[wikigreen]

Originally Posted by wweleven

Hi,

Does anybody know of someone who gives Business Tax Grinds in/near Galway. I have just started Part 3 and I need help - possibly on a weekly basis until May.

Thanks

Firstly the ITI has a list of individuals who give grinds, some of whom would have a background in BT. Pretty reputable list so best to contact the ITI for this list.

Secondly, a few words of advice from a previous part 3 student who failed first time around and passed the repeat.

Getting grinds now is giving up before you've even started. Its tempting to be intimidated by the course and think ok ill pay someone to make me learn tax for an hour. A few grinds I could understand- But weekly grinds until May is a bit ridiculous not to mention costly. In saying that, there are certain areas of the course that students may benefit from a grind on and so it may be better to first review the core exam areas like groups, international tax, Re-orgs. For each area, have a quick read through the manual and have a detailed look/attempt at the exam questions on that topic. Then get a grind if you feel you still need a bit of help. I know I could have benefited from a grind on amalgamations but I would have gotten way more out of that grind if I'd attempted the exam Qs first.

So if i were you, Id get familiar with the key exam areas, reference my legislation really well but then focus mainly on exam papers. Slot in the grinds thereafter where needed. I dont work in Business tax nor am I accountant so I didnt have much working in my favour when sitting this paper. But I do know how hard Business Tax is and what worked for me in the repeat. As it happens I didnt get grinds, just focused on exam papers and a well referenced legislation- Felt I'd benefit more from this.

All the best.

[wweleven]

Thanks a million - great reply and alot of very valid points!

I just find Business Tax really hard and I don't even have a very good basic knowledge of it (exempt of Part 1 and its a couple of years since i did Part 2) When I study it I come across more and more stuff that i don't know!

Anyways - I will follow your advice for sure. I just thought it would be best not to put my head in the sand and to get organised now with a few grinds for guidance.

There isn't anyone in Galway listed on the AITI website for grinds.

Appreciate the advice alot - thanks.

[whatyathink]

Originally Posted by SquishyLady

Hi
Just wondering if anyone else out there is repeating Part3 in Dublin & if so are they annoyed with the lecturers who are giving the course?

Hi there!
I am repeating ABT and PATAE in Dublin but haven't been to any of the lectures yet! Are they really bad? I wasn't in Dublin last year so I was hoping that they would be good!

[santino]

Any thoughts after the Prof. workshops yesterday?

[Coffee Addict]

Hey
We haven't had PATAE, that joy will arrive on Saturday! By the looks of the timetable the lecture will be shared. Both lectured last year but one is miles ahead of the other
ABT is the guy from last year. I dont know what happened to the Group 1 girl, but, all I will say is that I wish she was doing it this year!....nuf said!?

[wweleven]

ANY THOUGHTS ON THE PART 3 HOME ASSIGNMENT??!!

[soft landing]

Originally Posted by wweleven

ANY THOUGHTS ON THE PART 3 HOME ASSIGNMENT??!!

It looks difficult. Haven't done a lot with it yet but there seems to be a lot of roads to go down with the answers. It looks like Group relief and the use of the losses held in the shoe company will form a big part of the file note. Have a feeling this is gonna ruin my xmas holidays

[wweleven]

I only had a quick read of it so far but i agree that I am cancelling Christmas this year!! Hope to have a proper look at it this weekend. Agree about the group relief/losses too. Hopefully we are on the right track!!

[eomahoney2000]

Hi has anyone looked at the PART 2 Home Assignment???

[santino]

Originally Posted by eomahoney2000

Hi has anyone looked at the PART 2 Home Assignment???

hey eomahony

ya had a look during the week. I've started the file note.
I think there's an issue with the shares given to employes in plel ltd,the car given to tim is a restrictive covenant I think and there's a few thing involved in the new technical officers remuneration especially the relocation expenses and inducement payments

if I'm wrong in any of that will someone let me know thanks

[Naughty but nice]

Originally Posted by wweleven

ANY THOUGHTS ON THE PART 3 HOME ASSIGNMENT??!!

Yeah have looked and done some research. Any ideas what they want re the sale of the IP? My first thought was set off against the cap loss re building but then I heard suggestions of leasing the IP instead of selling! Any thoughts?

[eomahoney2000]

Originally Posted by santino

hey eomahony

ya had a look during the week. I've started the file note.
I think there's an issue with the shares given to employes in plel ltd,the car given to tim is a restrictive covenant I think and there's a few thing involved in the new technical officers remuneration especially the relocation expenses and inducement payments

if I'm wrong in any of that will someone let me know thanks

Hey Santino,

I agree with your thoughts on the above. Have you found much with regards to shares being given to employees.. and also with regards to relocation expenses it says in the case study that in addition to the 3,000 given to Jean for relocation expenses that they are also going to pay for her rent in dublin for 4 months. Under the relocation expenses it provides for 3 months rent. will you be saying that for the final month she will have to pay tax on the rent paid.

[LosPrimos]

Originally Posted by eomahoney2000

Hey Santino,

I agree with your thoughts on the above. Have you found much with regards to shares being given to employees.. and also with regards to relocation expenses it says in the case study that in addition to the 3,000 given to Jean for relocation expenses that they are also going to pay for her rent in dublin for 4 months. Under the relocation expenses it provides for 3 months rent. will you be saying that for the final month she will have to pay tax on the rent paid.

Guys. How are you dealing with the pay restructuring arrangement with the wage cuts. Am I missing something? Could you use section 202? Or is just full tax on the one off payments.

[eomahoney2000]

Hello i was looking at sec 202.. i would think that we could use this section...I am just a bit confused about the legislation.. must the agreement be between the company and a trade union??

the payment of €1,250 and €2,500 cover the allowed amount so i think that hte payment could be tax free..

[Ruby2.0]

Hi guys,

I was wondering if anyone had found any useful articles or other sources for the part 3 assignment?

Thanks in advance