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ACA FAR Exam Timer
Accounting Exams

Managing Your Time in the ACA FAR Exam

The Financial Accounting and Reporting (FAR) exam is regarded as one of the hardest exams required to obtain the ACA qualification. It contains a lot of content of varying levels …

VAT Calulator
accounting / tax

Why Businesses Are Allowed To Claim VAT Back

Before you can understand why businesses are allowed to claim their VAT back, it must first be understood which businesses can reclaim VAT and also how the VAT system works. …

Example of a Break Clause
Lease Accounting

What Is a Break Clause (Leases)

It is common practice for lease agreements to contain a break clause, especially when the lease is in relation to the rental of a property (a tenancy agreement).

Depreciation entries
tax

How the Tax Personal Allowance Works

As soon as annual earnings go over £100,000 the personal allowance starts to be reduced:

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