How the Amazon Supply Chain Works
E-commerce

How the Amazon Supply Chain Works

To make sure Amazon runs at full capacity, there are so many different functional areas needed to work together. That's why the Amazon supply chain is so important to the success and operation of this corporation.

·6 min read

E-commerce

How To Record Donations in Bookkeeping
E-commerce

How To Record Donations in Bookkeeping

The new year is always a good time to give back to society, but how do you keep track of your donations, especially if you make them throughout the year? It's crucial to have a bookkeeping system to track your charitable donations so you don't miss out on a single deduction.

·4 min read
Bitcoin or Ether in Your Balance Sheet? Here's What You Need To Know
E-commerce

Bitcoin or Ether in Your Balance Sheet? Here's What You Need To Know

Cryptocurrency is gaining acceptance worldwide, with the increasing popularity of digital assets such as Ethereum and Bitcoin likely to propel market growth in the coming years. Should these cryptocurrencies be on your balance sheet? Read to find out more.

·8 min read
E-commerce Trends in 2022 That Businesses Need To Know
E-commerce

E-commerce Trends in 2022 That Businesses Need To Know

As an e-commerce business owner, it’s important to keep up with ever evolving trends. As we kickstart the third year of a post-COVID era, here are some e-commerce trends and how your business can remain competitive.

·9 min read
E-commerce Sales Dates in 2022 To Put in Your Calendar
E-commerce

E-commerce Sales Dates in 2022 To Put in Your Calendar

It may be one thing to remember the important dates, but preparing for them is another ball game altogether. Set yourself up for success this year by planning out your sales and marketing initiatives around 2022’s key retail calendar dates.

·12 min read
10 Tips To Help You Get Better At Selling Digital Products
E-commerce

10 Tips To Help You Get Better At Selling Digital Products

Would you pay for something that you can’t actually see or touch? It might seem odd, but you’re probably already doing just that with your mobile plan or paid apps.

·7 min read
Everything UK Amazon Sellers You Need To Know About Fees
E-commerce

Everything UK Amazon Sellers You Need To Know About Fees

If you’re just starting to sell on Amazon, or even if you’re just thinking about it, you may be wondering what Amazon seller fees are. As one of the world's largest marketplaces, Amazon isn’t, predictably, free for businesses.

·5 min read
How Does Amazon FBA Work?
E-commerce

How Does Amazon FBA Work?

Fulfillment by Amazon, or FBA, as it’s often called, allows individuals and businesses to sell products on Amazon without lifting a finger - the platform does everything for you.

·4 min read
10 Steps for E-commerce Businesses To Succeed on Square
E-commerce

10 Steps for E-commerce Businesses To Succeed on Square

With so many opportunities for businesses, the only reason not to get started is because you haven’t got an online store - and Square Online answers that problem for you. Available in the United States, the United Kingdom, Australia and Ireland.

·5 min read
KPIs and Metrics E-commerce Businesses Must Track for Optimizing Their Marketing Efforts
E-commerce

KPIs and Metrics E-commerce Businesses Must Track for Optimizing Their Marketing Efforts

How do you know your business is doing well? Or the new growth tactic you applied a month ago is taking your business in the right direction? The answer is having precise data of all activities of your business proceedings.

·9 min read
When Should I Hire An Accountant For My E-commerce Store in the UK?
E-commerce

When Should I Hire An Accountant For My E-commerce Store in the UK?

The boom in e-commerce is great for business, but does mean more responsibility and demands for business owners. If financial matters are starting to build up, it might be time to get an accountant for your e-commerce store.

·3 min read
Upselling and Cross-Selling Strategies for E-Commerce Stores
E-commerce

Upselling and Cross-Selling Strategies for E-Commerce Stores

We are inundated daily with countless ads throughout our day, both online and offline. As an e-commerce store retailer, one of the challenges that you may face is trying to get your products and message across to prospective customers.

·9 min read
A 2021 Holiday Sales Checklist for E-commerce
E-commerce

A 2021 Holiday Sales Checklist for E-commerce

Although the sales period will mean that your customers’ shopping carts will be busier, this also brings about its own set of challenges for your online business. Follow our holiday season checklist to ensure your business is well equipped for the shopper surge.

·7 min read

Taxes

Making Tax Digital: What SMEs Need To Know
Accounting

Making Tax Digital: What SMEs Need To Know

Making Tax Digital (MTD) for VAT is revolutionising the UK’s tax system, requiring businesses to keep digital financial records. From April 2022 onwards, it will apply to VAT-registered businesses of all sizes. So how can entrepreneurs get up to speed with the new rules? By reading this blog.

·4 min read
How To Reduce Taxable Income for Small Businesses
Tax Advice

How To Reduce Taxable Income for Small Businesses

As a business owner, you can’t escape paying taxes. But what kind of taxes would you have to pay, and how are you taxed?

·8 min read
What Are Double Tax Treaties in the UK?
Tax Advice

What Are Double Tax Treaties in the UK?

If you are a tax resident of the UK and have a business established in the UK or overseas, your income might not be double taxed in the UK as a result of the double tax treaties in place. What exactly are Double Tax Treaties?

·6 min read
7 Questions on Accounting, Taxes & Brexit Answered
Accounting

7 Questions on Accounting, Taxes & Brexit Answered

Osome’s own Senior Accountant, Taimur Ghafoor answers FAQs by e-commerce business owners from all around the world ranging from when the best time to get an accountant is, to what expenses are allowable for e-commerce owners.

·7 min read
How Online Sellers Can Get Ready for EU VAT Changes in July 2021
E-commerce

How Online Sellers Can Get Ready for EU VAT Changes in July 2021

The EU is set to introduce a new eCommerce VAT package that will come into effect on the 1st of July 2021. Understanding your VAT requirements is already a tough task, especially if you specialise in cross-border eCommerce. Unfortunately, however, it’s about to become even more complex.

·7 min read
8 Steps for Online Sellers To Prepare for Tax Season
E-commerce

8 Steps for Online Sellers To Prepare for Tax Season

What exactly do you need to prepare during the tax season? This article will share 8 steps on how to prepare taxes for online business.

·5 min read
A Guide to Business Income Tax in the UK
Tax Advice

A Guide to Business Income Tax in the UK

Being the boss of your own company means you get the flexibility to decide your own schedule, but when it comes to tax season, things might get a little confusing. No worries though, we're here to guide you through the process so you can stay compliant with the law.

·7 min read
7 Tax Rules UK Freelancers Should Be Aware of in 2021
Tax Advice

7 Tax Rules UK Freelancers Should Be Aware of in 2021

When you work for a company, they handle all taxes under the PAYE scheme. As a freelancer, however, this burden falls back on you — so it’s crucial you understand what your tax obligations are.

·10 min read
The Pros and Cons of Registering my E-commerce Company for VAT
E-commerce

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.

·4 min read
Post-Brexit VAT Rules UK Businesses Need To Take Note Of
Accounting

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.

·9 min read
Should I Pay Corporation Tax with My Personal Credit Card or Company Card?
Tax Advice

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
What Is VAT for UK Amazon Sellers?
Tax Advice

What Is 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.

·11 min read

Running My Business

Hong Kong Audit Report Requirements 101
Running My Business

Hong Kong Audit Report Requirements 101

In Hong Kong, all business owners must get their financial audit reports checked by someone outside the business. This requirement exists, no matter what stage your business is at. It also applies to all Hong Kong incorporated businesses – whether you trade in Hong Kong or overseas.

·4 min read
Five Key Takeaways From Steven Bartlett’s Revenue Masterclass
Running My Business

Five Key Takeaways From Steven Bartlett’s Revenue Masterclass

Osome had the privilege of hosting Steven Bartlett for a special masterclass on building a business. The masterclass was wide-ranging, taking in Steven’s past, his entrepreneurial insights, regrets and lessons.

·3 min read
How To Know a Side Hustle Can Be Turned Into A Full-Time Enterprise
Incorporation

How To Know a Side Hustle Can Be Turned Into A Full-Time Enterprise

Side hustles are increasingly popular nowadays, largely thanks to the rise of the internet, e-commerce, and social media. But how do you know when you can turn your side hustle into a full-time enterprise? What are the signs that your side hustle is ready to take the next step? Find out here.

·5 min read
How To Attract More Customers to My Website
Running My Business

How To Attract More Customers to My Website

The emergence of digital technologies has resulted in a crowded market and intense competition, where many e-commerce business owners struggle to attract customers to their stores. The good news is, there are tried and tested marketing strategies that can give you a leg up in the competition.

·6 min read
10 Businesses Started by Female Entrepreneurs
Running My Business

10 Businesses Started by Female Entrepreneurs

We want to take the opportunity to put the spotlight on successful businesses started by women.

·4 min read
How Small Businesses Can Protect the Environment in Daily Operations
Running My Business

How Small Businesses Can Protect the Environment in Daily Operations

Companies can do a lot to become an environmentally friendly business. Here are five simple steps to help your business become a green business.

·3 min read
10 Tips To Save Time as a Founder
Running My Business

10 Tips To Save Time as a Founder

On certain days, it just feels like there are not enough hours in the day. Months fly by and you wonder where the time went. As a founder of a company, you’ll need to handle tasks such as problem-solving, decision-making and even staffing matters. These could take up a lot of your time.

·6 min read
Do You Need an MBA To Create a Successful Business?
Running My Business

Do You Need an MBA To Create a Successful Business?

Thinking of pursuing an entrepreneurial journey? An MBA provides you with an edge over your competition -- but is it absolutely necessary to hold one in order to create a successful business? Read on to find out more.

·6 min read
Stress Management Tips For New Entrepreneurs
Running My Business

Stress Management Tips For New Entrepreneurs

With the pandemic affecting most companies’ operations, business owners are now finding it tougher than ever to keep their business afloat. As a new entrepreneur starting your business during these times of crisis, stress is unavoidable. Find out how to manage your stress levels with these 10 tips.

·6 min read
Business Management Costs: How To Save on Electricity or Gas Bills in the UK
Running My Business

Business Management Costs: How To Save on Electricity or Gas Bills in the UK

Electricity and gas are some of UK business’s largest expenses. And with prices at high levels, they’re only getting more and more expensive.This article explores 5 simple ways in which you can reduce the cost of your electricity and gas, helping you keep more of your cash.

·4 min read
What UK SMBs Need To Know About the Rise in Energy Bills
Running My Business

What UK SMBs Need To Know About the Rise in Energy Bills

Businesses of all shapes and sizes must also prepare for increased energy costs, with the rise particularly concerning for SMBs. Let’s examine how the price increase will affect SMBs, dig into the slither of good news (well, the not-so-bad news!), and outline how the government is planning to help.

·5 min read
How Can Working With An Accountant Help Your Startup Grow?
Accounting

How Can Working With An Accountant Help Your Startup Grow?

As a small business owner, you have probably experienced having to wear multiple hats, undertaking everything from marketing to accounting. Running a business involves many different interconnected variables, with accounting being one of the essential tasks.

·6 min read
Making Tax Digital: What SMEs Need To Know
Accounting

Making Tax Digital: What SMEs Need To Know

Making Tax Digital (MTD) for VAT is revolutionising the UK’s tax system, requiring businesses to keep digital financial records. From April 2022 onwards, it will apply to VAT-registered businesses of all sizes. So how can entrepreneurs get up to speed with the new rules? By reading this blog.

·4 min read
How To Attract More Customers to My Website
Running My Business

How To Attract More Customers to My Website

The emergence of digital technologies has resulted in a crowded market and intense competition, where many e-commerce business owners struggle to attract customers to their stores. The good news is, there are tried and tested marketing strategies that can give you a leg up in the competition.

·6 min read
10 Businesses Started by Female Entrepreneurs
Running My Business

10 Businesses Started by Female Entrepreneurs

We want to take the opportunity to put the spotlight on successful businesses started by women.

·4 min read
Creating Your Own Employment Agency in the UK
Incorporation

Creating Your Own Employment Agency in the UK

Hiring the right talent is no walk in the park. While candidates are readily available in the job market, matching a job seeker to an ideal job profile can be challenging. That’s where an employment agency comes in, facilitating collaboration with employers and job seekers for a successful match.

·7 min read
How Small Businesses Can Protect the Environment in Daily Operations
Running My Business

How Small Businesses Can Protect the Environment in Daily Operations

Companies can do a lot to become an environmentally friendly business. Here are five simple steps to help your business become a green business.

·3 min read
10 Tips To Save Time as a Founder
Running My Business

10 Tips To Save Time as a Founder

On certain days, it just feels like there are not enough hours in the day. Months fly by and you wonder where the time went. As a founder of a company, you’ll need to handle tasks such as problem-solving, decision-making and even staffing matters. These could take up a lot of your time.

·6 min read
Do You Need an MBA To Create a Successful Business?
Running My Business

Do You Need an MBA To Create a Successful Business?

Thinking of pursuing an entrepreneurial journey? An MBA provides you with an edge over your competition -- but is it absolutely necessary to hold one in order to create a successful business? Read on to find out more.

·6 min read
Stress Management Tips For New Entrepreneurs
Running My Business

Stress Management Tips For New Entrepreneurs

With the pandemic affecting most companies’ operations, business owners are now finding it tougher than ever to keep their business afloat. As a new entrepreneur starting your business during these times of crisis, stress is unavoidable. Find out how to manage your stress levels with these 10 tips.

·6 min read
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