Self Assessment: What Is Payment on Account?
If you’re self-employed and your tax bill is more than £1000, you pay a payment on account. This is, essentially, paying your tax in advance on expected earnings. It’s quite a big extra chunk of money on top of your tax bill. But don’t fret, it can be managed.
The Best Invoice Apps for Small Businesses
Looking for the best invoice app for your business? Here in this article, we will give you an overview of the 9 best invoice apps that will help you to create and send invoices quickly and easily.
Get Paid Faster With Osome Invoices
The best part? It’s free. Nada, nothing, goose egg. All of our customers will get access with no extra fee. It’s available for you to use within the Osome app. Invoicing will launch on mobile (Android/iOS) shortly.
Making Tax Digital: What SMEs Need To Know
In the UK, MTD for VAT is revolutionizing the tax system by integrating 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.
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.
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.
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.
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.
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.