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About Diana Hurta

Founder / CEO at DH Accounts & Legal Ltd.

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 To Have Private Limited Company (LTD)

10 Key Advantages To Have 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 NI Class Who pays How to pay NI rate (2016-17 tax […]

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 […]

The Finalist in The British Accountancy Awards 2016

The Finalist in The British Accountancy Awards 2016

We are delighted to announce that DH Accounts & Legal Ltd is nominated as a finalist in The British Accountancy Awards 2016 under category Independent Firm of the Year Greater London, England. The Awards are regarded as the industry’s most prestigious accolades. They pinpoint professional development and highlight those that have demonstrated excellence in their profession during the last 12 months. The glittering event to celebrate the very best in accountancy will take place on 29th November in the premier event and fine dining venue The Brewery in the City of London. This is our second year in the row to attend The British Accountancy Awards.

Business finance: Funds without a bank loan

Business finance: Funds without a bank loan

Are you looking for alternative sources of finance for starting or growing your own business? Funds helps to: start your own business increase your sales to existing customers attract new customers maintain your profitability improve your cash-flow develop your products and services hire and train staff   We have partnered with finance providers who are authorised and regulated by the Financial Conduct Authority (FCA) to offer finance solutions tailored to your needs:   Start up loans – a government-backed scheme helping individuals start or grow a business in the UK. Business loans.  LDF is one of the UK’s leading independent provider of finance for SMEs. LDF offer unsecured loans that […]