider, Coconut, to enable the delivery of  an app-based account that uniquely manages tax and expenses for freelancers and self-employed people. Despite accounting for 15% of the workforce, many of the UK’s 4.9m...

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Coconut cracks open smart business Current Account for Freelancers and Self-employed
Jan31

Coconut cracks open smart business Current Account for Freelancers and Self-employed

Coconut has today launched a new smart current account combining banking and accounting services, designed specifically for the UK’s ever-growing freelance and self-employed workforce. The app-based business current account will prepare customers for HMRC’s ‘Making Tax Digital’ which starts rolling out from April 2019. Coconut features automated tax management and expense tools, giving customers visibility into how much tax they owe...

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