by Oasis Accountants | Apr 28, 2023 | Newsletter
When Travel & Subsistence Qualifies For Tax Relief The term ‘travel expenses’ includes the actual costs of travel together with any subsistence expenditure and other associated costs that are incurred in making the journey. Travel In The Performance Of The...
by Oasis Accountants | Apr 21, 2023 | Newsletter
Working From Home You may be able to claim tax relief for additional household costs if you have to work at home for all or part of the week Who Can Claim Tax Relief You can claim tax relief if you have to work from home, for example because: Your job requires you to...
by Oasis Accountants | Apr 4, 2023 | Newsletter
Taxpayers – Tax Cuts effective from 6th April 23 Income tax Cut the basic rate of income tax to 19% Currently, people in England, Wales, and Northern Ireland pay 20% on any annual earning between £12,571 to £50,270 45% higher rate of income tax abolished One single...
by Oasis Accountants | Apr 4, 2023 | Newsletter
A Director’s Loan Account (DLA) is “Money taken from your company’s accounts that cannot be classed as salary, dividends or legitimate expenses”. In many cases, Directors are unaware that even owe money to the company. Until the money is repaid...
by Oasis Accountants | Apr 4, 2023 | Newsletter
The Scheme is a government backed initiative set up to help UK businesses of any size access Business Loans and other kinds of finance so they can recover after the pandemic. The new scheme replaces previous schemes such as CBILS and the Bounce Back Loan Schemes that...
