Forum

topBanner
First Previous - Page 1 of 1 - Next Last

What concepts in payroll did you/do you struggle with the most?

  • 160 posts
  • # 95501

Hi liz,

 

i have just sat the exam, when will I hear about the result? I found it quite difficult,

Kind Regards

Paula Welsh

  • Hello all,

    i just noticed we have a forum, just poking around the members area.  My name is Paula welsh and I have been a member since 2005, starting with Associate member and now a full member


  • Quote
lainy
  • Member PM.Dip
  • Practice Licence
  • 746 posts
  • # 95502

Hi Liz

Congratulations on your self assessment and best of luck with your payroll. i passed my payroll but am now trying to get the motivation for the self assessment material to sink in. its hard trying to study on your own so I think your idea of new ways to learn the tricky bits is really good. i wish you every success and its something you can add to your practice.  I passed my payroll exam before the new RTI came in properly and found the Sage instant books really good. i think just paying around with the software is a good way to learn, which of course you cant do for self assessment. 

 

Very best wishes 

 

Lainy xxx 
kjmcculloch
  • 1159 posts
  • # 95508

Hi Liz,

The few I have are more relevant to self assessment rather than payroll.  We're doing this right now at college night class where I'm doing HND Accounting.  Many of the people in my class who have never done any tax work before are really struggling with BIK's.

This is especially true when calculating the BIK on a company car, or gym membership or healthcare.  The biggest problem is when the list price is used and when the cost to the business is used.  It can become very confusing until you get it clear in your head.

Kris
lainy
  • Member PM.Dip
  • Practice Licence
  • 746 posts
  • # 95511

Thanks Liz

 

Im trying 2 get my head round dirty and clean cars and writing down allowances at the moment. I know it relates to CO2 emissions, but the concept of dirty cars makes me think they are stolen. (we will get there). Kris best of luck with your HND.

 

Very best wishes 

 

Lainy xxx
  • 160 posts
  • # 96884

Hi Liz,

I have passed the exam just before Christmas!

Kind Regards

Paula Welsh

  • Hello all,

    i just noticed we have a forum, just poking around the members area.  My name is Paula welsh and I have been a member since 2005, starting with Associate member and now a full member


  • Quote
  • 10 posts
  • # 96902

I'm just studying and I've found pensions rather challenging, but my excuse is I'm too young to have ever given them a thought before now. Tongue Out
Peasie
  • Member PM.Dip
  • Practice Licence
  • 481 posts
  • # 97121

One concept that always takes a bit of explaining to clients is sole traders do not get wages but anything they take out is drawings. And the obvious tax implications of this. Especially difficult when a client has been used to receiving a weekly wage for years before becoming self-employed.
First Previous - Page 1 of 1 - Next Last
bottomBanner
loading