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About Diana Hurta

Founder / CEO at DH Accounts & Legal Ltd.

10 Things to Do Before Starting a Business

10 Things to Do Before Starting a Business

Before starting your business there are many things to consider. However I would recommend you to look into these 10 things. This guide will take you through each of the key sections of the start-up process: evaluating your business idea, choosing a business model, planning strategy and finance, creating a team, branding and finally getting ready to launch. 1. Do market research Market research is very important component of business strategy. When identifying and analysing the market needs, market size and competition, you will find a niche which leads to the profitable business. 2. Plan your finance A wise person first sits down and calculates the expense to see if […]

Automatic Enrolment: Enrol your staff into a workplace pension

Automatic Enrolment: Enrol your staff into a workplace pension

As a result of Automatic Enrolment, millions of people now have a workplace pension. Find out how this affects your business. Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. Employers will have to provide a workplace pension for eligible staff by 2018. This is called ‘automatic enrolment’. If you employ at least one person you are an employer and you have certain legal duties. It’s important that you understand what to do and by when, so you can meet your automatic enrolment duties. Staging date Find out when you’ll need to start enrolling people. This is […]

How to Start and Register a Business in the UK

How to Start and Register a Business in the UK

What you need to do to start a business in the UK, depends on your structure of business. Most businesses register as a sole trader, private limited company or partnership. Sole traders If you’re a sole trader, you run your own business as an individual and you’re self-employed. You can keep all your business profit after you’ve paid tax on it. You’re personally responsible for any losses your business makes. You must also follow certain rules on running and naming your business. Your responsibilities It’s simpler to start as a sole trader. You’ll need to: keep records of your business sales and expenses, send a Self Assessment tax return every […]

10 Key Advantages of Having a Private Limited Company (LTD)

10 Key Advantages of Having a Private Limited Company (LTD)

I will speak about two most popular types of business structures in the UK: sole trader (ST) and private limited company (LTD). Starting up as a sole trader is without doubt the simplest way to start a business in the UK. All you need to do is inform HMRC that you are working as self-employed, and report your business activities through the annual self assessment tax return. Setting up business as a LTD involves a more complex formation process, and the financial and administrative responsibilities of running a LTD are greater than those of a ST. However, there are many benefits which LTD has over the ST. Here are 10 […]

Book: Self-Employment UK Tax Guide 2017

Book: Self-Employment UK Tax Guide 2017

This free (and highly detailed) book, written by Diana Hurta, is for people who run a business or planning to start own business in the United Kingdom as a self-employed. You will find answers to these questions:   What does it mean to be self-employed. What are your responsibilities. When do you need to file your tax return. What and how much tax do you need to pay. What records do you need to keep. What expenses you can claim. How to keep tidy records.   Also you will get GIFTS!   Download  our FREE ebook in PDF format by subscribing to our email list using the quick form below. […]

Tax Year 2017/18 and 10 Changes You Need To Know

Tax Year 2017/18 and 10 Changes You Need To Know

The start of the new tax year in UK brings a raft of tax changes that you simply can’t afford to ignore as they all come into force in the coming months. We have provided some of 10 key changes and the proposed implementation dates. 1. The Personal Allowance will rise from April 2017 The Personal Allowance is the amount of income you can earn before you start paying income tax. It’s currently £11,000 this year, and will rise to £11,500 in 2017-18. The point at which you pay the higher rate of income tax will increase from £43,000 this year, to £45,000 in 2017-18. 2. The National Living Wage […]

Overdue Invoices: 6 Steps How To Deal With Late Payments

Overdue Invoices: 6 Steps How To Deal With Late Payments

Signed work was done. You issued invoice and waited patiently for it to be paid as you have a right to it. But the payment deadline has passed and there’s no sign of your money. What next? 6 steps you can take dealing with late payments   1. Email reminder The customer must pay you within 30 days of getting your invoice or the goods or service. If the payment deadline has passed, send a follow up email within a few days with a copy of invoice attached. If you don’t get a response, send another.   2. First formal letter Write a first formal letter and enclose invoice or […]

Why To Build Success Together

Why To Build Success Together

As a business owner you want to build and grow a successful business however this can be challenging. You have a list of tasks to do such as managing finance, preparing accounts, complying with regulations and law, keeping up with technology, making stronger brand, ensuring customer satisfaction, employing the right people and etc. Also you might be worried about the impact of Brexit on your business. We understand that and we would like to be your business lighthouse! Working closely together we can help you to focus on what you really love to do and that is your job. Our people Business Advisors Planning is a core of success and […]

National Insurance: What am I paying for?

National Insurance: What am I paying for?

National Insurance (NI) in the United Kingdom is a system of contributions paid by workers and employers to qualify for certain benefits. The national insurance scheme is administered by HM Revenue and Customs (HMRC). National insurance numbers A national insurance number (NINO) is a number unique to you which is used to keep track of your national insurance contributions and the benefits which you are paid. The number is made up of two letters, six numbers and one letter, for example, AB 123456 C. You must not let anyone else use your number.   National Insurance Contributions classes and rates     What National Insurance is for     Class […]

Never Mess With Bookkeeping – Download FREE Spreadsheet

Never Mess With Bookkeeping – Download FREE Spreadsheet

For lots of business owners bookkeeping is a nightmare. However bookkeeping is very important part of your business and tidy records helps you understand better your financial situation and prevent loss. We believe everyone wants to be successful in a business. To make your life easier we have created a bookkeeping spreadsheet (non VAT registered) for you. It will give you income and expenditure totals for each month and for each category, as well as overall totals for the year. This spreadsheet is very simple and will help you keeping business financial records.         Follow us on Facebook to find more tips in business, accounting, tax and […]