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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.

Latest Posts

How the Increase In National Insurance Contribution Rates Will Impact Your Business

How the Increase In National Insurance Contribution Rates Will Impact Your Business

The Ultimate Website Design Guide for E-commerce

The Ultimate Website Design Guide for E-commerce

Invoice Best Practice for SMBs in the UK

Invoice Best Practice for SMBs in the UK

A Guide for EU Companies Expanding to the UK: What You Need To Know

A Guide for EU Companies Expanding to the UK: What You Need To Know

E-commerce

E-commerce

The Ultimate Website Design Guide for E-commerce

If you’re looking to improve your e-commerce page and improve sales, you might want to learn the fundamentals of how to design a good website.

E-commerce

Shopify Plans And Prices Analysis: Which Is The Best?

When you start an online business, you will definitely require a platform like Shopify for you to perform basic business operations. This article helps you to see which Shopify plan is best for the stage of the business you’re at.

E-commerce

How Amazon Sellers Can Better Manage Inventory To Improve Sales & Cashflow

Brand owners and sellers of all scales struggle to seek a well-balanced supply chain. Additionally, Amazon has its own inventory management rules, which makes everything even tougher.

E-commerce

10 Best Hosting Providers for E-commerce in 2021

If you are looking to sell online, the right e-commerce hosting provider can make all the difference. However, with a variety of options out there, choosing the best provider can be confusing.

E-commerce

What an Invoice for E-commerce Businesses Needs To Have

For business owners who own and run an online store, you probably already know that invoices must be sent to your customers for the services you provide or the goods you sell, as a form of purchase proof.

E-commerce

Top 8 Features You Need On Your Online Shop To Increase Conversion Rate & Average Order Value

Every e-commerce merchant wants to increase their sales conversion rate and boost their average order value. But not everyone goes about it the right way. However, if getting more conversions was easy, everyone would be running a super-profitable store, right?

E-commerce

A New Seller's Guide to E-commerce Fulfillment & Shipping

Ecommerce fulfilment and shipping for your UK-based business matters. This guide unpacks how the right strategy can influence your bottom line and help you find what’ll work best for you - whether it’s in-house fulfilment, dropshipping or a solid partnership with a 3PL.

Amazon

4 Steps How To Succeed In Private Label Sales On Amazon

One of the most common mistakes Amazon private label sellers make is that they just assume they can sell and make money easily when they start private labelling. Learn from Amazon sellers who have tried.

E-commerce

Where Else Do Amazon UK Sellers Sell?

In the fast-paced world of eCommerce – where consumers’ shopping behaviour is changing, many sellers are asking themselves how they can get a bigger piece of the lucrative Amazon pie or how they can make more and more sales – besides from selling on Amazon?

E-commerce

How Packaging Inserts Can Increase Your E-commerce Revenue

Improving customer retention is one of the effective ways to create brand awareness. Placing your focus on existing customers also means that you do not have to splurge extra dollars on marketing.

E-commerce

5 E-Commerce Niches To Pay Attention To

If you’re just starting or looking to go in a new direction, finding a lucrative niche will make every part of running your e-commerce business easier. This article will look at the trending e-commerce niches to consider.

E-commerce

10 Tips How To Sell Digital Products Online

Digital products are easier to sell than physical products. There is no need to keep stock or worry about expiration dates, packaging, or shipping. You earn revenue as long as you keep them available for download online. Pretty attractive, what say you?

Taxes

Tax

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?

Tax

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?

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.

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.

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.

Tax

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.

Tax

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.

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.

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.

Tax

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?

Tax

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.

Running My Business

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.

Running My Business

Running My Business

How the Increase In National Insurance Contribution Rates Will Impact Your Business

After making it through the pandemic, how will the new Health and Social Care Levy (HSCL) affect your bottom line? Many small businesses will feel overwhelmed. But you can take control by understanding the immediate changes and preparing for the future consequences for your business.

Running My Business

Should I Close My Company or Make It Dormant?

Choosing between closing your company for good and making it dormant is a huge decision to make. Before taking that step, get to know what the consequences are for each decision. We’re here to help.

E-commerce

What an Invoice for E-commerce Businesses Needs To Have

For business owners who own and run an online store, you probably already know that invoices must be sent to your customers for the services you provide or the goods you sell, as a form of purchase proof.

Running My Business

4 Things EU Companies Need to Know to Trade in UK Post-Brexit

Even though the new import and export regulations are among the most important changes for sellers, it is wrong to assume that if you got your finances and taxes sorted out, that is all you need. In this article, you are getting an overview of important changes and how to manage them.

Running My Business

13 Types Of Small Business Loans That Could Help Grow Your Company

There are many reasons why opting for a small business loan could be beneficial, offering an important injection of cash when you really need it. And the good news is there are lots of different types of business loans in the UK.

Running My Business

How To Transfer Shares As a Private Company

In a UK company, shares are often transferred from one shareholder to another. Depending on your business model and how you wish to proceed, you may want to issue, allocate, or transfer shares.

Running My Business

Is Cryptocurrency Right for Your Business Operations?

There are more than 4,000 cryptocurrencies that exist. Before you jump on the bandwagon, assess whether cryptocurrencies are suitable to be used in your business.

Payroll

How Your Company Can Streamline Its Payroll Process

For a business to run smoothly, the payroll process must be streamlined and error-free. It is easy to streamline and optimize your payroll and other back-office processes within your SMB. Did you know that this can improve your cash flow?

Running My Business

Does My Company Need A Data Protection Officer?

Data is widely used in today’s world. We are talking about personal data. Individuals routinely provide their personal data to companies during their transactions. On the other hand, companies collect, use and process these data to achieve their businesses’ objectives.

Running My Business

What’s the Cost of Living for a Foreign Business Owner in the UK?

The UK is an attractive place to settle given its fairly high standards of living, state healthcare system, and reasonably strong economy. However, if you’re a foreign business owner considering moving to the UK then there’s another major factor that you must first consider: the cost of living.

Running My Business

A Guide to Changing Company Name and Information

Change is part and parcel of business—so you need to know how to change your company name and information in order to stay fully compliant with HMRC and Companies House going forward.

Running My Business

7 Tips To Grow Your Business in Uncertain Times

In this webinar, we discussed how businesses can scale and grow this century by raising capital, setting up accounting, and utilizing legal services.

Running My Business

Should I Close My Company or Make It Dormant?

Choosing between closing your company for good and making it dormant is a huge decision to make. Before taking that step, get to know what the consequences are for each decision. We’re here to help.

E-commerce

Shopify Plans And Prices Analysis: Which Is The Best?

When you start an online business, you will definitely require a platform like Shopify for you to perform basic business operations. This article helps you to see which Shopify plan is best for the stage of the business you’re at.

Entrepreneur's Bootcamp

Tips To Maintain a Compliance Calendar

The repercussions of missing crucial deadlines extend beyond non-compliance and can even include hefty fines, lost revenues and opportunities, as well as decreased productivity.

The future of entrepreneurship

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Share your story so 20.000+ monthly readers on our blog can learn about your journey

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E-commerce

How Amazon Sellers Can Better Manage Inventory To Improve Sales & Cashflow

Brand owners and sellers of all scales struggle to seek a well-balanced supply chain. Additionally, Amazon has its own inventory management rules, which makes everything even tougher.

E-commerce

10 Best Hosting Providers for E-commerce in 2021

If you are looking to sell online, the right e-commerce hosting provider can make all the difference. However, with a variety of options out there, choosing the best provider can be confusing.

E-commerce

What an Invoice for E-commerce Businesses Needs To Have

For business owners who own and run an online store, you probably already know that invoices must be sent to your customers for the services you provide or the goods you sell, as a form of purchase proof.

Incorporation

How New Company Owners Should Prepare Financial Statements

After you register your company, you may want to start thinking about your company’s finances such as monthly income, expenses and taxes because UK company owners need to submit their company’s annual accounts to Companies House.

Incorporation

What Are the KYC or Know Your Customer Checks In the UK When Opening a Company?

KYC checks are needed for the authorities to combat money laundering and terrorism financing. You might unwittingly partner up with clients who are using their business relationship with your company to launder money or facilitate other nefarious projects.

Brexit

OSS or IOSS? VAT One-Stop-Shop Rules for E-commerce in the EU

Since July 2021, the European Union’s (EU) existing VAT rules have been replaced by two new alternatives: the One-Stop-Shop (OSS) scheme, and the Import One-Stop-Shop (IOSS) scheme.

E-commerce

Top 8 Features You Need On Your Online Shop To Increase Conversion Rate & Average Order Value

Every e-commerce merchant wants to increase their sales conversion rate and boost their average order value. But not everyone goes about it the right way. However, if getting more conversions was easy, everyone would be running a super-profitable store, right?

E-commerce

A New Seller's Guide to E-commerce Fulfillment & Shipping

Ecommerce fulfilment and shipping for your UK-based business matters. This guide unpacks how the right strategy can influence your bottom line and help you find what’ll work best for you - whether it’s in-house fulfilment, dropshipping or a solid partnership with a 3PL.

Amazon

4 Steps How To Succeed In Private Label Sales On Amazon

One of the most common mistakes Amazon private label sellers make is that they just assume they can sell and make money easily when they start private labelling. Learn from Amazon sellers who have tried.

E-commerce

Where Else Do Amazon UK Sellers Sell?

In the fast-paced world of eCommerce – where consumers’ shopping behaviour is changing, many sellers are asking themselves how they can get a bigger piece of the lucrative Amazon pie or how they can make more and more sales – besides from selling on Amazon?

Running My Business

4 Things EU Companies Need to Know to Trade in UK Post-Brexit

Even though the new import and export regulations are among the most important changes for sellers, it is wrong to assume that if you got your finances and taxes sorted out, that is all you need. In this article, you are getting an overview of important changes and how to manage them.

E-commerce

How Packaging Inserts Can Increase Your E-commerce Revenue

Improving customer retention is one of the effective ways to create brand awareness. Placing your focus on existing customers also means that you do not have to splurge extra dollars on marketing.

Tax

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?

E-commerce

5 E-Commerce Niches To Pay Attention To

If you’re just starting or looking to go in a new direction, finding a lucrative niche will make every part of running your e-commerce business easier. This article will look at the trending e-commerce niches to consider.

Running My Business

13 Types Of Small Business Loans That Could Help Grow Your Company

There are many reasons why opting for a small business loan could be beneficial, offering an important injection of cash when you really need it. And the good news is there are lots of different types of business loans in the UK.

Incorporation

How To Choose a Company Name for First Time Business Owners

If you’re setting up a company in the UK, one of the first steps to get your business up and running is to choose a name for your company. A company’s name and logo determines how your potential customers and partners view your company.

Accounting

How UK E-Commerce Owners Wrongly Account for Cost of Goods Sold

Are you trying to understand why your e-Commerce cost of goods sold is too high? If you are struggling to know how to calculate this to find whether there are any mistakes, this article can help you find a solution.

Customer Stories

How Foggywipe Grew Sales Instead Of Spending 300 Hours A Year On Accounting

Webb had good sales coming to his online shop especially when he launched Facebook ads. However, when it came to bookkeeping and accounting, he had no clue about what to do.

Running My Business

How To Transfer Shares As a Private Company

In a UK company, shares are often transferred from one shareholder to another. Depending on your business model and how you wish to proceed, you may want to issue, allocate, or transfer shares.

Running My Business

Is Cryptocurrency Right for Your Business Operations?

There are more than 4,000 cryptocurrencies that exist. Before you jump on the bandwagon, assess whether cryptocurrencies are suitable to be used in your business.

Entrepreneur's Bootcamp

What Are Directors' Duties In The UK?

We bring you through what kind of directors there are, who can become a company director, a director’s duties and what the role entails.

Entrepreneur's Bootcamp

A Guide to Opening Your First Business Bank Account in the UK

If you are a small business owner, you are not required legally to have a corporate bank account. However, opening your corporate bank account has its advantages and can help you keep your accounts clean.

E-commerce

10 Tips How To Sell Digital Products Online

Digital products are easier to sell than physical products. There is no need to keep stock or worry about expiration dates, packaging, or shipping. You earn revenue as long as you keep them available for download online. Pretty attractive, what say you?

E-commerce

7 Best Ways To Accept Payments For Your Online Store

Many payment options allow you to accept credit cards and other payment types. How do you choose which method to include on your website?

E-commerce

Retaining Customers: How To Keep Them Coming Back

Every business likes new customers, especially when the customer uses their services again and again. Existing customers help in creating a solid foundation of your business that provides a steady revenue stream that costs less than acquiring new customers.

Payroll

How Your Company Can Streamline Its Payroll Process

For a business to run smoothly, the payroll process must be streamlined and error-free. It is easy to streamline and optimize your payroll and other back-office processes within your SMB. Did you know that this can improve your cash flow?

E-commerce

Profitable Ways To Offer Free Shipping

Should a customer or seller pay for shipping? Turns out, it is possible to offer free shipping and have a profit margin at the same time.

Government Grant

The Ultimate List of Grants That Small Businesses Can Apply for in 2021 By Location

This is the definitive list of grants that UK-based small or medium-sized enterprises (SMEs) can apply for in 2021. This article will first look at UK-wide grants, then delve into grants available by nation, and finally, will examine grants available for each English region.

E-commerce

10 Best Website Builders for E-commerce Businesses

An e-commerce online store should be pleasing to the eyes, easy to navigate, with a simple checkout process. While these are the most basic features of an online store, website builders nowadays offer so much more to online entrepreneurs.

Tax

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?

E-commerce

Top Online Payment Gateway for E-commerce Sellers

Other than branding and marketing, these technologically savvy consumers are well acquainted with the Internet and convenient payment gateways and demand nothing less than a seamless e-commerce transaction.

E-commerce

E-commerce Photography: 8 Tips You Need to Know

Want to kickstart your start-up or bolster an existing online business? These 8 e-commerce photography tips could have a direct impact for small businesses owners in the UK, take a look.

E-commerce

The Future of E-commerce - Key Trends & Findings in 2021 & Beyond

Find out how businesses in the UK can better understand projections for e-commerce, why emerging markets are so important, and how to outsource administrative tasks to grow faster.

E-commerce

The Best Way To Find and Sell Niche Products Online

Launching an online business is not an easy achievement, with increasingly more entrepreneurs entering the online market space. Competition is fierce, product ideas are saturated, and consumers are getting more well-versed in sieving out the best prices for online products.

Running My Business

Does My Company Need A Data Protection Officer?

Data is widely used in today’s world. We are talking about personal data. Individuals routinely provide their personal data to companies during their transactions. On the other hand, companies collect, use and process these data to achieve their businesses’ objectives.

E-commerce

Tips To Sell Well on Amazon by 4 Successful Amazon Sellers

When it comes to selling your products on Amazon, there’s clearly a lot of money to be made. But prospective sellers face stiff competition. There are over 9.7 million Amazon market sellers worldwide. So, how can you stand out amongst the crowd—and most importantly, how can you be successful?

Running My Business

What’s the Cost of Living for a Foreign Business Owner in the UK?

The UK is an attractive place to settle given its fairly high standards of living, state healthcare system, and reasonably strong economy. However, if you’re a foreign business owner considering moving to the UK then there’s another major factor that you must first consider: the cost of living.

Running My Business

A Guide to Changing Company Name and Information

Change is part and parcel of business—so you need to know how to change your company name and information in order to stay fully compliant with HMRC and Companies House going forward.

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.

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.

Running My Business

7 Tips To Grow Your Business in Uncertain Times

In this webinar, we discussed how businesses can scale and grow this century by raising capital, setting up accounting, and utilizing legal services.

Running My Business

What You Need To Know About Changes To Prompt Payment Code

Large businesses often get into the habit of paying their suppliers late. But why? Well, put simply, because they can. Late payments are so addictive that they have even been described as “the crack cocaine for larger companies”.

News

Osome Raises $16M in Series A Funding To Expand Globally

Osome has raised $16M in a Series A funding from a group of investors including Target Global, AltaIR Capital, Phystech Ventures, S16VC, Ace & Company and Peng T. Ong, who joined as an angel investor.

Incorporation

What to Do If You Want To Change Your Financial Year End Date

Most business owners choose their financial year-end date based on the tax year, which runs from 6 April to 5 April of the following year. There is no hard rule that you have to use a stipulated year-end date. You have the power to choose any other date for your business year-end.

Accounting

A Guide to Dividend Payments for Small Businesses in the UK

Your main goal of opening a company in the UK should be to make profits, and depending on your corporate goals you may choose different ways to extract your financial earnings. One way is to distribute your profits to shareholders, also referred to as paying out dividends.

E-commerce

Do I Need Business Insurance for My E-Commerce Store? – What You Need To Know

As a business entrepreneur, you might be wondering if you need insurance or how much coverage you need. We will address the issues of why getting insurance is important, and the different types of insurance coverage you might want to consider for your business.

Incorporation

A Guide to Setting Up a Holding Company in the UK

A holding company follows the same incorporation process as a normal company, although it provides different purposes for business owners. Understand what a holding company is and the tax advantages of one.

News

Osome Is Now 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.

E-commerce

Fulfillment and Storage: What Impact Do They Have on Your Online Business?

So, you have reached a turning point in your company’s growth and feel like you need to focus more on order processing and fulfillment. That’s great because that will allow you to grow your sales.

E-commerce

Currency Risk: What E-commerce Sellers Should Know

If you trade in a stronger currency, you will have to pay more for fewer items, which can squeeze your profit margins and make competing with other businesses difficult for you. It can also affect your ability to make profitable investment opportunities.

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.

E-commerce

Choosing a Store Name for Your E-commerce Business

Choosing a good brand name once you have registered your company is important for an e-commerce business store because it will grow to be the brand that users identify with.

E-commerce

A Guide to Choosing the Right Domain Name for Your E-Commerce Website

A domain name is an identity and at the same time, the address for customers to get to e-commerce businesses’ stores online. Thus, choosing the perfect domain name is important for your e-commerce business.

E-commerce

Top 20 Free Shopify Apps for Your E-commerce Business

If you’re looking to jumpstart your e-commerce business by improving your online store’s functionality, you’ll need to take advantage of free apps on the Shopify App Store.

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.

Incorporation

The Complete Guide to Setting Up A Special Purpose Vehicle (SPV) Company

Using a special purpose vehicle structure to set up a company has been gaining popularity over the years, especially with property investors. However, beyond dabbling in property investments, there are also reasons why you may want to consider including setting up an SPV in your business planning.

Accounting

A New Business Owner’s Guide to the First Company Audit

Audits are important to stay compliant with the law, so you can focus your energy on your core business. Read on to determine whether you need a company audit, and how you can go about doing so.

Running My Business

What Every Online Seller Needs To Know About Customer Lifetime Value

When you start with customer lifetime value, you will see that it's very simple and affordable to sell your products to an existing client than to acquire a new one.

Running My Business

Bans for Small Business Owners Who Fail To Repay Covid Debt

Owners of small businesses who dissolve their businesses to avoid Covid debt could lose their right to serve as directors for up to 15 years.

E-commerce

Make, Manufacture, Wholesale or Dropship: 4 Business Models for E-commerce Businesses to Choose From

As an online business owner, you will have to face many choices. Apart from the products you intend to sell, you will also have to make your biggest business decision when it comes to the ideal business model to pursue.

Entrepreneur's Bootcamp

10 Steps To Prepare For Fundraising From a Venture Capitalist

The most difficult part of starting your own business can be raising capital. For practical tips, we asked Jason Edwards of VentureCap Insight. He’s seen many startups ask for money from his experience as a venture capitalist.

Accounting

11 Reasons Why You Should Let Osome Take Over Your Accounting

To get the best chance at success, entrepreneurs have to make sure they have the right partners around them when starting their own business. Here’s why we are the right partner for your accounting tasks.

Entrepreneur's Bootcamp

Best UK Business Bank Accounts for New E-commerce Sellers

E-commerce has advanced so rapidly that not all banks can keep pace. Choosing the right bank will help you succeed in your business and grow.

News

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.

Customer Stories

How a Multi-Channel E-commerce Seller Saves 25h/month Working With the Right Accountant

The multi-hyphenate revealed to us how he started his YouTube channel two years ago with one sole purpose, to document his progress as an entrepreneur and investor in the world of business and to help as many people as he can by sharing his knowledge and learning along the way.

Accounting

Creating an Invoice - A Guide

An invoice contains all the necessary information you’ll need when you start doing accounting. Here's how to make an invoice.

Accounting

A Basic Guide to Reading Balance Sheets

When it comes to managing your business, one of the most crucial financial statements is the balance sheet. We cannot emphasise how important it is to learn how to read a balance sheet to ensure your company's financial health.

E-commerce

10 E-commerce Tips From Industry Experts: Webinar by Osome, HelloTax, Incorporate Estonia and Huboo Technologies

Looking back at 2020, a group of industry practitioners discussed what e-commerce will look like in 2021 and what tips retailers could use to grow their businesses.

Tax

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.

Incorporation

5 Benefits of Using a Digital Business Account You Should Know About

A digital world is changing the way we bank. You might have heard about digital banks while thinking of setting up your business in the UK.

Running My Business

Avoiding the Bottleneck: How To Crack Down on Late Payments

Considering the risks posed by late payments, it’s wise that all small businesses take steps to avoid the issue arising in the first place, and to address the impact if it does.

Running My Business

How SMEs Are Coping With The Economic Fallout Of COVID-19

With the UK being one of the hardest-hit nations, British SMBs have felt the full brunt of this COVID-19-related economic fallout. Let’s explore how they’ve coped throughout this period.

Running My Business

A Guide to Financing for UK Businesses Importing and Exporting Globally

Times are tough for UK businesses that trade internationally, whether it’s contending with the new Brexit regulations or dealing with the knock-on effects of the COVID-19 pandemic. But don’t worry, there’s help out there—provided you know where to look.

Running My Business

New Tax Year 2021: What Small Businesses Need To Know

The recent budget will be much appreciated by thousands of businesses across the country, with reductions in VAT for the hospitality sectors, and the introduction of the ‘super deduction’ tax break, among others.

Tax

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.

Foreigner's guide

The Best Way to Set Up a Business in Singapore from the UK

Singapore taxes are low, company formation for foreigners is easy, and a foreigner can own 100% of a Singapore business. If you decide to move, the quality of life is high.

Customer Stories

Seller Spotlight on Merch Master: How a Clothing Merchandise Agency Does Accounting

This is a part of a series on Osome Seller Spotlight where we get to know the people behind the businesses we serve.

Entrepreneur's Bootcamp

4 Ways To Find the Best Co-Founders for Your Business

Sometimes you need someone to either help you improve and execute your great idea or to help you raise the capital you need before setting up a company. That is where the need for a cofounder arises. Here are 4 tips to find the right one.

Entrepreneur's Bootcamp

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.

Running My Business

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.

Entrepreneur's Bootcamp

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.

Entrepreneur's Bootcamp

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.

Entrepreneur's Bootcamp

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).

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.

E-commerce

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.

E-commerce

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.

Brexit

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.

E-commerce

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

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.

Brexit

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

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.

E-commerce

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.

E-commerce

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.

E-commerce

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.

E-commerce

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.

Accounting

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.

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.

E-commerce

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.

Accounting

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?

Tax

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?

E-commerce

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.

Government Grant

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.

Tax

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.

Incorporation

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.

Accounting

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.

Entrepreneur's Bootcamp

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.

Running My Business

A Guide to Covid-19 Relief for UK Businesses

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

Entrepreneur's Bootcamp

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.

Running My Business

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.

Running My Business

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.

Entrepreneur's Bootcamp

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.

Entrepreneur's Bootcamp

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.

Entrepreneur's Bootcamp

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.

E-commerce

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.

News

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.

Accounting

Everything You Wanted To Know About EBITDA

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.

Entrepreneur's Bootcamp

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.

Entrepreneur's Bootcamp

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.

News

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!

News

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.

News

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.

Guide

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

Accounting

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.

Running My Business

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.

Guide

UK Bank Account for Non-Residents

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.

Running My Business

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.

Running My Business

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.

Accounting

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?

Tax

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.

Tax

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.

Running My Business

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.

Running My Business

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.

Accounting

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.

Tax

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.

Tax

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.

Entrepreneur's Bootcamp

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”.

Payroll

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.

Tax

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.

Payroll

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.

Entrepreneur's Bootcamp

Companies House Beta in the United Kingdom

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.

Growth

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.

News

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

News

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.

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