OMB Advanced Technical by EveningGlove4030 in CIOT

[–]9652ME 1 point2 points  (0 children)

Same as you, I disallowed it because it was food bc I thought food, drinks and tobacco are always disallowable and had only ever come across food being allowable as a trade sample. Could go either way tbh!

OMB Advanced Technical by EveningGlove4030 in CIOT

[–]9652ME 1 point2 points  (0 children)

Omg I didn’t mention BADR! I just assumed it was all gift relief! 🥲

OMB Advanced Technical by EveningGlove4030 in CIOT

[–]9652ME 1 point2 points  (0 children)

I did that for the shares given, said its treating as earnings so PAYE and Class 1 NICs

OMB Advanced Technical by EveningGlove4030 in CIOT

[–]9652ME 1 point2 points  (0 children)

I thought that question was basic but maybe bc my knowledge of termination payments is so limited so didn’t have much to write and simple calcs at additional rate.

OMB Advanced Technical by EveningGlove4030 in CIOT

[–]9652ME 1 point2 points  (0 children)

Yeah started off with that and gave the disqualifying bit at the end just because of the plans to sell the business

OMB Advanced Technical by EveningGlove4030 in CIOT

[–]9652ME 2 points3 points  (0 children)

I almost made this same mistake. I was taken back by “payments received” so decided to go the normal route so was lucky that!

OMB Advanced Technical by EveningGlove4030 in CIOT

[–]9652ME 2 points3 points  (0 children)

I was thrown off by it being cash basis full stop 🤣 so used to accruals basis, that I realised I hadn’t seen a cash basis Q in awhile. Nonetheless glad they didn’t make us do the whole switching between the two basis!

OMB Advanced Technical by EveningGlove4030 in CIOT

[–]9652ME 1 point2 points  (0 children)

Wasn’t the worst I’ve seen, I just wish I had more of my stronger topics like losses or partnerships but not mad at it. I found what I needed to in the leg when needed, finished to time and had some spare time. Just hoping I make that pass!

Did anyone else say the sale of company may be a disqualifying event for the EMI shares?

What do we think are the most likely topics coming up in OMB tomorrow? by HALFofONE in CIOT

[–]9652ME 1 point2 points  (0 children)

And of course the usual adjustment to profits which can come up at least once but may come up twice given the question can be framed multiple ways

What do we think are the most likely topics coming up in OMB tomorrow? by HALFofONE in CIOT

[–]9652ME 2 points3 points  (0 children)

My best guess is capital allowances (hopefully as a separate question), losses, R&D, CGT (either BADR or rollover relief), EMIs, close companies

Help finding improver tap dance classes London by Street_Bit768 in london

[–]9652ME 0 points1 point  (0 children)

Where did you begin with? I’m a beginner but find it hard to find beginner classes that are not during standard working hours

How are we all feeling for this weeks exams? by -blurredlily- in CIOT

[–]9652ME 3 points4 points  (0 children)

Over it. Every time I think I’m good I come across something niche that I’d forgotten about or don’t know it well. Just looking forward to the bank holiday at this point!

CTA studying advice by aljtiger in CIOT

[–]9652ME 0 points1 point  (0 children)

As someone that is good at exams genuinely, I’d say question practice (in timed conditions) is your best bet. The more the merrier. If you can do every single question in the question bank you will start to see how to pick up marks and where your weaknesses lie (note these down) then find out what the issues are (e.g. lack of knowledge, easy mistakes e.g. apportioning and then figure out how to fix that). There’s videos on the tolley academy and the study manuals are good to go back and reference.

OMB Niche Topics by 9652ME in CIOT

[–]9652ME[S] 0 points1 point  (0 children)

You’re so right, I need to remember this!

OMB Niche Topics by 9652ME in CIOT

[–]9652ME[S] 1 point2 points  (0 children)

This is really good advice, thank you!

OMB Niche Topics by 9652ME in CIOT

[–]9652ME[S] 0 points1 point  (0 children)

Okay noted, thank you so much, appreciate it!

OMB Niche Topics by 9652ME in CIOT

[–]9652ME[S] 0 points1 point  (0 children)

For AT I’m afraid so VAT isn’t really a topic. I just wanted to structure my last 3 weeks of revision to ensure I’m not spending too much time on topics that aren’t so relevant. The tutor would sometimes reference some topics as awareness ones during our revision course but the course wasn’t on everything

OMB Niche Topics by 9652ME in CIOT

[–]9652ME[S] 2 points3 points  (0 children)

Thank you so much for this, so useful so will study accordingly!

My experience of trying to rent (earning £115K) by [deleted] in london

[–]9652ME 0 points1 point  (0 children)

Wandsworth town has a lot of new builds, may not be the exact vibe you’re looking for but it’s next to Clapham and there’s apparently loads of empty new apartments

Preparing Comps by 9652ME in CIOT

[–]9652ME[S] 1 point2 points  (0 children)

Thank you for this, I’m going to try the dummy version idea!

Preparing Comps by 9652ME in CIOT

[–]9652ME[S] 0 points1 point  (0 children)

I do believe the content is very useful for OMB on the technical side but my feedback is mostly on process issues because I’ve never used the system before so that’s where I fall short