My Business Finances has been created to reduce the burden of financial management and free up time for businesses to focus on their core activities. It does so by embedding Ember’s intuitive accounting and tax software within HSBC UK’s online banking platform.

My Business Finances can produce real-time profit and loss, self-assessment tax and available dividends reports, enabling business owners to make smarter decisions.

In addition, it automatically categorises spending by tax code and generates invoices.

Tom Wood, Head of Global Payments Solutions at HSBC UK, said: “We are always looking for new ways to support our customers’ growth and through partnering with Ember we are now offering this innovative and integrated solution.

“Small business owners spend huge amounts of time on laborious accounting tasks when they would much rather be seeking new opportunities, delivering on orders and expanding.

“My Business Finances not only automates accounting tasks but also offers greater visibility and control over finances, allowing owners to make decisions which are right for them.

“It also makes completing annual tax returns easier and has been developed to help small businesses prepare for the Government’s future digital tax requirements.”

Under HMRC’s Making Tax Digital initiative, from 2026 businesses will be required to keep digital records and to submit quarterly reports rather than one each year.

My Business Finances will help businesses with this change by digitising accounts and giving reminders for important tax deadlines.

Dan Hogan, Co-Founder and Co-CEO at Ember, said: “We are thrilled to collaborate with HSBC UK on this innovative venture.

“My Business Finances is designed to simplify the complexities of financial management, allowing business owners to focus more on their core activities while pushing the boundaries of what they can achieve.

“Together, we are setting the stage for a future where business growth is supported by smart, seamlessly integrated financial tools.”