Entrepreneur's Bootcamp
Cost of Living as a Foreign Business Owner in Hong Kong
You’ve decided on setting up your company’s base in Hong Kong. The next step then would be to find out how much it costs to live there before you make the jump.
Invoice Best Practice for SMBs in the UK
In this article we’ll unpack some best practice tips to help you improve your invoicing and streamline your biz to take the pressure off your cash flow. Take a look.
Best Practice Invoicing Tips for SMEs
Want to know how to improve your invoicing? We’ve unpacked a few best practice tips that are ideal for business owners in Hong Kong like you, So if you need a little guidance, and a recap on writing commercial invoices as a newbie, we can help.
Best Practice Invoicing Tips for SMEs
This article will help Singapore-based SMEs get to grips with the best invoicing practices. Take a look at the tips and how-tos to guide you toward being more streamlined and savvy.
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.
What Is 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 Cost of Living as a Foreign Business Owner in Singapore
When choosing Singapore as a base to run your business is the cost of living, you need to consider the cost of living.
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.
How To Pick the Right Company Name
Choosing a business name is not that simple, and you may wreck your brains over choosing one, only to find out that ACRA did not approve its registration.
What Are Directors' Duties In Hong Kong?
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.
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.
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.
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.
Best Bank Accounts for E-commerce Businesses
Banking alternatives are emerging as new banking solutions which are good news for online businesses searching for more business bank accounts options for their e-commerce store.
13 Best Co-Working Offices in Singapore
Trying to beat the work-from-home slump? Give your productivity a much-needed booster at an amazing co-working space of your choice. From stunning views, amenities, to convenient central locations, you’d surely find a space to get your inspiration flowing.
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.
An Investor's 10 Tips on How To Prepare for Fundraising
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.
10 Tips 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.
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.
11 Reasons To Go With Osome To 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.
11 Reasons to Choose Osome to 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.
The Ultimate List of Best Banks for E-commerce Businesses in Singapore
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.
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.
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.
The Only Guide You Need To Create Your First Invoice
Simple invoices can help save time with all basic accounting details you require to bill clients for your work. Think of them as organised documents that are easy to understand and create.
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.
A Guide to Creating an Invoice
Simple invoices can help save time with all basic accounting details you require to bill clients for your work. Think of them as organised documents that are easy to understand and create.
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.
New Business Owners' 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.
Understanding 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.
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.
Digital Business Accounts Over Traditional Bank Accounts: 5 Advantages
Today's increasingly digital world is changing the way we bank. Digital banks may be something you've heard about while setting up your business in Hong Kong, but you've probably wondered how they can help your business run more smoothly.
5 Benefits of a Digital Business Account vs. Traditional Bank Account
In an increasingly digital world, the way we bank is changing. Digital banks are probably something you may have heard about while thinking of setting up your business in Singapore but wondering how they can help you run your business better.
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.
4 Ways to Find Ideal Co-Founders for Your Business
Here are four tips to find the right cofounder if you are either looking for someone to help you refine and execute an idea, or to raise capital before setting up a company.
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.
Cofounders for Your Business: 4 Ways To Find Them
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.
Getting Started With Bookkeeping If You've Never Done It
In the bookkeeping process, we record, classify, and organize financial transactions in your company for both new and established business owners. Find out the basics for your business.
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.
A Survival Guide to Bookkeeping When You Have No Idea How To Do It
In short, bookkeeping is the process of recording, classifying, and organizing all financial transactions that happen within your business.
Growing Your Online Store with 5 Basic Accounting Tips
Accurate accounting will boost profits for your online store. Here are five accounting basics to bolster your finances and grow your online store
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.
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.
Your Online Store Will Grow With These 5 Accounting Tips
Your online store can suffer from poor accounting, so here are five accounting basics to strengthen your finances and increase sales.
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).
A Guide to Applying for Investment Visa for Entrepreneurs
If you want to start a business in Hong Kong or join a startup here, you may need a Hong Kong Investment Visa. Read about what you need and who can apply.
What New Business Owners Need To Know About Companies Ordinance
In Hong Kong, the Companies Ordinance creates a legal framework for companies to be incorporated and operate. As your company would need to adhere to it, find out what it’s about.
A Guide to Issuing Share Certificates for Singapore Companies
If you are starting a new company, you will need to issue a share certificate when your company is being incorporated. This article will go through the information you need to prepare this document.
Tips for Organising Invoices and Receipts for Small Businesses
Ask any entrepreneur what their least favorite business activity, just about all of them will say “paperwork”. Here’s some tips to get you to organise your invoices and receipts so you can turn your frown upside down.
A Guide to Taxable Income for New Business Owners in Hong Kong
With so many new rules and regulations every year, it’s hard to keep up with what is taxable and what is not taxable. In this article, we will take you through an overview of taxation in Hong Kong and the types of income earned that are taxable.
Record Keeping Done Right
Record keeping in accounting is a process that most newly formed companies cannot ignore, but what is the most efficient way to approach this? Our partner, Navisteps has some advice for new companies.
A Guide to Basic Bookkeeping for New Business Owners
Bookkeeping is a complex process, but an essential one nonetheless. Here's how you can get started with a fundamental understanding of what bookkeeping involves
A Guide to Central Provident Fund (CPF) for New Employers
When you set up your company in Singapore, you will have to eventually hire to grow your business. As an employer, legal obligation to contribute to the Central Provident Fund (CPF) of staff who are Singapore citizens or Permanent Residents. Find out what exactly you need to know to stay compliant.
Skills Development Levy: How Much Must Employers Pay on Their Staff?
This article will elaborate on this less well known statutory fund that all employers need to pay on each staff they have. Find out how to pay it and more in this article.
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.
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.
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.
6 Tips to Improve Accounting Accuracy for Hong Kong Companies
Stay compliant with the Inland Revenue Department and prepare end-of-year financial statements in no time at all when you follow these tips for accounting accuracy of your company.
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.
Checklist for Starting an E-commerce Business in Singapore
There are a lot of opportunities in the region with an e-commerce business. Find out how to start your own company officially with this article.
When Should a Freelancer Register a Private Limited Company?
When you’re ready to grow to the next stage of your business, you might be wondering what to do next. Read on.
What Is the Know Your Customer (KYC) Process All About?
Get to know about this important step and what documents to provide to help your corporate service provider incorporate your company quicker.
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.
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.
What’s Next After Incorporation? 12 Things To Do
There is more work you’ll need to do after opening a company. Here are 12 tasks you should do within your first year after registering your company.
Selecting a Financial Year End for Your New Company
Your financial year end affects how you do your accounting and tax submissions. So how do you decide? Read on.
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.
Using a Virtual Office as My Registered Physical Address
As companies work remotely and borders are restricted, would virtual offices fulfil the requirement to open a company?
A Guide to Setting Up an Import and Export Company
What do you need to do before you have your own import and export company? Find out the steps and how to get started.
Choosing a Virtual Office Service for My Company
Are you considering reducing your expenses and wondering if a virtual office fulfils the requirements to set up a company? Read on.
6 Advantages of Converting to a Private Limited Company
Is it time for your freelance business to change from a sole proprietor? Find out the 6 advantages and 3 steps to a Private Limited Company.
5 Steps to Starting Your Own Recruitment Business
Did you know that after incorporating your company, there are licences and security deposits to make to set up an employment agency? Read on.
PDPA & GDPR: Does My Company Need to Comply?
Does the PDPA apply to my company? What about the GDPR? Ease your worries and read through this guide to tell it to you straight, with examples.
Setting Up a Company: How to Prepare Your Company Constitution
This document is part of a legal requirement in your company’s incorporation process. Find out how to draft one.
Appointing a Company Director: Things to Know
Find out everything you need to know about appointing a resident director to open a company in Singapore here.
Find the Right Fit: Which Corporate Structure is Best for my New Company
Now you’ve decided to set up a company, which business structure would be the best? We take you through to find the right fit.
Getting Your Business Registration Certificate
We illustrate how simple and seamless the process of getting a business registration certificate can be.
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.
E-commerce in Hong Kong: How to Set Up Your Company?
Whether you have an existing retail business and are thinking of pivoting your business model, or just starting from scratch to open an online shopping store in Hong Kong, we’re here to help you make your company official.
MPF Guide to Employers in Hong Kong
As a new employer, you need to be aware of different schemes under the Mandatory Provident Fund (MPF) to kickstart your hiring process. This article will take you through what MPF is about.
A Quick Guide on Directors' Duties in Hong Kong
Being a director is as prestigious as it is cumbersome, or so they say. Let's look at directors' duties in Hong Kong and try to evaluate how much risk comes with this respectable job title.
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.
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.
Pointers to Get Your ID Approved by Companies Registry on Your First Try
When setting up a company in Hong Kong, foreign directors and shareholders must submit a notarized copy of their ID. We explain how to obtain a document that will pass the requirements
How Singapore Will Support Your Business during the Pandemic
The Resilience Budget measures will help local companies survive: up to 25% of the salaries'll get co-funded, tax payments are called off and loans are secured. Read on for details
Renting Your First Office Space in Singapore: a Step-by-Step Guide
No matter what you want to lease, be it a coworking or traditional office space, there are some universal tips for both. We will help you draw up a plan and avoid some pitfalls. A calculator is included!
Understanding Singapore Business Insurance
Business is fraught with dangers, and all dangers, from fires to lawsuits, can lead to a financial disaster. You can’t guarantee bad things won’t happen to you, but you can minimize the damage — with the right insurance policy.
Tips on Opening a Business Bank Account in Hong Kong
In 2020, a mere wish to open a business account is not enough. One needs to convince the bank that they can trust them. Every case is unique, but we gathered some universal insights from practising lawyers, explained the procedure, and outlined the questions you will be asked
One-Stop for E-govt Services in Singapore: Why Register for CorpPass
CorpPass is a one-stop authentification platform that helps your business interact with the authorities. We explain what the use of it is, who must sign up for CorpPass, and how to register
The Wage Credit Scheme (WCS)
Singapore encourages employers to pay more in wages by co-funding the pay raises. Learn how you and your team can benefit from it and how the financial aid works. Calculations included!
How to Get a Government Grant for a Small Business or Startup
Planning to incorporate your business in Singapore? Already running a business? Grants can be of a great help. Learn what grants you can get, and how to improve your chances.
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”.
Is Setting Up a Private Limited Company in Hong Kong for Me?
A private limited company is winning the race among all the business structures in Hong Kong. We look under the bonnet of an Ltd. and why it might suit you.
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.
Opening a Corporate Bank Account in Singapore
With so many options, choosing a bank and a tariff in Singapore seems challenging. We compared the most startup friendly tariffs in the popular banks in Singapore and found out what you need to open a corporate bank account for a local company.
How Do I Choose Between Sole Proprietorship and Private Limited Company in Singapore?
Business structure should help your purpose. Choosing Sole Proprietorship or Pte Ltd will define the taxes you pay, the liability, and your obligations to the government bodies.
What Structure Should I Choose for My Company?
There are 3 types of business organization you can choose from. They vary in terms of liability, the number of owners, and relationships between them.
Roles and Responsibilities of Company Secretary in Singapore
The Company Secretary is responsible for your Singapore business compliance. You must appoint one within 6 months after incorporation.
How to Change Corporate Secretary?
There are several red flags that tell you your current Corporate Secretary is not doing a good job: you have to wait for an answer for days, and follow up with reminders. You do not receive advice on regulation, and when you do it’s often unclear. You're unhappy with the price you pay.
What are Company Secretary Job Responsibilities?
A Corporate Secretary is an officer of the company responsible for internal compliance and all necessary documents required by law. Once you’ve set up a company, you have 6 months to find
How and Why Can I Convert a Sole Proprietorship into a Private Limited Company in Singapore?
It makes sense to convert when you see that your business is doing very well. A Sole Proprietorship is a great way to test ideas. Once you know you’re going to stick
