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.
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?
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?
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.
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.
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.
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.
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.
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.