# Tax Assistant Online Apps The Coconut App Keeps Track of Personal Expenses, Invoices, and Taxes By Amy Duong | Published 2019-01-08 | Business Source: Trend Hunter, https://www.trendhunter.com/trends/coconut-app References: [getcoconut](https://getcoconut.com/) & [itunes.apple](https://itunes.apple.com/gb/app/coconut/id1318768066?mt=8) The Coconut app is a banking and accounting platform that is developed specifically for small business owners, self-employed individuals, and freelancers. It can [manage personal business expenses](https://www.trendhunter.com/trends/expensetracker), [send out invoices](https://www.trendhunter.com/trends/invoicing-apps), and track the amount of tax owed. The platform automatically sorts out the series of [expense transactions](https://www.trendhunter.com/trends/spendtally) and categorizes it for organizational purposes. It ensures that every record is sorted out by sending out instant expense notifications to track every transaction. This enforced habit initiates a much simpler tax process to maximize the overall amount of monetary growth. The Coconut app works alongside PrePay Solutions in order to provide the banking service that it does as a non-bank platform. There are two types of plans available on the app, the 'Start' plan and the 'Grow' plan -- the Start plan is a free service, whereas the Grow plan is offered at £5 per month. ## Trend Insights (Trend Hunter) - Score: 2.0/10 - Popularity: 14% | Activity: 37% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America, South America, Europe, Asia, Africa ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Business](https://www.trendhunter.com/business) > [New Ventures](https://www.trendhunter.com/newventures) ## Key Themes ### Key Themes Behind This Trend - **Banking and Accounting Platforms:** Opportunity to develop innovative banking and accounting platforms tailored for small business owners, self-employed individuals, and freelancers. - **Expense Tracking and Management:** Opportunity to create advanced expense tracking and management tools that automate categorization and simplify tax processes. - **Non-bank Financial Services:** Opportunity to offer non-bank financial services, such as banking and accounting, through partnerships with existing banking platforms. ### Where This Applies - **Fintech:** Fintech companies can develop innovative banking and accounting platforms to cater to the needs of small business owners, self-employed individuals, and freelancers. - **Software Development:** Software development companies can capitalize on the demand for advanced expense tracking and management tools that streamline tax processes. - **Financial Services:** Financial service providers can explore partnerships with non-bank platforms to offer banking and accounting services to a wider customer base. ## Related on Trend Hunter - [AI Accounting Assistants](https://www.trendhunter.com/trends/finom-ai.md) - [Digital Expense Trackers](https://www.trendhunter.com/trends/receiptsnap.md) - [Financial Organization Tools](https://www.trendhunter.com/trends/expensioco.md) - [Budget-Free Personal Finance Apps](https://www.trendhunter.com/trends/cashews-app.md) - [AI Finance Tracking Solutions](https://www.trendhunter.com/trends/the-freelance-app.md) - [Money Management Apps](https://www.trendhunter.com/trends/fingrow.md) - [Text-Based Bookkeeping Apps](https://www.trendhunter.com/trends/nobooks.md) - [Personal Finance Trackers](https://www.trendhunter.com/trends/expensetracker.md) - [Upgraded Expense Tracking Features](https://www.trendhunter.com/trends/expense-tracking-features.md)