Accounting

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.

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.

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.

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.

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.

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.

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.

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.

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.