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.
The forums are described as an opportunity for families to hear from KPMG specialists about what the budget means for family business owners, as well as the firm’s expectations of ‘tax day’ including Capital Gains and Inheritance Tax reform later this month. KPMG executives will also explore where the UK’s tax authority is focussing its attention, particularly relevant to family business owners given the £100 million ($139.3 million) investment in the HMRC Taxpayer Protection Taskforce announced by Chancellor Rishi Sunak.
Miles Davies (pictured), managing director of the Family Enterprise Practice at KPMG Private Enterprise, said KPMG specialists will speak for the first 30 minutes of the forums. Participants will then break out into virtual rooms where family business leaders can meet peers and ask KPMG professionals any questions they have on the topic.
Topics for future forums will include purpose, succession, governance and philanthropy, among others.
The KPMG Private Enterprise Family Business Leaders’ Forums 2021 begin on 22 March, at 13:00-14:15 GMT, via Microsoft Teams, then every six-weeks afterwards.
KPMG Private Enterprise and STEP Project Global Consortium also launch their Global Family Business Report: Covid-19 Edition, exploring the impact of the pandemic on family businesses and the recovery outlook, on 18 March, 2021.