Accounting

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
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
5 Tips on How To Approach Automating Recurring Tasks in Accounting
Accounting

5 Tips on How To Approach Automating Recurring Tasks in Accounting

The bulk of accounting work often involves repetitive tasks that can get tedious and time-consuming for many e-commerce business owners. You can now enjoy the benefits of automation in accounting.

·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
Business Records: A Guide for New E-commerce Owners
Accounting

Business Records: A Guide for New E-commerce Owners

While recordkeeping can be challenging, having clear records of your employees, expenses, income, accounts and tax documents can help you monitor your company's progress and give you peace of mind.

·5 min read
How UK E-Commerce Owners Wrongly Account for Cost of Goods Sold
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.

·5 min read
The Future of E-commerce - Key Trends & Findings in 2021 & Beyond
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.

·12 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
A Guide to Dividend Payments for Small Businesses in the UK
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.

·5 min read

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