Start-Up Business Support
 

Starting a business is exciting.

It's also full of questions.

Should you register as self-employed or form a limited company? What records do 

you need to keep? How much tax should you save? Do you need a business bank account? 

What expenses can you claim? For many new business owners, it can feel like there is a

 lot to learn before they've even started trading.

The good news is that you don't need to have all the answers.

At Draig Accountancy, I help new businesses start with confidence by providing practical advice, 

clear guidance and ongoing support from day one.

Based in Penygroes, Carmarthenshire, I work with start-ups, sole traders and new limited companies a

cross Wales and throughout the UK.

You're Not Expected to Know Everything

One of the most common things I hear from new business owners is:

"I feel like I should know all this already."

The reality is that most successful business owners started exactly where you are now.

They had a skill, a trade, a service or an idea they believed in, but weren't experts in tax, bookkeeping or HMRC regulations.

That's completely normal.

My role is to help you understand what matters, avoid common mistakes and build simple systems that allow you to focus on growing your business.

Common Questions New Business Owners Ask

If you're starting a business, you may be wondering:

• Should I be a sole trader or a limited company?
• How do I register with HMRC?
• What expenses can I claim?
• How much tax should I put aside?
• Do I need accounting software?
• Do I need a separate business bank account?
• When should I register for VAT?
• What records do I need to keep?
• Do I need an accountant?

If these questions sound familiar, you're not alone.

These are some of the most common questions I help new business owners answer.

How I Can Help

Sole Trader Registration

Helping you register as self-employed and understand your responsibilities from the outset.

Limited Company Formation

Supporting you through the process of setting up a company and understanding your obligations as a director.

Choosing the Right Business Structure

Helping you decide whether operating as a sole trader or limited company is the right choice for your circumstances.

Accounting Software and Systems

Helping you choose practical systems that fit your business and experience level.

Tax and Compliance Advice

Explaining your responsibilities clearly so there are no surprises later.

Ongoing Business Support

Providing support as your business develops and grows.

Why Work With Draig Accountancy?

As well as being an accountant, I'm also a business owner.

Alongside Draig Accountancy, I co-run Draig Ecology with my husband,, run a 5* B&B and am a partner in an Organic Farm -  giving me first-hand experience of starting, growing and managing a business.

I understand that when you're starting out, you don't just need technical advice. You need someone who can explain things clearly, answer questions and help you feel confident about the decisions you're making.

When you work with Draig Accountancy:

✔ You'll deal directly with me, Fay Hancock MAAT

✔ You'll receive friendly, jargon-free advice

✔ You'll have support tailored to your business

✔ You'll gain practical guidance from someone who runs businesses too

✔ You'll build strong foundations from the beginning

✔ You'll have someone to turn to when questions arise

My aim is to help you start your business with confidence and avoid unnecessary stress along the way.

Sole Trader or Limited Company?

There is no one-size-fits-all answer.

The right structure depends on your income, goals, future plans and personal circumstances.

I can help you understand the advantages, responsibilities and tax implications of each option, allowing you to make an informed decision that works for you.

Start-Up Accountant in Carmarthenshire

Based in Penygroes, I support new businesses throughout Carmarthenshire, including Llanelli, Ammanford, Carmarthen, Cross Hands, Llandeilo and the surrounding areas.

Through cloud accounting software, telephone support and online meetings, I also work with start-ups throughout Wales and across the UK.

Frequently Asked Questions

When should I speak to an accountant?

Ideally before or shortly after starting your business. Early advice can help you avoid mistakes and establish good habits from the beginning.

Can you help me register as self-employed?

Yes. I can guide you through the registration process and explain your responsibilities.

Should I be a sole trader or limited company?

The answer depends on your circumstances. I can explain the pros and cons of each option and help you make an informed decision.

Do I need accounting software?

Not always, but suitable systems can save time and make managing your finances much easier as your business grows.

Ready to Start Your Business with Confidence?

Whether you're exploring a new idea, launching a side business or ready to become self-employed, I'd be delighted to help.

Get in touch for a free, no-obligation conversation about your plans and how I can support your business journey.

📍 Penygroes, Carmarthenshire

🌍 Supporting clients across Wales and throughout the UK