CLARITY. CONFIDENCE. CONTROL.
Money matters—whether you’re a sole trader, a limited company, or a charity. At My Finance Department, we go beyond bookkeeping to bring you practical financial insights, expert advice, and real-world strategies to help you make smarter business decisions. Top tips from cash flow management to how to think strategically and everything in between, we break down the numbers in a way that’s easy to understand and even easier to action.
Ready to take control of your finances? Let’s talk money.
LET’S TALK MONEY
Running a business means making decisions every day — and the right financial insight can make all the difference. On this blog, you’ll find a growing library of practical articles covering tax, bookkeeping, business planning, and smarter ways to manage your money.
Looking for something specific? Use the search box to quickly find articles that match your needs.
If you’re unhappy with your current accountant — maybe they’re slow to respond, don’t explain things clearly, or you just feel like a small fish — you’re not stuck with them. Changing accountant is easier than you might think.
In this blog, we’ll explain what counts as a benefit in kind, how they’re taxed, and what you need to do if you offer them.
You may be able to claim capital allowances on large, longer-term purchases — a way to deduct the cost of those assets from your profits before tax.
If you’re a contractor, freelancer, or run your own limited company, you’ve probably heard of IR35 — but what is it, and why does it matter?
Not sure whether to take salary or dividends from your limited company? Here’s how to decide — including the tax differences and what to watch out for.
As your business year end approaches, there’s still time to make smart moves. Here’s how to prepare properly before the tax shutters come down — and what to do after they do.
Thinking about taking a dividend from your limited company? Here’s a step-by-step guide to ensure it’s done legally, tax-efficiently, and in line with company law.
Looking to find an accountant in Edinburgh? Learn what to ask, what to avoid, and how working with a local accountant can help your business thrive.
Discover what a virtual CFO does, how they differ from accountants, and how they can help your business grow with better financial strategy and insight.
If you run a limited company, and your expenses outweigh your income in a given year, you may be able to reduce future Corporation Tax by carrying that loss forward.
If you’re self-employed and file a Self Assessment tax return, you may wonder what happens if your business makes a loss. Can you claim a tax refund? Can you carry the loss forward to reduce future tax bills? Here’s what you need to know as a sole trader.
This guide outlines what sole traders and small business owners can (and can’t) usually claim. But remember: it’s not just about what you spend money on—it’s about why you spend it. The purpose of the expense is what determines whether it’s allowable.
If you run a small business, chances are you’ve got an accountant. You probably hear from them once a year—usually around tax season—when they send you your year-end accounts, file your return, and maybe answer a few basic questions. But is that all you should expect?
When most people hear the word accountant, they think of tax returns, spreadsheets, and maybe the odd letter from HMRC. But if you’re running a small business, a good accountant can be far more than just a compliance box-ticker—they can be a key player in helping you grow.
If you’ve heard rumblings about Making Tax Digital for Income Tax (MTD ITSA) but aren’t quite sure what it means for you, you’re not alone. The rules are changing—but there’s no need to panic. In this guide, we’ll explain what’s happening, when it’s happening, and how to get ready.
Bookkeeping might not be the most glamorous part of running your business—but if you’re a sole trader, it’s one of the most important.
Business can sometimes feel like a series of endless ups and downs, feast or famine. But there are strategies that can be used to reduce the impact and smooth out the lumps and bumps. In this article, I explain how.
Do you feel you could drive more revenue, if only you had a little more time? You probably have more time available than you think. In this article, I challenge you to think a little differently.
In my first Let’s Talk Money article, I talk about why I started My Finance Department. Just because you don’t have an in-house finance team doesn’t mean you should miss out on expert guidance to guide your business growth.
Your finances shouldn’t hold you back—they should propel you forward. Let us show you how. Whether you’re looking to tidy up your books, plan for sustainable growth, or simply need a dependable finance partner, we’re here to help. Make My Finance Department your finance department.
Your finances shouldn’t hold you back—they should propel you forward. Let us show you how. Whether you’re looking to tidy up your books, plan for sustainable growth, or simply need a dependable finance partner, we’re here to help.
Make My Finance Department your finance department.
My Finance Department Ltd
Registered in Scotland (SC835071) at 5 South Charlotte Street, Edinburgh EH2 4AN
Licensed and regulated by the Institute of Certified Bookkeepers (ICB)
Practice licence number: 24563