Category Archives: technology

November Market Commentary

October was, to put it mildly, an eventful month. It was a month which saw the majority of markets on which we report down steeply, as fears of higher interest rates in the US combined with worries about the US/China trade war. There was, however, one market that went up sharply: Brazil elected a new president – a man who, I suspect, will feature prominently in future commentaries.

In the UK, the Prime Minister survived the latest round of calls for her head, and the Chancellor delivered his Budget a month earlier than everyone had expected. Continue reading

What do ESG and impact investing mean for investors?

Sustainable investing has grown rapidly over the last couple of decades. Investors are increasingly committed to the social and environmental impact of where they put their hard- earned money. Getting good financial returns and having a positive impact on the world are not mutually exclusive. Impact investing and ESG investments allow investors to ‘kill two birds with one stone’, as they say

American financial association SIFMA estimates the market size of sustainable investments to be $8.72 trillion. That figure was calculated in 2016, so it’s likely to be substantially larger than this now. Continue reading

Could your business be claiming more tax relief?

Whatever your business, you might be eligible to claim more tax incentives than you currently do. Sometimes tax incentives are available on things you might consider to be mundane in your business, so it would be wrong to assume that your business won’t qualify.

Here is a list of the most common incentives you could be missing out on:

Research and Development

You might think this would only apply to companies with multi-million pound research operations, but this is often not the case. As long as your business researches or develops new processes, products or services in science or technology, you might be eligible.

SMEs with less than 500 staff and a turnover of under €100m or a balance sheet total under €86m can be eligible for R&D tax relief. If you qualify, you can deduct an extra 130% of your qualifying costs from your yearly profit, as well as the normal 100% deduction, to make an overall 230% deduction. As well as this, you can claim a tax credit if your company is loss making. This is worth up to 14.5% of surrenderable loss.

Annual Investment Allowance

You can get tax relief on the plant and machinery you purchase in the year before you purchase them. If you’re eligible, relief will be on 100% of the cost. You can also claim on the demolition cost and alterations to plant and machinery. It’s important to note that this tax relief doesn’t apply to repairs.

In his recent Budget, Philip Hammond announced the annual investment allowance has increased from £200,000 to £1 million. This comes into effect on January 1 2019 and is aimed at preventing investments in British businesses stagnating because of Brexit.

Tax relief on green equipment

In order to encourage businesses to be greener, the government’s Energy Technology List (ETL) and Enhanced Capital Allowances (ECA) offer relief on high-performance energy efficient equipment. Products on the ETL deliver a high standard of efficiency, defined as performing within the top 25% of all similar equipment available in the UK market. ECA lets you claim 100% capital allowance on products on the ETL.

Employment Allowance

Employers can get up to £3,000 a year off their National Insurance bill. The allowance will reduce your (secondary) Class 1 National Insurance payments each time you run your payroll until the £3,000 has gone or April, when the tax year ends (whichever is sooner).

Speaking to a qualified accountant will give you your best bet of finding what relief applies to you. Often the processes for claiming aren’t very transparent, so getting some expert help is recommended.

Imagine a world…

The future of money is upon us and it’s exciting. We’re expecting to see 2018 as the year that cash is overtaken as the major form of payment in the UK. Whether it’s through cards, apps or even the swipe of a hand, the time of contactless payments has arrived.

Right at the forefront and keen to embrace these technological advancements is the travel industry. Welcoming tech, such as virtual reality, with open arms means that travellers may soon see their shopping experience streamlined. Imagine placing your mobile phone into an in-flight virtual reality headset – you look through the headset and see menu options for you to build your perfect meal and duty free items such as aftershave and alcohol to stock up on before you land. Part of the beauty of it all is that it would know which seat you were in for easy delivery and your payment details would be loaded onto your phone, making checkout seamless. Continue reading