Latest Posts
Growing Your Online Store: 5 Basic Accounting Tips
Accurate accounting can help your online store make profits. Here are 5 accounting basics to level up your finances and grow your online store.
The Pros and Cons of Registering my E-commerce Company for VAT
While most business owners have the misconception that VAT registration is tedious and an additional bill to look after, VAT can also be advantageous to your business.
Starting an E-commerce Business From Home
What good will going online do for me? In this article, we discuss how choosing to go online can work out to your advantage in the long run.
T-shirt Business: How To Start One the Fuss-Free Way
People shop online more often than from traditional stores. Here’s a guide on how to get started with t-shirt selling.
Optimising Cash Flow Over Profits for E-commerce Entrepreneurs
As an e-commerce business owner, you might constantly worry about bringing in profit and overlook the importance of cash flow. Understand the difference between profit and cash flow.
Is Accounting for E-commerce Companies Different?
You must understand three aspects of e-commerce accounting in order to fully understand your cash flow and profitability.
A New Entrepreneur's Guide To Become an Amazon Seller
Want to become an Amazon seller in the UK but not sure where to start? This handy guide unpacks some key steps to get you set up and selling in no time.
Statistics on E-commerce in the United Kingdom in 2021
E-commerce now accounts for more than one quarter of all retail sales in the UK. This number is expected to steadily increase in the years ahead, and would reach nearly one-third of all retail sales by 2024.
Best Platforms for E-commerce Entrepreneurs To Sell
As an e-commerce entrepreneur, to get into the UK e-commerce market, you would need to get on the best e-commerce platforms which will help you grow your retail business and help more customers find you online.
The Only List You Need to Plan E-commerce Sales in 2021
If you’re the owner of an e-commerce store, it’s important to know the holiday dates throughout 2021. An e-commerce calendar is crucial for keeping up-to-date with seasonal sales, official holidays and celebrations.
Best Accounting Tools for E-Commerce Businesses
For small e-commerce businesses with little time or expertise, not making the right choice would be costly and time-consuming. To help you with your selection, we’ve taken a look at the best accounting tools in the market.
Understanding Value Added Tax (VAT) for UK Amazon Sellers
Once you’ve crossed an annual turnover of £85,000 within the last 12 months, you must register for VAT with HM Revenue and Customs (HMRC), but what’s next? Find out how much to charge and how to reclaim VAT.
The Pros and Cons of Registering my E-commerce Company for VAT
While most business owners have the misconception that VAT registration is tedious and an additional bill to look after, VAT can also be advantageous to your business.
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.
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?
Understanding Value Added Tax (VAT) for UK Amazon Sellers
Once you’ve crossed an annual turnover of £85,000 within the last 12 months, you must register for VAT with HM Revenue and Customs (HMRC), but what’s next? Find out how much to charge and how to reclaim VAT.
Form P50: Get Your Money Back Before the End of the Tax Year
If you overpay your taxes and you don’t get any taxable income for 4 weeks, you can contact HMRC and claim your refund straight away. That is what P50 is for. We look into the process and give tips on how to make things happen.
All Filing Requirements & Deadlines for a Small Business in the UK
As a limited company director, you have to keep 2 government agencies informed about your business: HMRC and Companies House. There are various forms and payments to take care of, and different filing timelines do not make it any easier. Let us glue all the pieces into a single picture, shall we?
Selling Your Business? Entrepreneurs’ Relief Helps to Pay Less Tax
Entrepreneurs’ Relief (ER) allows you to pay less tax when you sell your company. ER is great for those unhappy with where their startup is going but unwilling to give up on their entrepreneurial career. ER can save some money and also bring enough funds to start a new business from scratch.
How to Legitimately Reduce Your Corporation Tax
You can take advantage of the legitimate ways to reduce your corporation tax, such as claiming expenses, paying yourself a salary, and spending profits. We explain each step with examples and show how you could reduce the tax you owe more than by half.
VAT Returns and Making Tax Digital (MTD) in the UK
VAT returns in the UK have been moved online — from 2019, Making Tax Digital system is in force for it. We explain how to deal with it and what the deadlines are.
Capital Gains Tax for Individuals in the UK
Capital Gains Tax is imposed when an asset that increased in value is sold. Let us look at cases when you do and do pay this tax, the rates and how they apply to you.
Taxes for UK Business Owners: 2019/20 Tax Rates, Thresholds & Allowances
Small business owners face double responsibility when paying taxes: they account both for themselves and for their companies. It is tiresome to keep up with the shifting tax rates, tax bands and allowances, so here is a guide for a private limited company owner to survive the 2019/2020 tax year.
P11D Form: All You Need to Know If You End up Googling It
The P11D form is a part of the UK payroll system that covers the benefits an employee gets. How and when to fill in the form, what the deadlines are and how to avoid any fines — Osome is here to guide you through all of it.
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.
Keeping Invoices Organised for Your Small Business
Paperwork is the least popular business activity to do because frankly balancing receivables and payables takes up a lot of time and can cause a severe headache. So how can we organise invoices and receipts more efficiently?
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.
Understanding Value Added Tax (VAT) for UK Amazon Sellers
Once you’ve crossed an annual turnover of £85,000 within the last 12 months, you must register for VAT with HM Revenue and Customs (HMRC), but what’s next? Find out how much to charge and how to reclaim VAT.
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.
A Guide to Covid-19 Relief for UK Businesses
The announcements and updates might be overwhelming to keep up with. Start here.
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.
What You Should Know About Changing Your Company’s Registered Office Address
If you’ve ever wondered what the administrative things you need to do when you move offices, read on.
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.
How Saying “No” Can Become Your Superpower in Every Negotiation
Compromise ruins negotiations. The win-win approach ruins negotiations. What doesn’t? Saying “no” whenever it needs to be said. This is the essence of Jim Camp’s theory. The 4 rules he put forward will help you feel confident and seize opportunities inside and outside the conference room
Tools to Keep Track of Your Startup Finances: P&L and Cash Flow
Running out of cash is a Number 2 reason for startup failures. So how to avoid cash disappearing into the void? Even if you are bad with numbers and find mathematics exhausting, you can use two simple tools to organise your finances: P&L and Cash Flow statements.
Form P50: Get Your Money Back Before the End of the Tax Year
If you overpay your taxes and you don’t get any taxable income for 4 weeks, you can contact HMRC and claim your refund straight away. That is what P50 is for. We look into the process and give tips on how to make things happen.
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.
Growing Your Online Store: 5 Basic Accounting Tips
Accurate accounting can help your online store make profits. Here are 5 accounting basics to level up your finances and grow your online store.
Filing Annual Returns in the UK: A Quick Guide
Whenever you register your company in the UK, you are required to submit your company's Annual Return to Companies House annually.
Share your story so 20.000+ monthly readers on our blog can learn about your journey
What Is an Annual General Meeting and Does My Company Need To Hold One?
Get a sense of whether your company needs to have a General Meeting (AGM) before presenting its financial statements to its investors (members).
The Pros and Cons of Registering my E-commerce Company for VAT
While most business owners have the misconception that VAT registration is tedious and an additional bill to look after, VAT can also be advantageous to your business.
Starting an E-commerce Business From Home
What good will going online do for me? In this article, we discuss how choosing to go online can work out to your advantage in the long run.
T-shirt Business: How To Start One the Fuss-Free Way
People shop online more often than from traditional stores. Here’s a guide on how to get started with t-shirt selling.
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.
Optimising Cash Flow Over Profits for E-commerce Entrepreneurs
As an e-commerce business owner, you might constantly worry about bringing in profit and overlook the importance of cash flow. Understand the difference between profit and cash flow.
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.
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?
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.
Is Accounting for E-commerce Companies Different?
You must understand three aspects of e-commerce accounting in order to fully understand your cash flow and profitability.
A New Entrepreneur's Guide To Become an Amazon Seller
Want to become an Amazon seller in the UK but not sure where to start? This handy guide unpacks some key steps to get you set up and selling in no time.
Statistics on E-commerce in the United Kingdom in 2021
E-commerce now accounts for more than one quarter of all retail sales in the UK. This number is expected to steadily increase in the years ahead, and would reach nearly one-third of all retail sales by 2024.
Best Platforms for E-commerce Entrepreneurs To Sell
As an e-commerce entrepreneur, to get into the UK e-commerce market, you would need to get on the best e-commerce platforms which will help you grow your retail business and help more customers find you online.
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.
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.
The Only List You Need to Plan E-commerce Sales in 2021
If you’re the owner of an e-commerce store, it’s important to know the holiday dates throughout 2021. An e-commerce calendar is crucial for keeping up-to-date with seasonal sales, official holidays and celebrations.
Keeping Invoices Organised for Your Small Business
Paperwork is the least popular business activity to do because frankly balancing receivables and payables takes up a lot of time and can cause a severe headache. So how can we organise invoices and receipts more efficiently?
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?
Best Accounting Tools for E-Commerce Businesses
For small e-commerce businesses with little time or expertise, not making the right choice would be costly and time-consuming. To help you with your selection, we’ve taken a look at the best accounting tools in the market.
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.
Understanding Value Added Tax (VAT) for UK Amazon Sellers
Once you’ve crossed an annual turnover of £85,000 within the last 12 months, you must register for VAT with HM Revenue and Customs (HMRC), but what’s next? Find out how much to charge and how to reclaim VAT.
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.
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.
Setting Up An Offshore Company in the UK
Wondering about the characteristics of a UK Offshore Company? Or what are the best company structures for one? We cover this and what its liability to income tax and capital gains tax are.
A Guide to Covid-19 Relief for UK Businesses
The announcements and updates might be overwhelming to keep up with. Start here.
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.
What You Should Know About Changing Your Company’s Registered Office Address
If you’ve ever wondered what the administrative things you need to do when you move offices, read on.
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.
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.
What to Do if you Need a Nominee Director for Your Company
Find out what you need to know if you need a nominee director, along with their roles, and what could go wrong in the process to avoid mistakes.
Corporate Secretary: What Are Their Roles and Do You Need One?
After incorporating your company, you could benefit from having a corporate secretary around. Find out if you really need one.
How to Decide Which Company Structure to Choose
A useful guide to help you compare the pros and cons of a Sole Trader, Partnership, LLP, and Ltd.
5 Things to Consider When Setting up an E-Commerce Business in UK
While starting an online venture can potentially be a rewarding business option, it involves more than just setting up a website and getting started on sales. Here are things to consider from the administrative side of setting up your business.
Everything You Wanted to Know About EBITDA Explained by an Investor
How to calculate EBITDA and, most importantly, why? A practicing financial analyst and investor Dan Satkunas explains how to assess business decisions based on EBITDA margin—and makes it all look quite interesting.
Director’s Duties, Responsibilities and Liability Under English Law
Being a director, although prestigious, entails a lot of rules to play by, and mistakes can result in serious penalties. This article written by a practicing lawyer will help you understand the rules and decide if you want to take the director’s chair.
How Accounting Is Different from Bookkeeping?
In short, bookkeepers record transactions of your company, then accountants summarise, interpret and report them. We explain who needs both specialists and why a bookkeeper can't substitute an accountant.
Osome is Proud to Serve 2000 Clients
It took us 15 months to grow the first 1,000 clients. Now, only six months later, another 1,000 business owners joined us. Thank you for trusting Osome!
We Have Become Xero’s Gold Partner
Osome has received the gold partner status from Xero, a cloud-based accounting software platform. With only 30 Singapore companies holding this title, Xero recognizes Osome expertise in bookkeeping, accounting, and taxation.
A $3m Funding Round To Expand Osome in the UK and Hong Kong
Osome announced a $3 million financing led by Target Global. The new investment will help expand its technology platform to the UK and Hong Kong, and already started testing these markets.
Osome Becomes Xero Platinum Partner in Just 3 Months
Xero, the global small business platform, awarded Osome with a platinum partner status. This is the highest level of recognition that Xero offers to their counterparts, with only 3 other companies in Singapore holding the title.
How Saying “No” Can Become Your Superpower in Every Negotiation
Compromise ruins negotiations. The win-win approach ruins negotiations. What doesn’t? Saying “no” whenever it needs to be said. This is the essence of Jim Camp’s theory. The 4 rules he put forward will help you feel confident and seize opportunities inside and outside the conference room
How to Regulate Your Relationship with a Business Partner under English Law
Whoever is becoming your partner, an old friend, your wife, or an investor, you'd better agree on how your partnership will work before you start doing business. We explain what to pay attention to and how legal documents can help.
Tools to Keep Track of Your Startup Finances: P&L and Cash Flow
Running out of cash is a Number 2 reason for startup failures. So how to avoid cash disappearing into the void? Even if you are bad with numbers and find mathematics exhausting, you can use two simple tools to organise your finances: P&L and Cash Flow statements.
How Can a Foreigner Open a Business Bank Account in the UK?
Can a foreigner open a business bank account in the UK? Yes! Nothing stops UK banks from opening business accounts for non-residents. We look at your options if you don’t want to buy or rent property and compare the bank tariffs for you.
Form P50: Get Your Money Back Before the End of the Tax Year
If you overpay your taxes and you don’t get any taxable income for 4 weeks, you can contact HMRC and claim your refund straight away. That is what P50 is for. We look into the process and give tips on how to make things happen.
What is Business Mileage and Who Can Claim It?
If your employees drive back and forth for business purposes, it’s a business-related expense. Thus, employees can claim petrol money back, and the firm can deduct these reimbursements from its taxable income. In the article below, we break down the latter — the so-called business mileage claim.
All Filing Requirements & Deadlines for a Small Business in the UK
As a limited company director, you have to keep 2 government agencies informed about your business: HMRC and Companies House. There are various forms and payments to take care of, and different filing timelines do not make it any easier. Let us glue all the pieces into a single picture, shall we?
Selling Your Business? Entrepreneurs’ Relief Helps to Pay Less Tax
Entrepreneurs’ Relief (ER) allows you to pay less tax when you sell your company. ER is great for those unhappy with where their startup is going but unwilling to give up on their entrepreneurial career. ER can save some money and also bring enough funds to start a new business from scratch.
How to Legitimately Reduce Your Corporation Tax
You can take advantage of the legitimate ways to reduce your corporation tax, such as claiming expenses, paying yourself a salary, and spending profits. We explain each step with examples and show how you could reduce the tax you owe more than by half.
VAT Returns and Making Tax Digital (MTD) in the UK
VAT returns in the UK have been moved online — from 2019, Making Tax Digital system is in force for it. We explain how to deal with it and what the deadlines are.
Oops, I’ve Overpaid an Employee
On a settlement day you understand that you paid too much to one of your employees last month. Or the employee comes to you and awkwardly says that they have been receiving way more money than the employment contract requires. How to solve any overpayment? Here are the answers.
Confirmation Statement: Everything You Need to Know
The confirmation statement is a document that must be filed by every limited company and limited liability partnership (LLP) at least once a year. If you don’t follow deadlines when filing the confirmation statement, your company might be closed, so let’s have a closer look at the requirements.
Capital Gains Tax for Individuals in the UK
Capital Gains Tax is imposed when an asset that increased in value is sold. Let us look at cases when you do and do pay this tax, the rates and how they apply to you.
Taxes for UK Business Owners: 2019/20 Tax Rates, Thresholds & Allowances
Small business owners face double responsibility when paying taxes: they account both for themselves and for their companies. It is tiresome to keep up with the shifting tax rates, tax bands and allowances, so here is a guide for a private limited company owner to survive the 2019/2020 tax year.
What is a UK Company Registration Number?
CRN is an important and unique way to identify your company as a legal entity. Also known as a business registration number, UK company number or a registered company number, you’ll find that the most common abbreviation used is “CRN”.
P11D Form: All You Need to Know If You End up Googling It
The P11D form is a part of the UK payroll system that covers the benefits an employee gets. How and when to fill in the form, what the deadlines are and how to avoid any fines — Osome is here to guide you through all of it.
PAYE & Tax Reference Numbers: Don’t Let These Codes Confuse You
Your company has several numbers and codes that go on official documents. Different HMRC departments issue them to identify your company. Let’s figure out which one means what.
P60 Form: What Is It and How to Deal with It?
The P60 form is a part of the UK payroll system that features tax payments and National Insurance contributions of a certain employee. We look deeper into the nature of the document.
How to Use Companies House Services, aka Companies House Beta
Companies House is an online service to check all data about businesses registered in the UK. So, let’s find out how many companies Richard Branson directs and what is the P&L of Tiffany & Co.
What Investors Want to Hear at Your Pitch
Talking someone into giving you money is hard, especially if we are talking millions. Osome Blog asked 3 founders who succeeded, 1 startup scout and 1 product lead to share their experience. Here’s what they told us.
Osome Attracts $2 m Investment To Develop And Expand
The funding will support new product development and reaching new markets, including Hong Kong and Australia
1,000 Osome Clients: The Osome Community is Growing
Today we celebrate our first 1,000 clients. Thank you for choosing us to be your guide in Singapore Business Administration.
Tips to run your business smarter.
Delivered to you monthly.
