Osome Content Team
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Osome Content Team

Osome has been collaborating with 21 authors from 4 countries. We embrace diversity and are proud that lawyers and founders, journalists and financial analysts choose to work with us.

A collection of 206 posts

A Guide To Bookkeeping For When You've Never Done It

The process of bookkeeping refers to recording, classifying, and organizing any financial transactions within your organization. We go through the basics for new business owners.

6 min read

What Small Medium Businesses Should Know About UK Budget 2021

What does the budget mean for UK SMBs? And what can they do with it? Let's explore.

8 min read

What Businesses Need to Know About Data Regulation Post-Brexit

The UK's general data protocol remains largely in line with the guidelines in the General Data Protection Regulation (GDPR), although there are new standards to be aware of.

3 min read

Brexit: What are the Current Customs Processes To Take Note of?

The UK will become a separate customs territory by 1st January 2021, so customs procedures as you know them will undergo changes.

3 min read

A Checklist of What Employers Should Do After Brexit

Your company may have employees with citizenships outside the UK who work for you. How would Brexit impact you as an employer and what can you do to prepare your staff?

4 min read

Brexit: Tariffs Depending on Where Your Goods Originate

Post-Brexit, UK SMBs need to know about the Rule of Origins to find out if they have to pay tariffs. This matter is perhaps more complex than it might initially appear—so let’s delve into it in more detail.

3 min read

Post-Brexit VAT Rules for UK and EU E-Commerce Businesses on Amazon and Online Marketplaces

From the 1st January 2021, all E-commerce sellers and marketplaces have to abide by new VAT rules when exporting goods based in the EU into the UK. The VAT rules depend on many conditions. Let’s unpack them.

4 min read

Post-Brexit VAT Rules UK Businesses Need to Take Note of

If you consider your company an SMB, you may be asking, “Will there be VAT after Brexit?”. This article will touch on the major regulatory changes for VAT which all UK and EU businesses need to be aware of after Brexit in 2021 onwards.

5 min read

7 Best Platforms for E-Commerce Entrepreneurs to Sell

You do not need to spend much time, money, or have much know-how to build your online stores from scratch. Most of the time, the best and fastest option is to sign up with established e-commerce platforms. Here are some of them.

6 min read

How to Manage Expenses When You Have a Remote Workforce

One issue a company faces with a team working from home is also managing the company’s budgets. Employees find it hard to access a company's funds while the finance team finds it difficult to administer these expenses.

6 min read

Should I Pay Corporation Tax with My Personal Credit Card or Company Card?

When it comes to actually submitting your payment, you might be wondering whether it’s best to use your personal credit card or your company card. Does it even matter? And if so, why?

7 min read

A Guide to Setting Up a Holding Company

A holding company is an ‘umbrella’ or ‘parent’ company which does not provide products or services like a normal company. That’s what makes it relatively easier to set up a holding company virtually anywhere in the world.

5 min read

Record Keeping Done Right

Record keeping in accounting is a process that most newly formed companies cannot ignore, but what is the most efficient way to approach this? Our partner, Navisteps has some advice for new companies.

2 min read

A Guide to How Small Companies in UK Can Survive Lockdown 3.0

Entering into the 3rd lockdown, times are tough. If businesses are to survive, they need to make use of the special government lockdown grants available to them. We take you through 4 useful ones.

7 min read

9 Ways You Can Protect Your Businesses

Our partner Finaqe advises on what SMEs can look at to protect their business better in order to grow. From trade factoring to business insurance, find out how else you can better protect your business.

1 min read

COVID-19 Support: Longer Instalment Plans for Corporate Income Tax in 2021

If your business has been affected by the coronavirus (COVID-19), the Inland Revenue Authority of Singapore (IRAS) has introduced a series of support measures to alleviate cash flow woes of businesses and individuals. Find out more.

4 min read

A Guide to Tax Regulations for E-commerce Businesses in Singapore

Starting an e-commerce business involves transactions that are multi-jurisdictional in nature and multiple anonymous parties. In this article, we have put together information about Singapore’s tax regulations that will help you to run your e-commerce business smoothly.

8 min read

A Guide to Tax Evasion Penalties in Singapore

In Singapore, tax evasion or fraud is considered a criminal offence that is punishable by law. Have you ever wondered what the consequences of tax evasion are?

4 min read

6 Reasons to Register Your Offshore Company in Singapore

Singapore is one of the best countries in the world to incorporate an offshore company due to its strategic location, highly-skilled workforce and pro-business environment, making it ideal for entrepreneurs seeking to venture into the sizable Southeast Asian market.

6 min read

A Guide to Basic Bookkeeping for New Business Owners

Bookkeeping is a complex process, but an essential one nonetheless. Here's how you can get started with a fundamental understanding of what bookkeeping involves

6 min read

Choosing to Hire or Outsource a Bookkeeper or Accountant: How to Decide

As your business expands, the amount of paperwork would increase. To ease your load, you may think of getting help by hiring or engaging a service provider. Let’s look at the pros and cons of these two options.

5 min read

Should You Get a Directors and Officers Insurance to Protect Your Directors?

As a founder of a company or someone who makes management decisions for the company, you should know that your personal assets are at risk if you were to be named in a lawsuit. Would this D&O Insurance help?

4 min read

Osome Wins Singapore Partner of the Year at Xero Asia Awards

A confirmation of Osome’s commitment at innovation and customer service, this is simply a great way to end 2020. Find out more on how and why we won.

1 min read

Skills Development Levy: How Much Must Employers Pay on Their Staff?

This article will elaborate on this less well known statutory fund that all employers need to pay on each staff they have. Find out how to pay it and more in this article.

4 min read

Documents to Prepare Before Registering Your Company

A guide of the most common legal documents you’ll need to prepare to get your startup registered and running as a working business.

5 min read

7 Tips for Improving the Accuracy of Your Accounting for Small Businesses in the UK

If you want to achieve better accuracy in terms of your accounting, heed these advice reviewed suggested and reviewed by our expert in-house accountants.

10 min read

6 Tips to Improve Accounting Accuracy for Hong Kong Companies

Stay compliant with the Inland Revenue Department and prepare end-of-year financial statements in no time at all when you follow these tips for accounting accuracy of your company.

6 min read

A Guide to Covid-19 Relief for UK Businesses

The announcements and updates might be overwhelming to keep up with. Start here.

6 min read

Just for Startups: Grants, Incentives & Tax Reliefs

Startups are at the heart of the UK economy, so know that you’ll never walk alone with the government supporting you through grants, and tax incentives.

7 min read

From CPF to GST: Things to Check as Your Business Grows

Companies who are growing will find that they have many administrative things to do too such as calculating Skills Development Levy (SDL) and CPF Registration.

5 min read

Why You Need a Company Secretary for Your Hong Kong Business

Since a company secretary is a must, find out why you need one, what their roles are and how best to choose one.

5 min read

Getting Ready for Post-Brexit Product Liability Rules from Jan 2021

Wondering how to protect your business from product liability claims after Brexit? Find out what Chris Salmon of Quittance Legal Services has to say.

5 min read

How Do I Withdraw My MPF Before Leaving Hong Kong?

If you will be leaving Hong Kong permanently, you can withdraw your MPF before reaching the retirement age of 65. Find out how.

4 min read

XA Network and AltaIR Capital Invests US$3m in Osome in New Round of Funding

The new injection of funds will assist Osome in its vision to help company founders cope with tedious but unavoidable tasks which entrepreneurs usually outsource

4 min read

Osome Raises Fresh Funds of US$3m From XA Network and AltaIR Capital

The funds will help Osome serve its clients in accounting and corporate services through automation by building capabilities in engineering and product development.

4 min read

Osome Raises US$3m in Funding from XA Network and AltaIR Capital

The accounting and corporate compliance super app will use funds to further develop its engineering, product development, and marketing.

4 min read

Changing My Company’s Financial Year End

If your current financial year end date was not chosen by you, or you want to streamline the date with your parent company, you may want to read this.

4 min read

What Is the Know Your Customer (KYC) Process All About?

Get to know about this important step and what documents to provide to help your corporate service provider incorporate your company quicker.

5 min read

Filing Financial Statements in XBRL: Does My Company Need to Do This?

Not all incorporated companies have to file financial statements. Not all need to file in the Full or Simple XBRL template. Find out if you have to

6 min read

How Small Companies Can Qualify for Audit Exemptions

What defines a small company to qualify for audit exemption in Singapore? Find out everything you need to know in this guide.

3 min read

5 Steps to Having Your Own Employment Agency

Did you know that after incorporating your company, there are licences and security deposits to make to set up an employment agency? Read on.

6 min read

Financial Year

How do Financial Years work for companies? Why should business owners know about the financial year? How do I change my company’s financial year-end in the UK? What is the tax year?

3 min read

Is Remitting through Banks the Best Way to Transfer Money?

So you’re remitting or transferring money? Ever thought of finding a cheaper and simpler way compared to using the banks’ service? Read on here.

3 min read

Hong Kong Financial Reporting Standards

The Hong Kong Financial Reporting Standards, or HKFRS for short, is a set of financial reporting standards issued by the Hong Kong Institute of Certified Public Accountants (HKICPA) in Hong Kong. Why do

4 min read

Find the Right Fit: Which Corporate Structure is Best for my New Company

Now you’ve decided to set up a company, which business structure would be the best? We take you through to find the right fit.

7 min read

Recommended Retail Price

RRP stands for Recommended Retail Price. Also known in the UK as the list price, it was designed so that the prices don’t dramatically vary in different stores, and when setting it

3 min read

An Employers’ Guide to MPF in Hong Kong

As a new employer, you need to be aware of different schemes under the Mandatory Provident Fund (MPF) to kickstart your hiring process. This article will take you through what MPF is about.

7 min read

How Entrepreneurs in Singapore can Pay Less Tax Legally

Did you know that you can reduce your company’s taxable income and pay less tax to IRAS by writing off some of your business expenses? But which expenses can a company deduct from its income? We break it down for you.

6 min read

Guide to Hong Kong Tax for SME Owners

Hong Kong can boast one of the simplest and cheapest tax systems in the world. Is there a value-added tax? No such thing. How about a withholding tax or a capital gains tax? Again — nope. We will explain which taxes for private limited companies do exist in Hong Kong and how to pay them.

10 min read

What Is a Business Registration Number (BRN)?

We explain everything you need to know about BRNs. This article is for people relocating their business to Hong Kong and those looking to incorporate a company there.

4 min read

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