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family businesses

Wealth transfer planning: Branching out, building up, giving back

May 18, 2023

KPMG Private Enterprise’s Global Family Business Tax Monitor 2023 compares the vastly different tax implications of transferring the family business through gifting during the owners’ lifetime (including on retirement) and through inheritance across 57 countries, territories and jurisdictions worldwide.

For many family businesses, sustaining prosperity for the long run depends on how well they plan transfers of business assets and family wealth from one generation to the next.Beyond the emotional concerns, these transfers entail, tax, legal and a host of other issues come into play. Today, these issues are multiplying as the pandemic lingers, geopolitical tensions run high, recession looms and technology opens opportunities for new business models and ways of doing business.

Robyn Langsford: Helping family businesses to ‘Hum’

April 12, 2023

As one of KPMG’s Global Leader for Family Business, Robyn Langsford has more than 25 years’ experience working closely with private clients. In an interview with Campden FB, she talks about putting the spotlight on leading female entrepreneurs, broaching the succession question and educating Next Gens…

As one of KPMG’s Global Leader for Family Business, Robyn Langsford has more than 25 years’ experience working closely with private clients to deliver strategic financial and tax advice tailored to their business and the challenges they face.

A trusted adviser to family businesses and family offices, she has a broad skill base and diverse experience that enables her to solve multidisciplinary problems and add value.

The risk of addiction in family businesses

March 28, 2023

Addiction can be incredibly difficult to manage in any family dynamic - but when it shows up in a family business, the stakes are even higher, says family psychotherapist Fiona Yassin.

Addiction can be incredibly difficult to manage in any family dynamic, but when it shows up in a family business, the stakes are even higher.

But by understanding why and how addiction shows up in family businesses and learning the patterns of behaviour in individuals who misuse drugs and alcohol, families will be better equipped to support the addict out of their illness.

Family businesses strongly positioned for ESG transformation

June 16, 2022

The escalation in social awareness wrought by COVID-19 has energised businesses to reflect on their purpose and values and their capability to deliver what really matters, says Ian Beaumont of KPMG.

The escalation in social awareness wrought by COVID-19 has energised businesses to reflect on their purpose and values and their capability to deliver what really matters.

They want to achieve this in a financially, environmentally and socially responsible way.

Environmental, social and governance (ESG) is a reflection of who we are and how we choose to do business.

From Mauritius to Nigeria, 25 family businesses to look out for in Africa

September 9, 2021

Family businesses play a critical role internationally and in the context of African economies. However, due to a lack of reliable data their significance and contributions are not fully appreciated or understood. One thing is clear, however—family-owned businesses are the backbone of the African economy.

How the next generation can conquer their fear and anxiety in family business succession

June 24, 2021

The most common stereotype about the next-gen members of a family business is that they are arrogant and overconfident and expect everything to come easily to them. But the reality is that these Gen Y and Z members become overwhelmed with self-doubt over joining the family business.

The future of family business in pandemic recovery

June 8, 2021

The new financial year has begun. It is the first financial year post-lockdown, with the new challenges that the pandemic has brought to the table. In what way has the pandemic broadened the scope of the agenda for business owners who are looking to retire or sell within the next couple of years?

Put your family business questions to KPMG experts

March 15, 2021

Family business principals will be able to have their questions answered on what tax changes and the UK Budget means for family ventures at a new virtual forum hosted by KPMG Private Enterprise on 22 March.

The trusted multidisciplinary family adviser and corporate member of Campden Wealth said it will launch its new series of Family Business Leaders’ Forums for 2021 after the successful run last year.

Leaving The ‘Firm’: What Prince Harry and Meghan Markle’s choice to separate from the Crown means for family businesses

March 13, 2021

The Firm? We learned from Harry and Meghan’s interview with Oprah Winfrey that is what the royal family call their family business. It’s a very appropriate term. As a family business, they own and manage land and castles, some of which they rent out, support multiple charitable ventures, play an extensive public role in the UK drawing on multiple publicity avenues to support its image and brand, and employ scores of employees who are valued for their loyalty and commitment. It's a huge and complex business.

UK Budget 2021: What key changes should family businesses be considering?

March 5, 2021

The Chancellor laid out a supportive package of measures to help businesses, while having one eye on a longer-term plan to balance public finances. Despite recent speculation about changes to Inheritance Tax, Capital Gains Tax, and the introduction of a Wealth Tax, the current thresholds have been maintained for the time being.