Who We Help

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 If you are a person who runs his own business as an individual, you must register with HMRC as a sole trader. You must follow certain rules on running and keeping your records of your business. Becoming a sole trader does not means that you must work alone and that you can’t take on staff. You are free to employ staff if you wish. You can also keep all of your business revenue after you have paid tax. We at Sterling & Co will assist you to register with HMRC and receive you Unique Taxpayer Reference (UTR). Your key responsibilities as as Sole trader are to: pay any business debts, pay all business bills, keep right record of your income and expenses, and pay income tax and National Insurance Contribution. 

 If you are two or more people who want to work together and share responsibilities, costs and profit of a business, you must register with HMRC as a Partnership. You must follow certain rules on running and keeping records of your business. Partners must draw a partnership agreement before trading starts. The profit will be splits between the partners according to the partnership agreement. We at Sterling & Co will assist you to register for self-assessment and receive your Unique Taxpayer Reference (UTR) as a partner. 

 Sterling & Co Accountants have extensive experience in dealing with Limited Companies in different industries. If you have decided to set a limited company you will have to register a name with Companies House and the HMRC. Your company’s name has to be unique and not been used before. It also must have at least one director and one shareholder. There are certain rules and policies which need to be taken into account when registering a new Limited company. We at  Sterling & Co  will assist you to set up your new Limited company and register you with the relevant departments.