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01 December 2016

Disguised remuneration settlements

Speed read New legislation is being introduced to tax outstanding loans and investment growth from disguised remuneration schemes; The legislation will apply from 5 April 2019, capturing arrangements such as EBTs and EFRBS; We are seeing HMRC issue Accelerated Payment Notices in respect of some individual arrangements; Affected taxpayers may...

23 November 2016

Autumn Statement 2016: Private Business implications

(Mainly) expected changes for private businesses and their owners Some of our team reflect on the Chancellors first Autumn Statement and explain what some of the measures might mean for private businesses. In his inaugural Autumn Statement and the first major economic announcement since the Brexit vote, Chancellor Philip Hammond...

Autumn Statement 2016: Focus on R&D

Chancellor Philip Hammond delivered his first Autumn Statement announcement today (23 November 2016). Kevin Nicholson, head of tax at PwC, comments on R&D: "This was a fairly business friendly statement. The commitment to innovation and productivity plays to the UK's strengths - we're a big producer of intellectual property. Anything...

22 November 2016

Navigating corporate governance in a family business: transparency is key

Recent headlines encapsulate the tension between decisions made according to the family business agenda and those obligations which begin on incorporation and intensify with growth. To family firm owners this is an ever evolving scale and begs the question: at what point do the interests of external stakeholders take primacy?...

09 November 2016

PwC launches the Future of Work Programme

Transforming the workplace through scalable innovation PwC, in collaboration with SwiftScale, this week launched the Future of Work programme, a unique initiative to identify and nurture fast-growth enterprise start-ups with the potential to transform the workplace through scalable innovation. The 12 week programme takes 12 B2B start-ups with a proven...

04 November 2016

Get maximum deal value: five pre-deal planning tips

Your deal might be as straightforward as buying or selling a business or raising new finance but it could also be a joint venture or merger or similar collaboration. Whichever deal it is, it tends to be “mission critical” - in other words it really needs to “go right” for...

02 November 2016

Lack of strategic planning more likely to hold back family businesses than economic headwinds

Lack of strategic planning more likely to hold back family businesses than economic headwinds Slow or no progress on strategic planning could impact growth Family businesses in Asia Pacific are the most aggressive growth seekers 43% of family businesses do not have a succession plan in place Despite economic uncertainty,...

28 October 2016

Corporate Governance - Does it matter to me?

A company fails and questions are quickly asked about what could have been done better and differently. Often lack of corporate governance is cited as a key contributory factor towards the demise of a business and, in fact, the UK government will shortly assess how corporate governance measures can be...

24 October 2016

#PrivateBizChat - Getting talent right: Critical factors for success - 17 November, 12.30pm

Getting talent right: Critical factors for success PwC's Private Business team are hosting their next #PrivateBizChat Twitter chat on the 17 November, 12.30pm - 1.30pm which will focus on talent issues for start-ups all the way up to scaling and fast growth businesses. The UK is a hotbed of start...

20 October 2016

Webcast: Global Family Business Survey launch – Wednesday 2 November 2016

This year’s Global Family Business Survey is our biggest yet. Between May and August 2016 over 2,800 senior executives from family businesses in 50 countries and across all sectors and industries - from global brands to smaller first generation businesses - generously shared their experiences and insights with us. We’ve...

19 October 2016

Growing your business - October edition

Welcome to the latest edition of PwC's Growing your business. Each edition should provide you with useful insight and tips and experiences from other Private Businesses, so you can apply the things that will work best in your business to support your long term growth. In this edition: We shine...

17 October 2016

Family Businesses - Demystifying governance

By Clare Stirzaker I've attended and led discussions at several events recently, where I've been asked to provide thoughts on what family governance means, how it differs from corporate governance and whether both are required in family businesses. In preparation for these meetings, I spent some time with a member...

05 October 2016

UK tech awards 2016 – shortlist announced

The shortlist for the UK tech awards has been announced by the judging panel, recognising the efforts of the flourishing UK tech industry. The UK tech awards, which have evolved from the very successful techMARK awards, are now in their 16th consecutive year, sponsored by PwC in association with Silicon...

23 September 2016

What are the biggest challenges facing family businesses right now?

By Clare Stirzaker Family businesses are often perceived as an extension of the family itself, which gives rise to certain issues that do not exist in other companies. These issues can include:  Deciding if the company is run by the family or external professionals  Preventing conflict and disruption of the...

21 September 2016

Family Businesses: The bedrock of communities and the backbone of the UK economy

PwC is delighted to to be taking part in National Family Business Day 2016. The UK’s family businesses come in all sizes, from all sectors and from all over the country. Many of these firms have been in existence for hundreds of years, passing from generation to generation, with their...

16 September 2016

UK Private Business Awards 2016 - The Winners

The UK Private Business Awards held on 15 September 2016, recognise achievements and the important contribution that entrepreneurs and private businesses make to their community and the UK economy. The finalists were selected from over a thousand entries from private businesses across the UK and reflect the increasing diversity in...

09 September 2016

PwC wins prestigious STEP Private Client Award

PwC has won the Family Business Advisory Team of the Year category at the STEP Private Client Awards, which took place on Thursday 8 September 2016. Held by STEP, the worldwide professional association for those advising families across generations, the Awards are highly regarded as a celebration of excellence across...

07 September 2016

UK Private Business Awards 2016: Rising Star of the Year Award

The annual UK Private Business Awards are in their sixth year. With only days until the winners are announced, we take a look at the businesses shortlisted for each of the categories. Rising Star of the Year Award The winner of this award will be a company with an exciting...

06 September 2016

Cyber attacks: ‘It won’t happen to our private business’

By Matt Palmer “I was so close to making the payment”. This is what an experienced managing director told me about a scam he was nearly trapped by. “Swiss bankers” apparently needed a payment to support the group’s European parent company to make an acquisition and contacted him by phone...

05 September 2016

UK Private Business Awards 2016: High Growth Business of the Year Award

By Brian Henderson The annual UK Private Business Awards are in their sixth year. With only weeks until the winners are announced, we take a look at the businesses shortlisted for each of the categories. High Growth Business of the Year Award For the purpose of the awards, high growth...