Legal & Financial

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Legal & Financial
The Importance of Simplifying Financial Processes for Growing SMEs

The Importance of Simplifying Financial Processes for Growing SMEs

Without a doubt, the last few years have been economically unsettling for many SMEs. However, there have also been some business success stories, which means that businesses of all sizes will be...

UKBF Editor UKBF Editor
Legal & Financial
Essential financial year-end admin for small businesses

Essential financial year-end admin for small businesses

6th April marks the beginning of the 2025/26 tax year, bringing with it a host of responsibilities for business owners. Whether your business’ financial year is in line with these timings, or your...

S SianCahill
Legal & Financial
Navigating the world of personal guarantees in business: a comprehensive guide

Navigating the world of personal guarantees in business: a comprehensive guide

In the intricate dance of business finance, the term "Personal Guarantee" (PG) often steps onto the floor, bringing with it a blend of opportunity and caution. A PG is a legal commitment made by...

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
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
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
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
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
Financial planning: Unlock your business growth goals

Financial planning: Unlock your business growth goals

Once a business is established and making profit, many founders will spend a lot of time thinking about growth. If this sounds like you, it’s time to get your financial planning sorted. If your...

Dan Hobson Dan Hobson
Legal & Financial
Is cash a thing of the past – or essential to UK business?

Is cash a thing of the past – or essential to UK business?

Cash usage has been declining for many years as people increasingly opt for the convenience of payment technology – but does this mean the UK is heading towards a cashless society? The cash...

Dan Hobson Dan Hobson
Legal & Financial
Under pressure: 10 tips to improve your supplier price negotiations

Under pressure: 10 tips to improve your supplier price negotiations

When suppliers raise their prices, it can strike panic into the hearts of business owners. But fear not, here are 10 tips to help you to renegotiate with suppliers when you’re under price...

ChrisGoodfellow ChrisGoodfellow
Legal & Financial
How to choose a financial service for a business: a 10-step checklist

How to choose a financial service for a business: a 10-step checklist

Fintech companies have been around for some time, but many people still don’t understand what they are and what they do. Financial services, often viewed as challengers to traditional banks, are...

UKBF Editor UKBF Editor
Legal & Financial
Six ways to manage cash flow during difficult times

Six ways to manage cash flow during difficult times

Rising costs are a real concern for small businesses at the moment, and many business owners are looking at ways to better manage cash flow in the short term. Every business experiences...

ChrisGoodfellow ChrisGoodfellow
Legal & Financial
Raising finance webinar: Why you need a plan and a purpose

Raising finance webinar: Why you need a plan and a purpose

What are the different types of business funding and what’s most suitable at each stage of your startup’s growth? Small business funding expert Mark Jones answered your most common questions in...

ChrisGoodfellow ChrisGoodfellow
Legal & Financial
Are you paying too much tax? Self-employed expenses explained

Are you paying too much tax? Self-employed expenses explained

As a self-employed person, you pay tax based on the profit your business makes. By deducting expenses from your profit, you can reduce your overall tax liability – and pay less tax. Understanding...

ChrisGoodfellow ChrisGoodfellow
Legal & Financial
Government grants, support and funding for small businesses

Government grants, support and funding for small businesses

As UKBF members know well, starting and growing a business can be extremely challenging. But support, advice and funding are available – if you know where to look for them. In this guide, we’ve...

ChrisGoodfellow ChrisGoodfellow
Legal & Financial
Starting the new financial year off right

Starting the new financial year off right

April marks the end of one tax year and the start of another, so now’s the perfect time to improve your financial processes. Whether you’re self-employed and just keeping track of your own...

ChrisGoodfellow ChrisGoodfellow
Legal & Financial
What to do if you can’t pay back your bounce back loan

What to do if you can’t pay back your bounce back loan

The Bounce Back Loan Scheme (BBLS) was established by the government to provide financial support to UK businesses that were losing revenue or experiencing disruption to their cash flow as a...

Kat Haylock Kat Haylock
Legal & Financial
After the EU: What's next for business funding?

After the EU: What's next for business funding?

A follow up to our guide to government support for small businesses in 2018 - what's available to fill the EU funding gap? Brexit sparked a huge debate, both in public and on the forums...

UKBF Editor UKBF Editor