Saud Yousaf - SMY Associates | Expert Tax & Accounting Services in East London & Ilford

Saud Yousaf

Have been working as an independent accountant and consultant for SME’s in London for over 15 years. Post Qualification experience (FCCA) in the field of accountancy for over 15 years. At the moment MD at SMY ASSOCIATES LTD.

Featured image About Create HMRC Government Gateway Account

Setting Up Your HMRC Government Gateway Account: A Step-by-Step Guide

Navigating the UK’s tax system starts with one essential step: setting up a Government Gateway account. This digital portal is your key to accessing a range of HM Revenue and Customs (HMRC) services, including self-assessment tax returns, VAT submissions, and PAYE for employers. Whether you’re a sole trader, a small business owner, or simply need …

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Featured Image About How to Claim Expenses in Your Self-Assessment

How to Claim Expenses in Your Self-Assessment: Essential Tips for UK Taxpayers

For small business owners and self-employed individuals, accurately claiming expenses in a self-assessment tax return is crucial. It not only ensures you’re not overpaying on your taxes but also helps maintain compliance with HMRC regulations. This guide will walk you through the process of identifying and claiming legitimate business expenses in your self-assessment. Identifying Allowable …

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Featured Image About Sole Trader or Limited Company

Sole Trader or Limited Company: Which is Best for You?

Choosing the right business structure is a fundamental decision for entrepreneurs. In the UK, the most common choices are operating as a sole trader or establishing a limited company. Each has its own legal, financial, and operational implications. This article delves into these two structures, helping you understand which might be the best fit for …

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How Much Does an Accountant Cost: A Detailed Guide for Small Businesses

For many businesses, especially small enterprises and those operating in competitive markets like London and East London, understanding the cost of hiring an accountant is crucial for budgeting and financial planning. The cost of an accountant can vary based on several factors, including the complexity of your business needs, the location of your business, and …

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Featured Image About Payroll Software for Small Business

Payroll Software for Small Business: Key Features and Selection Guide

For small businesses, managing payroll effectively is crucial for both financial management and employee satisfaction. Payroll software can simplify this task, ensuring accuracy, compliance with tax laws, and saving time and resources. However, with numerous options available, choosing the right payroll software can be challenging. This article will explore key features to consider and how …

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What to Do If Your Previous Accountant Is Not Providing Information

What to Do If Your Previous Accountant Is Not Providing Information

Transitioning to a new accountant can be a smooth process, but sometimes it’s complicated by the previous accountant’s reluctance or delay in providing essential information. This can be frustrating and potentially harmful to your business operations. Understanding the right approach to tackle this issue is crucial for maintaining continuity in your financial management. This article …

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Understanding Salary Sacrifice Schemes in the UK

In the UK, salary sacrifice schemes have become a popular way for employers and employees to enjoy mutual financial benefits. These schemes involve an employee agreeing to exchange part of their salary for non-cash benefits, leading to potential savings on tax and National Insurance contributions. This article delves into what salary sacrifice schemes are, how …

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Featured Image About Change From Sole Trader To Limited Company

How To Change From Sole Trader To Limited Company

Moving from a sole trader to a limited company is a significant step for business owners, often signaling growth and the need for a more formal business structure. Understanding this shift and its implications is crucial for ensuring a smooth changeover and ongoing business success. This article provides an in-depth guide on navigating this change, …

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Featured Image About Missed Tax Return Deadlines

What Happens If You Miss the Tax Return Deadline?

Meeting tax return deadlines is a critical obligation for businesses. However, amidst the complexities of running a business, deadlines can sometimes be overlooked. Missing a tax return deadline can lead to a series of repercussions, ranging from financial penalties to legal complications. This article explores what happens when these deadlines are missed and provides practical …

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About SMY Associates

SMY Associates delivers expert accounting services with a personal touch to businesses in East London and across the capital. Entrust your financial success to us.

Contact Us

Unit 8, First Floor, 210 Ilford Lane, Ilford, England, IG1 2LW

079 0454 7850

020 3371 1110

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