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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...

01 September 2016

UK Private Business Awards 2016: Social Enterprise category

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. Social Enterprise category A social enterprise is defined as a business driven by a social...

Tech breakthroughs drive business success - but how are you funding your tech investment?

Technology is transforming the worlds of work and leisure – and even transforming itself - and PwC recently released a Tech breakthrough report revealing the top eight essential emerging technologies. While these key emerging technologies, such as Blockchain, artificial intelligence and 3D printing, may not be a surprise to many...

31 August 2016

UK Government consultation on strengthening tax avoidance sanctions and deterrents

Speed read The Government have published a discussion document on 'Strengthening Tax Avoidance Sanctions and Deterrents'. These proposals apply to all services enabling or facilitating the use of tax avoidance arrangements, not only the tax advice involved; this includes other advisers, IFAs, banks and lawyers. The proposals represent a new...

29 August 2016

Apprenticeship Levy update

The Department for Education have now published their long awaited guidance on proposals for the funding of the Apprenticeship Levy. They have also confirmed that further details on the Levy and the new system for funding will be issued in October and December. In so doing the Government has reaffirmed...

22 August 2016

UK Private Business Awards 2016: Technology innovation category

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. Businesses who entered the Technology Innovation category have to have developed an innovative product or service that has...

EVENT: Planning for the future - restructuring the family business

On 1 December PwC are hosting a breakfast seminar at our Leeds office, where we will be discussing: recent changes to Inheritance Tax; the tax risks associated with passing on a family business; and how you can manage these risks. In 2015/16, HM Revenue & Customs raised a record £4.7...

Changes to the taxation of non-domiciled individuals: further detail published

Speed read All commercial property will be revalued for business rates for the first time in seven years.  The new rates are effective 1 April 2017, based on revised rateable values of properties.  Draft revised rateable values will be notified in September 2016.  If a property owner disagrees with the...

19 August 2016

Growth Builder goes from strength to strength

PwC is delighted to announce their sponsorship of Growth Builder, an accelerator programme for scaling businesses which launched in May. Growth Builder launched in Feb 2016 and 48 ambitious high-growth businesses were selected for the growth programme designed by Government, universities, entrepreneurs and leading UK corporates? These businesses have on...

The count down to the UK Private Business Awards 2016 begins

The count down to the UK Private Business Awards 2016 begins The annual UK Private Business Awards are in their sixth year. The Awards recognise achievements and the important contribution that entrepreneurs and private businesses make to their community and the UK economy. The dynamic businesses demonstrate how the UK’s...

The COO Summit presented by Seedcamp and PwC

Friday, 9 September 2016 from 09:00 to 12:00 (BST) - Add to Calendar In partnership with PwC, Seedcamp brings together it’s first dedicated event for the COO and CFO community amongst its portfolio. This event is targeted towards companies who are currently scaling up towards Series A and beyond, but...

27 July 2016

Summer recess and update on changes to the taxation of non-UK domiciled individuals

Headlines The Summer 2015 Budget announced significant changes to the taxation of non-UK domiciled individuals, due to be implemented from 6 April 2017. The full detail of how these changes are to be implemented is not yet known. We are unlikely to receive further detail before Parliament returns from summer...

21 July 2016

Clare Stirzaker to lead PwC’s UK family governance team

PwC, the professional services firm, is pleased to announce that Clare Stirzaker has been promoted to partner and will lead the UK family governance team, with a particular focus on the support PwC offer to the next generation of family business leaders. Clare trained and qualified as a trust and...

14 July 2016

Personal tax and withdrawing value from private businesses

By Ben Handley I was recently invited by LexisNexis Private Client to discuss some of the tax issues that private business owners face when they are looking to withdraw funds or realise capital from their companies. You can watch my video interview above.  Invariably there is a tax cost to...