A homeowner selling their house may apply a lick of paint to attract buyers, while a mechanic might fix a car’s issues in order to gain a better price for it. Preparing a company for sale should be no different, yet business owners often put their company up for sale without any real preparation at […] The post Preparing a Company for Sale: 14 Tips to Attract a Buyer appeared first on Forbes Burton ..read more

Business owners deemed to have abused the Bounce Back Loan scheme are being targeted by The Insolvency Service. The government body revealed that it has already had over 800 company directors banned after irregularities were spotted from their loan usage. Over the course of the 2023-24 tax year, The Insolvency Service pursued disqualifications for 831 […] The post 800+ Directors Under Fire for Bounce Back Loan Misuse appeared first on Forbes Burton ..read more

Struggling fashion designer, Ted Baker has announced that 15 of its retail stores are set to close. The decision comes after administrators identified several outlets that weren’t profitable to keep open. 245 staff members will be forced into unemployment as a result of the closures, with each of the stores ceasing to trade on 19th […] The post  What Went Wrong for Ted Baker? appeared first on Forbes Burton ..read more

Buying a company that’s already established is the perfect way to become a business owner. Not only do you avoid all of the struggles involved in building a startup from scratch, but you also get to see that the business is viable before you invest any money into it. Everything from staffing to branding has […] The post Buying a Company: First Steps for Interested Parties to Take appeared first on Forbes Burton ..read more

A recent study has shown that 33% of UK SME owners have no idea what their own businesses are worth. The surprising findings were pooled from the responses of over a thousand directors in the UK and beyond. The research extended to Holland, Belgium and Scandinavia, and found that our counterparts in mainland Europe were […] The post Third of UK Business Owners Unaware of the Value of Their Company appeared first on Forbes Burton ..read more

If there’s one question that we hear worried business owners ask more than any other, it’s if my limited company goes bust, will I lose my house?” It’s an understandable fear too. Even small businesses can wrack up huge amounts of debt that they have little ability to pay off. Once a company’s assets have […] The post If My Limited Company Goes Bust, Will I Lose My House? appeared first on Forbes Burton ..read more

  Jeremy Hunt has acted on the public backlash against proposed plans to close HMRC helplines for 6 months each year. In a dramatic change in how they deal with public enquiries about tax returns, HMRC had decided to close its busy tax helpline for half the year, every year. Their helpline would have been […] The post Chancellor Halts HMRC Plans to Close Helplines appeared first on Forbes Burton ..read more

HMRC are starting to clamp down on business research and development payments, with some being asked to pay back money they’ve previously been awarded. This follows announcements from the autumn budget of changes to how R&D tax relief will be calculated and distributed. It’s thought that HMRC have been routinely underestimating the level of fraudulent […] The post HMRC Looking to Reclaim R&D Tax Relief Payments appeared first on Forbes Burton ..read more

Whenever we’re asked how to improve business credit score ratings, the answer is always the same: which one? Credit scores for businesses are created by many more outlets than a personal profile. This can understandably make it difficult to know which credit rating agency’s score is being used at any particular time. On top of […] The post How to Improve Business Credit Score Ratings appeared first on Forbes Burton ..read more

Collecting unpaid invoices is perhaps one of the least favourite tasks that a business owner has to complete. Unfortunately, though, there will always be customers that allow their invoices to become overdue. This means that collecting unpaid invoices is usually a regular duty for many firms.     The importance of collecting unpaid invoices promptly […] The post Collecting Unpaid Invoices: UK Business Owners’ Guide appeared first on Forbes Burton ..read more