Running your own business gives you freedom and flexibility, but it also brings responsibility.

Keeping records, understanding expenses, dealing with HMRC, planning for tax and meeting deadlines can quickly become a distraction when you are already focused on earning a living and growing your business.

Draig Accountancy provides practical, straightforward accountancy and tax support for sole traders across Ammanford, Carmarthenshire and the wider UK.

Based in Penygroes, near Ammanford and Cross Hands, I work with sole traders locally throughout Carmarthenshire and remotely across Wales and the UK.

Whether you are newly self-employed or have been running your business for years, my aim is to make the financial side of your business simpler, clearer and easier to manage.

You focus on your business. I’ll help with the numbers.

Most sole traders start a business because they are good at what they do.

They do not start because they want to spend evenings worrying about tax returns, bookkeeping or HMRC deadlines.

That is where I come in.

I’ll help you understand what needs to be done, keep your records organised and make sure you have a clear picture of your tax position.

You will always deal directly with me, Fay Hancock MAAT, so you have one point of contact who understands your business and your circumstances.

Whether you are a tradesperson, consultant, freelancer, contractor, retailer, creative professional or service provider, your support will be tailored to the way your business actually operates.

Just starting out?

Starting a business can come with a lot of questions:

• Do I need to register as self-employed?
• When should I register with HMRC?
• What records do I need to keep?
• What expenses can I claim?
• How much should I set aside for tax?
• Do I need bookkeeping software?
• When will I need to submit a tax return?
• Should I register for VAT?
• What digital records do I need to keep?

You do not need to know all the answers before you get started.

I can help you put the right foundations in place from the beginning, so you know what is expected and have a simple system that works for you.

How I can support your business

Sole trader accounts

Preparation of your business figures and accounts so you have a clear understanding of your income, expenses and profit.

Self Assessment tax returns

Preparation and submission of your tax return, together with a clear explanation of your tax position and payment deadlines.

Bookkeeping

Support with keeping accurate, organised records throughout the year, rather than trying to piece everything together at the last minute.

Business expenses and tax

Guidance on allowable expenses and the correct treatment of business costs, helping you claim what you are entitled to while keeping your records accurate.

HMRC registration and compliance

Support with registering as self-employed and understanding your ongoing responsibilities.

Making Tax Digital

Practical support with digital record keeping and choosing an accounting system that suits your business.

VAT

Advice on VAT registration and ongoing VAT compliance where relevant to your business.

Accounting software

Support with Xero, Sage, QuickBooks and other suitable systems, including choosing and setting up software that fits the way you work.

Ongoing business support

A reliable point of contact throughout the year when questions arise, rather than only hearing from your accountant when your tax return is due.

More than an annual tax return

Good accountancy support should do more than submit figures once a year.

It should help you understand how your business is performing, what you need to put aside for tax and what financial decisions you may need to think about next.

That does not mean making things complicated.

For many sole traders, the best system is the simplest one that keeps good records, gives useful information and keeps everything compliant.

My role is to help you find that balance.

Why work with Draig Accountancy?

When you work with Draig Accountancy:

✓ You’ll deal directly with me, Fay Hancock MAAT
✓ You’ll receive clear, jargon-free advice
✓ Your service will be tailored to your business
✓ You’ll have support throughout the year
✓ I’ll help you understand your numbers, not just prepare them
✓ You’ll know what needs to be done and when
✓ I’ll help you plan ahead for tax rather than simply react to deadlines
✓ You’ll have peace of mind that your accounts and tax affairs are being looked after properly

As someone who has worked as a sole trader, within partnerships and as a company director, I understand the practical realities of running a business as well as the accountancy behind it.

Sole Trader Accountant in Ammanford & Carmarthenshire

Draig Accountancy is based in Penygroes, near Ammanford and Cross Hands, and works with sole traders throughout Carmarthenshire.

I support clients across Ammanford, Cross Hands, Llandybie, Llanelli, Carmarthen, Llandeilo, Swansea and surrounding areas.

I also work remotely with sole traders throughout Wales and across the UK using secure document sharing, cloud accounting software, telephone calls and online meetings.

So whether you are looking for a local accountant in Carmarthenshire or prefer the convenience of working remotely, you can access the same personal service.

Frequently Asked Questions

How do I register as self-employed?

If you are starting to trade as a sole trader, I can explain the registration process and help you understand what information you need to provide.

What expenses can I claim as a sole trader?

This depends on the nature of your business and your circumstances. I can help identify relevant business expenses and make sure they are recorded and treated correctly.

How much should I set aside for tax?

There is no single percentage that works for every business. I can help you estimate your likely tax position so you can plan ahead rather than face an unexpected bill.

Do I need accounting software?

Not always. The best option depends on your business, the volume of transactions, your preferences and any digital reporting requirements that apply to you.

I can help you choose a system that is proportionate to your business rather than paying for features you do not need.

Can you help me move from spreadsheets to accounting software?

Yes. If your business has outgrown spreadsheets, I can help you move to a suitable cloud accounting system and make the transition as straightforward as possible.

Do I need a separate business bank account?

Using a separate account for business transactions can make bookkeeping and record keeping much clearer, even where it is not legally required.

When should I contact an accountant?

You do not need to wait until your tax return is due. In many cases, getting advice earlier makes it easier to organise your records, understand your obligations and plan for tax.

Can I change accountants?

Yes. If you already have an accountant but feel you would benefit from a different approach, I can explain the process and help make the transition as smooth as possible.

Can you support me if I live outside Carmarthenshire?

Yes. I work remotely with sole traders throughout Wales and across the UK.

Spend more time running your business

Whether you are newly self-employed, growing an established business or looking for a more personal approach from your accountant, I’d be happy to have a conversation.

I offer a free initial consultation with no obligation.

📍 Based near Ammanford, Carmarthenshire
🌍 Supporting clients throughout Wales and across the UK
📧 fay@draigaccountancy.com
📱 07914 848874