Tax Planning: Sole Trader V Company

Tax Planning: Sole Trader V Company

When a client sets up a business, the two simple choices available are either set up a limited company or a sole trader unincorporated business. Let us assume the first period is 1.1.21-30.4.22 and the profits are £160,000. Option 1: Company For companies, everything...
The Success Loop!

The Success Loop!

One of the characteristics of people today is they expect instant results. This has been labelled the ‘Prime’ mindset after Amazon Prime offers next-day delivery and instant gratification. When preparing for our tax exams, many students get discouraged by the lack of...
Seize The Day (Carpe Diem)

Seize The Day (Carpe Diem)

Do any of wish you could turn back time? Well yesterday, you could. Clocks went back in the UK, and we all got 25 hours instead of 24.What did you do with your extra hour? Catch up on your sleep or have a leisurely cooked breakfast?  However, you spent it, I hope you...
Happy Halloween!

Happy Halloween!

It’s Halloween in the Advanced Tax class now! My students are wondering whether the examiner will have a trick or treat in store for them in the December exam.We have finally finished the teaching course and throughout the month of November will be focusing on exam...
Live With Open Hands

Live With Open Hands

Unfortunately, at times even well-prepared students fail their exams. For the September Advanced Tax exam, one of my students was very well prepared. She had learnt her Advanced Tax condensed notes and practiced exam questions. She sent me a message after the exam and...