by Neil Da Costa | May 13, 2022 | Uncategorized
With skyrocketing oil and natural gas prices, the profits of oil companies have beaten all analyst expectations. BP’s profits for the quarter to March 2022 were $6.2 billion instead of the predicted $4.5 billion. The reason for this was due to the increased demand as...
by Neil Da Costa | May 13, 2022 | Uncategorized
Why do students fail their professional accountancy exams? It is not easy talking about failure as it is human nature to run away from unpleasant experiences. We try and forget them instead of analysing them in an objective way. Personally, I can confirm that I have...
by Neil Da Costa | May 13, 2022 | Uncategorized
Many of us struggle with failure and it makes us feel worthless. We feel like giving up and crawling into a hole to hide. For ACCA students sitting their professional exams alongside their demanding exams alongside their work and personal commitments, this is daunting...
by Neil Da Costa | May 10, 2022 | Uncategorized
One area I expect to feature in the Advanced Tax exam is Personal Service Companies (IR-35)If the final client is a small organisation, the responsibility falls on the PSC to account for PAYE on the deemed salary.However, it is possible to claim the 5% statutory...
by Neil Da Costa | May 9, 2022 | Uncategorized
The rules regarding establishing residence of an individual are one area I expect could feature in the Tax and Advanced Tax exams. It is initially important to work out if the individual is a leaver or arriver to the UK. We then use the automatic non residency tests....
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