finance

  1. 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 what business expenses you can claim is always a popular topic of conversation on UKBF. There are...
  2. How to get your business off the ground

    How to get your business off the ground

    So, you’re at the beginning of your startup journey. You have an idea, you’ve run it past your peers and you could have a viable business on your hands. Now you just have to put it into practice – seems simple, right? The truth is, getting your business off the ground requires a large amount of...
  3. 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 rounded up all the places where you can access support from government and government-affiliated...
  4. How to know when your business needs an accountant

    How to know when your business needs an accountant

    Knowing when to start using an accountant as a small business is a popular topic on UKBF. Depending on the size and complexity of your business, it’s possible to manage your own finances, especially with accounting tools and software. However, the benefits and tax savings of getting an...
  5. Do you need a business bank account as a sole trader in the UK?

    Do you need a business bank account as a sole trader in the UK?

    There were 3.2 million sole traders based in the UK in 2021, making sole traders the most common form of business in the private sector. When operating as a sole trader, there is no legal requirement to open a business bank account. Business bank accounts are only required if you’ve set up a...
  6. Got a question about raising finance? Join our webinar

    Got a question about raising finance? Join our webinar

    It’s hard to know how to secure finance when you’re running a small business. If you have more questions than answers about business funding, don’t miss our upcoming webinar. There's a big market for funding out there. However, when you’re busy setting up and running a business, you may need a...
  7. F

    VAT on Business Expenses

    Hi I apologise if this is a stupid question, I tried my best to do my own research for this query, but I couldn't find anything solid. I am in the middle of starting my own e-commerce business. I am yet to meet the £85k threshold for VAT, but I am looking to register soon as I would like to...
  8. UKBF Raising Finance webinar | Thursday, 9 June 2022

    UKBF Raising Finance webinar | Thursday, 9 June 2022

    Press release UK Business Forums announces free to attend Raising Finance webinar to help small business owners launch and grow UK Business Forums (UKBF), the country’s largest and most active online community for small and micro business owners has announced that it is hosting a free to...
  9. M

    Cash Only a thing of the past?

    Hello All, I'm curious on peoples view of cash only business's Covid has changed consumers behavior and I've personally seen a change to SME business changing from cash only and now accept card payments. If a business had cash only outside would you go and withdraw cash or go to the next store...
    • Matt.smith.TP
    • Thread
    • cash-flow company-cards finance
    • Replies: 143
    • Forum: Start Up Space
  10. M

    Online sales storage

    Hi I have been collecting a lot of second hand items over the years and am looking to start a limited company selling them online. The items collected are stored in the house that I rent and currently take up aprox 80% of the space. My question is, can I claim the cost rent, well 80% of the...
  11. 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 transactions or you’re running a Limited Company with several staff, here are some top tips on getting...
  12. M

    How do i pay Loan?

    Hi All 3 years ago, the company i got a loan from went into liquidation. After doing loads of searching, i found out the company director had set up a new loan company, so i emailed him directly and set up my repayments as normal to the new company. Fast-forward to the present and my last 2...
  13. How to manage cash flow when you’re starting up

    How to manage cash flow when you’re starting up

    Managing cash flow effectively is key to running a successful growing business. You need cash for assets and to pay bills, salaries and much more. Staying on top of your cash flow allows you to see if and when you’re going to have a surplus or a deficit of money, so you can be prepared. If you...
  14. 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 result of the pandemic. It allowed lenders to provide a six-year term loan of between £2000 and £50,000...
  15. Kperryman

    Diversification is Key - So why have i put all my eggs in one basket?

    Hi Guys, complete newby here! So i currently run a successful mortgage business in the UK, after having spent 10 years working for large high street banks i though F you and stuck it to the man to create my own version, but completely transparent, always for the client, and everything the banks...
  16. Finance Store

    Bank of England (BOE) rate increase impact on morgage payments

    Hi Everyone, Has anyone noticed an increase in their mortgage payments since the bank of england increased their interest rate. If you have then there is one of two reasons why this may be the case: 1- Your mortgage is a tracker rate, whereby your payments increase or decrease in line with the...
  17. M

    Startup funding

    Good evening ? My business partner and I have found two developers in our close network who are interested in getting involved in our fintech project (I refuse to call it a business at this stage). We feel that it wouldn't be right to expect them to work for free and so we are researching the...
  18. 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. But for right now, let's not dwell too much on what happened: it's gone and past, and we're leaving...
  19. r > g, but only if they don't take it from you!

    r > g, but only if they don't take it from you!

    Ten years ago this week, Stan O'Neal, the first African-American CEO of a major Wall Street investment house was trembling. His newly re-appointed risk assessment officer had just handed him a piece of paper, outlining what he had found out over the past couple of weeks. His company, Merrill...
  20. Alternative finance for startups and small business

    Alternative finance for startups and small business

    The SME alternative finance (AltFi) landscape is constantly changing and expanding. Now alternative methods to raising capital are a realistic option for business owners seeking the finances required to launch their startup or expand their business. Historically a startup's first port...
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