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Latest posts from the AAT Comment blog

SARs in Action Issue 28
Read the UKFIU's latest SARs in Action magazine. The post SARs in Action Issue 28 appeared first on AAT Comment.
AML update: Updated list of high-risk third countries
The latest Financial Action Task Force (FATF) Plenary concluded on 25 October 2024 with the following revisions being made to the list of high-risk third countries (HRTC). The post AML update: Updated list of high-risk third countries appeared first on AAT Comment.
UKFIU’s SARs Reporter Booklet November 2024
Your regular CDD, risk assessments and SARs are helping detect suspicious activity as early as possible, and preventing crime. The post UKFIU’s SARs Reporter Booklet November 2024 appeared first on AAT Comment.
How employers can meet their financial training needs
The second in a series of videos from AAT's Employer team on the trends they're seeing in the market. The post How employers can meet their financial training needs appeared first on AAT Comment.
How to take ownership of your career
In an AAT Connect panel hosted by Becky Glover, AAT members discussed how they created the careers they wanted. The post How to take ownership of your career appeared first on AAT Comment.

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General Qualifications 2022 discussion
Here you may discuss Qualifications 2022 as a whole, rather than any specific Level or unit.
AAT Level 2 Certificate in Accounting
Discussion for all Level 2 Accounting and Bookkeeping courses.
AAT Level 3 Diploma in Accounting
Discussion for all Level 3 Accounting and Bookkeeping courses.
AAT Level 4 Diploma in Professional Accounting
Discussion for all Level 4 Accounting and Bookkeeping courses.

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Recent Discussions

Tax processing paper
Hi failed my first attempt with 68%. Most of the questions which came did not came across while studying. Anyone found that paper challenging? Thanks
Junior Accounts Assistant/Office Admin in Hampstead, London
OFFICE ADMISTRATION AND ACCOUNTS ASSISSTANT at a Private Limited Company Contract: Permanent Reports To: Finance Director Hours: 8.30am to 5.30pm (Full Time, office based) Probation Period: 6 months Based in: London, Hampstead (Northern Line/ free parking available on site) Applicant should live within 1 hour travel time…
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…
Survey on the Impact of Artificial Intelligence in Accounting and Auditing Processes
I am currently undertaking a dissertation project focused on exploring the profound influence of artificial intelligence (AI) on accounting and auditing processes. The primary objective of this survey is to gather insights and perspectives from practitioners like you regarding the impact of AI in accounting and auditing.…
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…
L4 synoptic exam submission
Hi, I just took my level 4 synoptic exam and I am worried that it didn’t submit properly. I submitted it in plenty of time however when the screen loaded after clicking submit, it took me to the login page where there was an error saying something along the lines of - session timed out please login again. I had had some…
FAPS Q22 EXAM
Hey all, Has anyone completed the Q22 FAPS exam, if so how did you find it?
Do you prefer Quickbooks, Microsoft or another small business accounting software?
Do you prefer Quickbooks, Microsoft or another small business accounting software? Why or why not? I am starting a small business. I need software to invoice and track payments, track income and expense and basically keep everything organized for tax time. I've read positive and negative on all small business accounting…
BOOKS WANTED Q2022 Level 3 AAT First intuition
Hey there I'm hoping someone has books I can buy please 😀 I do have: Financial Accounting: Preparing Financial Statements But I need the other 3 and would be great if you have the question bank too. Thanks 😊
Purchase of Gold Bullion
I prepare accounts for a Limited company and the director has purchased gold bullion coins through the limited company. I was thinking that it should be an asset or investment, but would appreciate your thoughts on this please.

Announced Discussions

AAT | Continuity of practice cover
Hi all, We want to make you all aware that we have a directory that is available on our website for which is a great resource if you are looking for Continuity of Practice. It has a bank of AAT licensed bookkeepers and accountants, and you could use that to reach out and see if someone local is available to cover you. All…

Trending Discussions

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…
Junior Accounts Assistant/Office Admin in Hampstead, London
OFFICE ADMISTRATION AND ACCOUNTS ASSISSTANT at a Private Limited Company Contract: Permanent Reports To: Finance Director Hours: 8.30am to 5.30pm (Full Time, office based) Probation Period: 6 months Based in: London, Hampstead (Northern Line/ free parking available on site) Applicant should live within 1 hour travel time…
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
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
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…
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…
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…
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
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?…
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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