KPMG firms are committed to working with and supporting family-owned businesses; they are an important part of the global economy and our business, so we are dedicated to understanding them in greater depth. We recognise that the “Issues of Ownership”, sometimes known as the family component
While hosting its general assembly in Vienna, European Family Businesses (EFB) announced an alliance with KPMG in the field of Family Business. Created in 1997, EFB is the European Union (EU) federation of national associations representing long-term family-owned enterprises, including small, medium-sized and large organisations.
By the end of this parliament, the UK coalition government will have increased taxes almost 300 times, reports The Telegraph. Many of these tax hikes are related to alcohol, VAT, income, vehicles and a range of company levies. In addition, increases in Inheritance Tax are making succession planning more difficult. Thus, higher taxes – the result of government’s drive to combat the UK’s huge deficit – are leading many high-net worth individuals to find more efficient means of structuring their tax investments. One such cost-effective, simple solution for those based in the UK may be the Family Investment Company.
Are you a business owner who’s hoping to pass on the assets accumulated during your lifetime to your children? If so, then you should be aware of the ins and outs of Capital Gains Tax.
Fail to plan and plan to fail. It’s a much-quoted business maxim. And, while an entrepreneur may plan every aspect of their business down to the finest detail, many still neglect to plan how they’ll quit the business one day and are disappointed when they find their departure does not turn out as they’d hoped.
It’s tougher than many think for the wealthy to maintain their current lifestyle in the face of continuing global economic woes. The recession has impacted on everyone – rich and poor, alike. For high net-worth individuals, the current economic environment brings its own particular set of challenges and they, too, have had to adapt to changing times.
The reality is that strategic planning, at least when it’s stripped down to its essentials, is about unlocking a business’ growth potential and enhancing its survivability. Small and marginally profitable businesses that ignore strategic planning are likely to remain exactly that – small and marginally profitable, if they remain at all.
Family offices are increasingly interested and active in impact investing. A study by Professors from IESE Business School, supported by the Family Office Circle Foundation, analyzed the impact investment strategies of 60 impact investors, mainly based in large single-family offices.
A recent article by Attracta Mooney in Campden Magazine describes the current trend in family philanthropy of focusing on high-impact giving. Indeed, families are increasingly concerned about the impact of their philanthropic activities.
The bank is the first place many of us turn when we need a business loan or business credit but, for family businesses, the chance of actually getting one is slim. Says Inc. Magazine, banks simply aren’t lending to small businesses the way they were before the financial crisis.
Reports & Surveys
KPMG Global News
KPMG's latest insurance report, "The Valued Insurer", reveals how the world's to [...]
According to new research from The Consumer Goods Forum (CGF) and KPMG International, retailers acro [...]
A new report from KPMG finds that aerospace and defense organizations need to focus on improving sup [...]