Advice on studying Business Tax

Paisley
Paisley Registered Posts: 93 Regular contributor ⭐
in AAT Level 4 (Level 8 in Scotland)
Hi

Does anyone have any advice they would like to share on teaching yourself this unit?

I have the Osborne textbook and workbook and am hoping to sit the CBA in just under 4 weeks.

Thanks

Comments

  • Bluewednesday
    Bluewednesday Registered Posts: 1,624 Beyond epic contributor 🧙‍♂️
    Learn the proformas for the calculations and practice plenty of exam questions
  • Paisley
    Paisley Registered Posts: 93 Regular contributor ⭐
    Thank you Bluewednesday
  • iskcel
    iskcel Registered Posts: 34 Regular contributor ⭐
    I will be doing it in the same time scale as yourself and my plan is to just read, practice, read, practice etc etc It has worked for me on the last few so hopefully it goes well for this one as well! Have you taken any of the other level 4 CBA's yet in this time scale?

    Good luck with the study and hope it all goes well for you
  • pirate
    pirate Registered Posts: 469 Dedicated contributor 🦉
    The BPP passcards really helped me I could use them when on a train just to get some facts in to my head
    Good luck
  • Paisley
    Paisley Registered Posts: 93 Regular contributor ⭐
    iskcel wrote: »
    I will be doing it in the same time scale as yourself and my plan is to just read, practice, read, practice etc etc It has worked for me on the last few so hopefully it goes well for this one as well! Have you taken any of the other level 4 CBA's yet in this time scale?

    Good luck with the study and hope it all goes well for you

    Thank you iskcel. Looks like we've got a busy few weeks ahead! Ideally I would like longer to learn this unit, but I'm working with what is available at the moment. I managed to do Personal Tax in a short space of time.

    Best wishes with your studies, hope it all goes well for you too.
  • Paisley
    Paisley Registered Posts: 93 Regular contributor ⭐
    pirate wrote: »
    The BPP passcards really helped me I could use them when on a train just to get some facts in to my head
    Good luck

    Thank you pirate

    I have just ordered some!
  • GreenMousey
    GreenMousey Registered Posts: 154 Dedicated contributor 🦉
    Could you please let me know where you can get the BPP revision type cards from? Kaplan didn't include any with the new standards, just revision questions.

    Thank you :)
  • Paisley
    Paisley Registered Posts: 93 Regular contributor ⭐
    Hi GreenMousey

    I googled first, it looked like there were lots of options to buy them and then ordered from theaccountancybookshop.net.
  • GreenMousey
    GreenMousey Registered Posts: 154 Dedicated contributor 🦉
    oh! I forgot about google, long morning! Thank you very much =)
  • oli
    oli Registered Posts: 88 Regular contributor ⭐
    I'm sitting the business tax exam in a few weeks myself, got the osborne text/workbooks aswell Paisley, it seems so much more complex compared to personal tax
  • Paisley
    Paisley Registered Posts: 93 Regular contributor ⭐
    oli wrote: »
    I'm sitting the business tax exam in a few weeks myself, got the osborne text/workbooks aswell Paisley, it seems so much more complex compared to personal tax

    I've not long started this one. Time will tell.

    Good luck with your studies :)
  • oh confused one
    oh confused one Registered Posts: 128 Dedicated contributor 🦉
    Business Tax to me was far harder than Personal Tax - although the process was a more logical one.

    I passed it last year (PBA) and found it relatively ok, really revise Basis Periods and how to complete a CT600 tho and like everyone else says practise pratise and practise some more

    All the best - I only have PEV tomorrow to complete my level 4 and really need to pass or I will have to re-do the whole year on CBA .
  • Paisley
    Paisley Registered Posts: 93 Regular contributor ⭐
    I passed it last year (PBA) and found it relatively ok, really revise Basis Periods and how to complete a CT600 tho and like everyone else says practise pratise and practise some more.

    All the best - I only have PEV tomorrow to complete my level 4 and really need to pass or I will have to re-do the whole year on CBA .

    Thank you and good luck with your exam tomorrow :)
  • Monsoon
    Monsoon Registered Posts: 4,071 Beyond epic contributor 🧙‍♂️
    4 weeks? Well if you can do Personal Tax in 2 weeks, you will be fine :-D

    Get cracking on basis periods straight away as they are probably the thing that takes the longest to get your head round.

    Do lots of practice questions and try and do some relevant stuff at work too if possible! ;)
  • Jonno1
    Jonno1 Registered Posts: 63 Regular contributor ⭐
    I'm doing the same, teaching myself unit 18. However I am using an old (2007) Kaplan textbook. Reading the examiner's comments on a past paper in 2009, it looks as though some parts of the syllabus have changed, especially relating to the Standards in the 2008 Finance Act. The comments say that the changes were detailed in an article in the Accounting Technician managazine, which I presume I would be able to download from the AAT website. Are there any other changes since 2007/2008 which I need to know about?

    Jonno1
  • Bluewednesday
    Bluewednesday Registered Posts: 1,624 Beyond epic contributor 🧙‍♂️
    Jonno1 I would say it's a must to use the correct financial act textbook for tax, the rules can change from year to year and you are taking a massive risk in not using the correct book
  • penelope2809
    penelope2809 Registered Posts: 8 New contributor 🐸
    Hi, I found this unit the most difficult of all. To complete in 4 weeks, would be an excellent achievement, if you think you can do it go for it. The CBA seemed to have loads of questions and virtually everything in the syllabus and also had some personal tax stuff thrown in.
  • Jonno1
    Jonno1 Registered Posts: 63 Regular contributor ⭐
    Base periods

    Monsoon,

    You mentioned in an earlier post on this thread about base periods being difficult to get your head round. Do you (or anyone) have any tips/anacromyms etc about how to remember the rules? I'm studying Business Tax at the moment, and I'm struggling a bit on the base periods.
    Many thanks,
    Jonno1
  • Daz1865
    Daz1865 Registered Posts: 67 Regular contributor ⭐
    Eek, I am planning on doing this as one of my optional modules.

    I've just looked through the book for the first time and it certainly looks a lot tougher than Personal Tax.

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