Legal & Financial

All UKBF Articles
Legal & Financial
Exploring the complexities: Assessing the risks and benefits of buying a company in administration

Exploring the complexities: Assessing the risks and benefits of buying a company in administration

The acquisition of a company in administration presents a unique set of opportunities and challenges for the discerning business investor. This article aims to provide a comprehensive overview of...

Ozzy Ozzy
Legal & Financial
Financial health check: Preparing your business for the fiscal year

Financial health check: Preparing your business for the fiscal year

A new year always brings a sense of optimism. January marks a time to refresh and reset, and put strong processes in place for the rest of the year. If you haven’t already, it’s an ideal time...

Amalie Smith Amalie Smith
Legal & Financial
Is the Spongebob Plan pants, or a fair and square way to close a company if you’re skint?

Is the Spongebob Plan pants, or a fair and square way to close a company if you’re skint?

An unpicking for UKBF of whether its most famous user’s idea does the business, or is just comic misadventure, featuring rescue experts and The Insolvency Service. Not before time, The Insolvency...

SimonMoore SimonMoore
Legal & Financial
Managing your finances: a simple guide to bookkeeping for small business owners

Managing your finances: a simple guide to bookkeeping for small business owners

Running your own business is an exciting venture, but it comes with its set of challenges, one of which is managing your finances. While the world of accounts and business finance might seem...

Ozzy Ozzy
Legal & Financial
How to check if someone is really registered as a sole trader in the UK

How to check if someone is really registered as a sole trader in the UK

In the ever-evolving landscape of business, the importance of transparency and trust cannot be overstated, especially when it comes to partnerships or transactions with sole traders. When working...

Ozzy Ozzy
Legal & Financial
How to register a trade mark for a UK business

How to register a trade mark for a UK business

So, you’ve spent weeks, months or even years building your brand, growing a loyal customer base and developing your products or services, and you’re starting to see success. Your small business...

graceks graceks
Legal & Financial
Managing your pension for small business owners

Managing your pension for small business owners

Time and money can be limited as a small business owner, so it’s natural to only focus on the short term. However, there will come a time when you need to take a step back and retire, and you’ll...

ChrisGoodfellow ChrisGoodfellow
Legal & Financial
Adding a new shareholder: everything you need to know

Adding a new shareholder: everything you need to know

If you run a limited company, you may be thinking of bringing additional shareholders on board. Perhaps you want a partner to share the burden of running and growing the business, or you have...

S SianCahill
Legal & Financial
What to do if your business is hitting the VAT threshold

What to do if your business is hitting the VAT threshold

For many small businesses, hitting the VAT threshold is a challenge. Whilst growing your business and increasing turnover are signs of success, some may find themselves worse off after they start...

Amalie Smith Amalie Smith
Legal & Financial
What to look for in an accountant: an eight-step guide

What to look for in an accountant: an eight-step guide

If your business is growing, you’ve registered your company, you’re a sole trader, or you’re hiring more staff, it might be time to hire an accountant. Accountants are there to help with...

ChrisGoodfellow ChrisGoodfellow
Legal & Financial
How can a 16-year-old get a business bank account?

How can a 16-year-old get a business bank account?

So, you’re a young entrepreneur with a solid business plan. Your idea has piqued the interest of your peers and sights are set on seeing your startup soar. But, you want to open a business bank...

ChrisGoodfellow ChrisGoodfellow
Legal & Financial
How to choose the right insurance for your small business

How to choose the right insurance for your small business

Insuring your business is essential to protect you against costly bills, hefty fines, disqualification and even jail time. But choosing the right policy can be daunting. In the UK, insurers pay...

Dan Hobson Dan Hobson
Legal & Financial
Finding the right investor for your small business

Finding the right investor for your small business

An important step for many small businesses is to secure investment from an investor. But how can you make sure you’ve found the right one? Getting someone interested in your business is one...

ChrisGoodfellow ChrisGoodfellow
Legal & Financial
Should you take the leap from online to commercial premises?

Should you take the leap from online to commercial premises?

If you own an online business, you’ve probably considered opening a physical shop at one point or another. When things are going well, opening your own brick-and-mortar store can seem like the...

ChrisGoodfellow ChrisGoodfellow
Legal & Financial
How to help your small business survive an economic recession

How to help your small business survive an economic recession

Every business will feel the squeeze during an economic downturn. But for small businesses, this can be even more difficult – money can be tight even during the best of times, and as a new...

Ozzy Ozzy
Legal & Financial
Accounting calculations FAQs: Advice for new business owners

Accounting calculations FAQs: Advice for new business owners

Getting to grips with accounting for the first time can feel overwhelming. What does it all mean and how can you make sure you’re on top of the finances of your small business? Whether you’re...

Ozzy Ozzy
Legal & Financial
Don’t miss the January deadline for filing your self-assessment tax return

Don’t miss the January deadline for filing your self-assessment tax return

For small business owners, January means one thing: the self-assessment deadline. If you’ve still got to finalise your tax return – or you’re not sure if it applies to you – follow our quick...

ChrisGoodfellow ChrisGoodfellow
Legal & Financial
The best ways to accept and receive payments

The best ways to accept and receive payments

Most businesses need to take payment in some form. But what are the best ways to accept and receive payments from your customers? There are pros and cons of any payment system, so let’s take a...

Amalie Smith Amalie Smith
Legal & Financial
What happens to a director of a company in liquidation?

What happens to a director of a company in liquidation?

Going through a liquidation as a company director can be an extremely stressful time. This article breaks down the process and gives you an insight into what happens to a director of a company in...

UKBF Editor UKBF Editor
Legal & Financial
Understanding VAT: Buying and selling in the UK and abroad

Understanding VAT: Buying and selling in the UK and abroad

If you’re setting up a business for the first time and are looking to buy and sell goods within the UK or overseas, chances are you’ll need to get clued up on all things VAT. In this guide...

Amalie Smith Amalie Smith