Business Planning:Tax

Business Planning: Tax (BPT)

BPT is by far the most dreaded of the Professional Level exams. Unlike TC, the questions are not neatly divided up between distinct taxes and BPT requires students to take a 'multi-tax' approach to questions. In addition, BPT is an advisory paper rather than a computational paper meaning that students are required to produce predominantly narrative answers which advise clients across a range of options, rather than just calculating tax liabilities. Therefore, exam technique is of fundamental importance in BPT. Fortunately for you, we have devised the optimal exam technique for you to use in your BPT exam, which is the same technique that resulted in your tutor winning an ICAEW prize and several of our resit students scoring over 90% in their resit exam!

A small sample of our student feedback is included below:

Having failed BPT with 54%, Kieran helped me increase my mark to 96%! He explained everything so clearly and the exam technique sessions were particularly valuable. He went through past paper questions, advising how to approach them, where to pick up easy marks and how to lay out the answers. He also provided additional learning materials including open book notes which were very useful during the exam. The online webinars were great as extra tutoring outside the classroom. I would definitely recommend ACA Masters!

Ella (BPT resit student who passed first time with us with a score of 96%)

Would definitely recommend Kieran, following his tutorial my retake BPT mark increased to 95%. He effectively used the time during tutorials to go through the key concepts to clear up the trickier areas and focused the rest of the time on exam technique. This particularly helped me in transforming my mark as I felt I understood and knew the material well however was not getting the marks. During class we went through past exam questions and how to approach them and what should be included in the answers. He also provided a lot of additional learning materials to refer back to and some exam notes that were particularly helpful. I would definitely recommend his course to BPT students.

Poppy (BPT resit student who passed first time with us with a score of 95%)

 

The course is an excellent pace, with early exposure to exam style questions, allowing you to practice the exam technique early on. Kieran is incredibly approachable, encouraging and has a unique ability to explain challenging concepts. I would highly recommend Kieran to any ACA students!

Lucy (BPT student who passed all her exams first time with us, including 93% for BPT)

After failing BPT twice, whilst studying at a different college, my confidence was massively knocked. Kieran was able to build my confidence back up, and made me believe that I could pass the exam. He taught me how to keep calm under pressure, which as someone who suffers from anxiety related to exams, was extremely important. I am a history graduate, and love writing. Turns out, BPT is not an exam for a beautiful essay. He consistently focused on exam technique, and writing simply to score marks. This encouraged me to cut out the additional information where I wasn’t scoring any marks, and was wasting time. Kieran was always on hand to answer any questions that I had related to the material, and also provided some very high-standard BPT notes. 5 classes with Kieran, and I secured 89% in BPT. Thank you so much!

Devon (BPT resit student who passed first time with us with a score of 89%)

Just wanted to let you know my result – I PASSED! I got 80 and needless to say am over the moon. Just could not have done it without you. I fully intend on coming back to you, you were fantastic every step of the way. I won’t be sitting the final stage until post May 2019  so I really, really hope that when I come back and move onto the final set you are still around. Thank you SO much for everything, no prize winning here but so grateful that I actually passed – a huge relief off my shoulders. And such a great mark! The best I have gotten to date from professional upwards!

Sophia (BPT student who passed first time with a score of 80%)

I had failed BPT in two consecutive sittings and was wondering how I was going to gain the motivation to go at it a third time. A few lessons, six weeks and a third BPT exam later, I went from a 49 to a 74! The change really was drastic. The sessions were set up in a private classroom with a small group of students which provided a great balance. It was personal enough that I felt that Kieran could give me the attention I required, whilst also allowing me to gain a perspective of other people's struggles in some of the harder topics of each exam. Kieran even provided simplified open book exam notes that broke down the key areas of the exam into more manageable parts and pro-formas for many of the tougher areas, saving me time creating my own, and allowing me to quickly open these in the exam.

Josh (BPT resit student who passed first time with us with a score of 74%)

The focus on exam technique using past papers was the key to me passing the exam, from the start Kieran showed how to apply the knowledge to exam questions rather than just going through technical content. The tuition was at the right pace, the course was well structured and the cheat sheets were very helpful in the exam! I would recommend the BPT course to other students. 

Ben (BPT student who scored 73% on his first attempt) 

I would highly recommend Kieran's tuition to my colleagues and anyone looking to pass the ACA exams. The tuition was invaluable to helping me pass BPT, and pass with a very solid margin as well. I had failed the December exam which we focused on, and so understanding the questions was key to helping me learn. The questions covered the 4 topics i found hardest, and I felt extremely confident on these going into the exam. Kieran focused on exam technique as much as possible, explaining ways he would formulate questions with short, key answers. He was also very helpful in explaining all of my questions. 

William (BPT resit student who passed first time with us with a  score of 67%)

Kieran's exam technique makes it look so simple. He breaks down what looks to be a long difficult question from past exam papers in small parts so that you are able to gain maximum marks. He also keeps reminding you how to get easier marks that could easily be overlooked. His open book notes are exactly what you need if you get stuck in a question during the exam - short, clear, concise and very well laid out. 

Bryan (BPT resit student who passed first time with us)

Further detail on how our approach differs from other tuition providers is included in our 'How to pass the BPT exam' article. 

Tuition Options

To get you through your BPT exam, we offer small group classroom tuition, online tuition and one-to-one tuition.

 

Classroom Tuition - London

Our BPT course comprises six classes which are held on Saturdays in central London. As our TC revision lectures are provided in advance of the BPT course, classroom tuition focuses on teaching students the content that appears most frequently in the BPT exams, with a focus on how to identify the relevant issues in the exam paper and how to structure your answer in order to maximise your marks.

 

In addition to teaching you the technical content, we will work through lots of recent exam questions on frequently examined topics such as residency, incorporation, liquidation, corporate disposal and capital disposal planing. This will ensure that you get up to passing standard as soon as possible – rather than wasting time with ‘warm-up’ questions. Our unrivalled student success is very much due to the fact that our tuition predominately focuses on teaching you our prize-winning exam technique.

The classes are structured as follows:

  1. Personal taxes

  2. Corporation tax - UK aspects

  3. Corporation tax - International aspects

  4. Business Structuring and Indirect taxes

  5. Exam Technique Masterclass 1

  6. Exam Technique Masterclass 2

Tuition fees

There are two payment options for the BPT classroom course.

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Option 1: Pay as you go

Tuition fees are £150 per class.

Option 2: Full Course

For students attending all 6 classes, the tuition fee is reduced to £130 per class.

Therefore, the full cost of the course is £780.

The full course includes:

- Access to our popular BPT exam masterclass webinars which sell separately for £195 (see below).

- Access to our TC webinars as most students need a refresher on the essential brought forward TC knowledge. 

- Our BPT Open Book Notes for you to use the exam (see below).

- Our BPT Master Plan. This is a detailed study plan to ensure that you maximise your self- study time (see below).

- A £10 per hour discount on any additional one-to-one tuition required (see below).

Given how difficult BPT is to pass, our classes are nearly always oversubscribed so please contact us here if you wish to book.

 

Tuition is held in central London on Saturdays. Each class has a maximum of 12 students. This small group format ensures that the tutor can dedicate sufficient attention to each individual student, whilst at the same time building a collaborative learning environment where questions can be freely asked. This small group format has proved highly effective for our current and former students and is a contributing factor to our exceptionally high student pass rate. Students are also encouraged to act as ‘study buddies’ outside of formal tutoring hours.

 

Online Tuition - BPT Exam Masterclass Webinars

As it is not possible for all students to attend our classroom course in London and because the course is nearly always fully booked, our prize-winning Senior ACA tutor has recorded a series of BPT masterclasses. 

 

Each class focuses on a common BPT examination area and explains the key technical concepts before demonstrating the optimal exam technique by tackling recent past exam questions in full. The classes apply the exam strategies and techniques which resulted in your tutor scoring 88% in the Tax exam and winning a prize from the ICAEW. This exam focused tuition approach enabled several of our recent students to score 95%+ despite having previously failed with another tuition provider.

Our online masterclasses teach the same content and exam techniques as our classroom tuition. Many students prefer the online masterclasses as they offer a lower cost option and can be accessed from any location with internet connection. 

As there is a substantial amount of assumed knowledge for every BPT topic, we have included our TC tutorials as part of the course. We suggest that you watch the classes in the order set out below. However, if you are already comfortable on a particular topic then you may want to skip the TC revision class. 

 

The classes are structured so that the course covers each type of BPT exam question and a full range of technical areas.

 

Income Tax

  1. TC: Basics and Business Structures

  2. TC: Income Tax - Employment and NI

  3. BPT: Income Tax - Employment and NI

  4. BPT: Close companies

  5. TC: Income Tax - Trading and NI

  6. TC: Income Tax - Trading Losses

  7. TC: Income Tax - Property 

  8. TC: Income Tax - Pensions

  9. BPT: Venture Capital Investment

  10. TC: Income Tax - International

  11. BPT: Income Tax - International

Capital Taxes

  1. TC: CGT - Basics

  2. TC: CGT - Reliefs

  3. BPT: CGT - Reliefs

  4. BPT: CGT - Company share buyback

  5. TC: CGT - International 

  6. BPT: CGT - International

  7. TC: IHT

  8. BPT: IHT - Advanced areas and CGT interaction

  9. BPT: IHT - Planning

Corporation Tax

  1. TC: CT - Basics

  2. TC: CT - Reliefs

  3. BPT: CT Advanced topics - IFA, RDEC, Leases

  4. TC: Losses and Groups

  5. BPT: Losses, Groups and Consortia

  6. BPT: Company Liquidation

  7. BPT: International structure

  8. BPT: Overseas PE incorporation and Migration

  9. BPT: International CT anti-avoidance

Common Exam Scenarios

  1. Business structure choice

  2. Incorporation

  3. Incorporated business disposal: Trade and Asset v Share sale

  4. Incorporated business disposal: Hive-down

  5. Multi-tax / mixed topic questions

  6. Ethics

VAT and Stamp Taxes Revision

  1. VAT - Basics

  2. VAT - International

  3. VAT - Groups

  4. VAT - Property and Capital Goods Scheme

  5. Stamp Duty

​​​One of the classes from the course can be viewed below. ​​

You can purchase each individual BPT class for only £30 by clicking on the 'rent' icon below (TC classes are £20). You can then watch the class as many times as you need to ensure that you have understood the technical principles and mastered the exam techniques taught during the class. You can stream the classes directly below and view them on any device which has internet connection within the 72 hour viewing period. If you require access for longer than 72 hours, we suggest that you opt for the Full Series Offer - see below for details.

Full Series Offer

You can subscribe to all of the classes for £195 and enjoy a viewing period of 6 months. Just click here to purchase. Once payment has been made, you can view the full series here. 

 

One-to-One Tuition

If you are struggling with a particular area, then one-to-one tuition is also available. We suggest that one-to-one tuition is used to supplement the tuition provided during our classroom or online classes to address any specific areas where you require intensive support. 

 

Tuition fees are £95 p/hour.

We offer a £10 per hour discount on one-to-one tuition for students who attend either our classroom tuition or online tuition.

Please contact us here if you wish to book.

Learning Materials

BPT Open Book Notes

 

Our prize-winning ACA tutor, Kieran Doe, has developed our unique BPT Open Book Notes which are specifically designed for use in the exam. The notes include:

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  • Easy-to-use technical notes for each area of the syllabus

  • A 'Common Exam Scenario' section which includes reminders of the points to consider for the most frequently examined scenarios e.g. capital disposal planning, incorporation, corporate migration, liquidation, corporate disposal and residency

  • Calculation proformas

A sample can be found at the bottom of this page. Student feedback can be found at the top of this page.

BPT Master Plan

 

To ensure that you use your study time as effectively as possible, we have broken the syllabus down into 'examinable topics' so that you can allocate your time to specific examinable topics. For each topic, we have referenced the essential ICAEW Study Manual reading and listed all the past exam questions which examined the topic. There is also a reference to how frequently the topic is examined, the extent to which it is examined and the BPT masterclass webinar which demonstrates the exact exam technique to use for that type of question.

A sample can be found at the bottom of this page.

 

Payment and delivery

The price for both the BPT Open Book Notes and the BPT Master Plan is only £30. You can purchase below; if you wish to use another payment method then please contact us.

Once payment has been received, you will receive the materials via email within 24 hours.

 
Contact us here or email bookings@acamasters.com

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