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Level 3 Faps
Hi there, I’ve had 3 cracks at the faps exam, 62% first time 68% the second time and now I have just got 66% :( really infuriating as I’m getting great scores in my practise exams. I seem to be struggling with how the extended trial balance questions are worded on the actual exam. It’s been “below requirement” on all 3, I…
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Deadline for completing 2022 Level 4
Hi, I need to complete 2 more exams to finish my level 4. unfortunately i took an extended break and 4 old module exams have carried over to 2022. i believe these won't carry over again. Can anyone tell me the last opportunity to take 2022 exams is? Thanks
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Level 4 - Optional modules - Best for going solo
Hello taking Level 4, and then going to set up in practise as a one man band. Just determining which modules would support my future work best. Currently minded to take Business Tax Personal Tax Anyone have any opinions why other modules might be more suitable for your 'high street accountant'? Thanks, Yash
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Prepayments - Prepaid Expenses
Hi Everyone, I hope you are well? I just wanted to share with you all a document I created on Prepayments - Prepaid Expenses. I have tried to explain what Prepaid Expenses are, with an example and how to account for them. All this has been done on 1 page to keep it short and simple to understand. I hope this helps you out…
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Monthly invoicing - How to display on invoices
Hi, I'm looking to set up my monthly invoicing to my clients to show their annual fee as being broken down into specific services (company accounts, PAYE, etc.) but I'm struggling (overthinking) how to display this correctly on my invoices as I want to make it clear that the client is being billed for a monthly portion of…
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Registering for PAYE as an agent - HMRC
I've been trying to get signed up for this service for a few weeks now. I've sent a letter which they accepted our CT and SA request. I've tried using the agent services account, but I've been given a code that doesn't want to work when trying to register through our normal gateway. Has anyone got any advice to point me in…
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Unfair Sanctions
I am very concerned to the level of sanctions imposed by the AAT standards board with no fair appeals process. I trusted that AAT was my mentor but have been disappointed with my treatment to the point that I strongly feel that I should no longer be a member of this accountancy body
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Process of next steps
I have registered with HMRC and got agent code for CT & self assessment. I have created agent service account (ASA) but I can’t see any CT/SA/paye so that I can request for new client authorisation.I don’t have any other Govt Gateway ID. As I am new in the practice, I get confused of the HMRC process. What should I do now?…
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Business Tax - Marginal tax relief - Help!
Can anyone tell me which is the correct way to calculate corporation tax on profits between £50k and £250k? My study text tells me 25% on total profit (say £100k) then deduct marginal relief of (£250k-£100k) x 3/200, this would give £22,750 tax payable My exam kit says calculate marginal tax relief as follows £100k x26.5%,…
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Purchase of Ltd for maintenance business
A client is interested to buy a clean (no debts) Ltd, older then 2 years, to start a maintenance business. If anyone in this group can offer, please let me know at pro.konstruct@gmail.com. Thanks in advance.