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TaxFiler vs Coconut: Which Is Better Accounting Software?


Last Updated: 20 May 2025
Reviewed By: Ian Wright (Managing Director)

Which accounting software is better TaxFiler or Coconut?

We compare them based on real user reviews, prices and what features they both offer.

TaxFiler homepageCoconut homepage
 

TaxFiler vs Coconut Basics

TaxFilerCoconut
Software WebsiteTaxFiler WebsiteCoconut Website
HMRC MTD StatusIn DevelopmentIn Development
Who Can Use It?Businesses, Accountants, and Self-employedSelf-employed people
HMRC Listed FeaturesNoneNone
PlatformsWeb-based applicationWeb-based application, Android, and iOS
Note data for this section comes from HMRC here and here

TaxFiler vs Coconut Reviews

Wondering if TaxFiler or Coconut has better user reviews. We compared them below.

TaxFilerCoconut
Trustpilot Rating3.84.5
Number of Trustpilot Reviews153714
iPhone App RatingNo Rating4.7
Number of iPhone ReviewsNo Reviews2800
Android App RatingNo Rating4.6
Number of Android ReviewsNo Reviews1040
Please note ratings we’re accurate at the time of writing but may have since changed

TaxFiler vs Coconut Prices

Which is cheaper TaxFiler or Coconut? Here are their prices compared.

TaxFiler pricingCoconut pricing

Free Plans & Trials

TaxFilerCoconut
Free Plan?NoNo
Free Trial?YesYes
Free Trial Length?30 Days30 Days
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

TaxFilerCoconut
Cheapest Plan Cost Per Month£11.00£9.00
Mid-Tier Plan Cost Per Month£36.00NA
Top Plan Cost Per Month£236.00NA
Data taken from each company’s website at the time of writing but may have since changed.

TaxFiler vs Coconut Features

TaxFiler featuresCoconut features

TaxFiler Basic Features

  • 10 clients
  • Single user
  • Statutory Accounts
  • Corporation Tax
  • Self Assessment
  • Individuals
  • Partnerships
  • Trusts & Estates
  • MTD for VAT
  • Bookkeeping Integrations
  • For startup practices

TaxFiler Software Integrations

  • QuickBooks
  • Sage
  • Xero
  • FreeAgent
  • Kashflow

Coconut Basic Features

  • Connect accounts from 30+ banks and credit cards
  • Track your income and expenses throughout the year
  • Access Coconut on both mobile and desktop
  • Send and track unlimited branded invoices
  • Always know how much tax to set aside
  • Easily share access with your accountant

Coconut Software Integrations

  • HSBC
  • AMEX
  • Tesco
  • Tide
  • M&S Bank

Common Feature Comparison

TaxFilerCoconut
Payroll Software IntegrationYesNo
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsNoNo
Prepare Self AssessmentYesYes
Income Tax EstimatesYesYes
Manage Income & ExpensesYesYes
Create InvoicesNoYes
Forecast Cash FlowNoYes
Accept and Make Payments In Different CurrenciesNoNo
Employee Time TrackingNoNo
ProjectsNoNo
Bank Feed IntegrationNoYes
End of Year FilingsNoNo
Capture Bills And ReceiptsYesYes
Bulk Reconcile TransactionsNoYes
Track Inventory & Stock LevelsNoNo

TaxFilerCoconut
Pros
  • Ease of use of the system
  • Easy to generate SA302 forms
  • Easy to set up new clients
  • Value for money
  • App is well designed
  • Price
  • Perfect set of features
  • Customer service is top notch
  • Dashboard makes seeing all daily activities in one place
Cons
  • Laggy
  • Could be more flexible
  • Not explicitly HMRC MTD tax compliant
  • Limited accounting functions
  • Few features lacking compared to other scheduling software
  • Calculations didn’t match up

More Comparisons

TaxFiler vs Dext Prepare
TaxFiler vs Earnr
TaxFiler vs Federation of Small Businesses MTD
TaxFiler vs Hammock
TaxFiler vs IRIS Elements

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