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01 February 2017

The role of corporate governance in reconciling conflict to protect deal value and enhance shareholder protection

Central to most media attention is the assumption that somehow bad corporate governance is to blame for the scandal of the moment – that is, that the systems of checks and balances meant to prevent abuse by executives have failed. In theory, the need for corporate governance rests on the...

25 January 2017

The latest Non Dom changes: Are you upto speed?

Speed read PwC's Olivia Sullivan was interviewed recently for the LexisNexis Private Client hot topic series In this video Olivia shares her thoughts on what the changes to the taxation of non-doms will mean and their impact. Our previous summary of the changes is included below General The window of...

16 January 2017

Nominations now open for the 2017 UK Private Business Awards

Nominations are now open for the 2017 UK Private Business Awards - often referred to as the Diamonds - which celebrate the best of UK private businesses and their contribution to communities and the UK economy. Private businesses across the UK are urged to share their stories by nominating themselves...

12 January 2017

Money not the only measure of business success: Re-evaluating health and wealth

Does the traditional definition of ‘rich’ actually resonate with today’s definition of a richer life? Can we define wealth away from the balance sheet to a more balanced life and a healthier family dynamic? PwC’s family business team knows there’s another type of currency that’s just as significant as financial...

22 December 2016

Tapping into Patient Capital requires a patient approach (and a bit of family office capital)

When reviewing the long term investment requirements of UK companies, there's an important source of capital, for both mid-market (and big ticket) M&A and organic growth in family capital, deployed by family offices, and UHNWIs. Patient Capital - what a phrase. Since the Kay Report was published in 2012 and...

20 December 2016

Christmas gift ideas to ensure success for 2017 not just succession

Christmas is a time of year to think about loved ones. For those working in a family businesses, what better than to think of gift ideas to give the next generation, which will help support their journey into the business. A round the world ticket - so they can develop...

09 December 2016

The future of corporate governance for private companies – Winds of change

By Georgina Milis, Entity Governance & Compliance solicitor at PwC Legal and Gilly Lord, Head of Regulatory Affairs at PwC With approximately 41% of the UK’s economy made up of private businesses, some might be surprised that such a significant portion of the economy remains unregulated. With a greater focus...

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...