PwC Private Business Exchange

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Welcome to our PwC Private Business Exchange blog page!  PwC's Private Business Exchange program helps drive long-term success for private companies.

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Private companies: Anything but business as usual

CEO Survey - PCS cut

A riskier but potentially more rewarding business environment has the world's private company leaders feeling optimistic about the year ahead. 

We explore the results from a total of 711 private companies from 77 participating counties.  See what’s on the minds of private company CEOs in our 18th Annual Global CEO Survey: A Private Company View



M&A spotlight: Emerging trends in real estate M&A

Read now: Emerging trends in real estate M&A spotlight

The Canadian real estate industry has been a good bet for investors in recent years – a trend that is expected to continue into 2015.

In our latest Capital Markets Flash, Lori-Ann Beausoleil explores urbanization as the new normal in Canada, and what that means for businesses, developers, investors and the entire real estate industry.

Read more from M&A spotlight: Emerging trends in real estate M&A

Visit our Capital Markets Flash page for a collection of articles from this quarterly edition 


Estate tax update: US estate tax exposure for Canadians

Read now: US estate tax exposure for Canadians
Are you a Canadian resident (and not a US citizen) who owns US assets?  If, upon death, you own certain US assets, such as shares of US corporations, US real estate and US business assets, you might be subject to US estate tax. 

Under the Canada-US Tax Treaty, Canadian residents will now have a US estate tax liability only if their worldwide assets are valued at more than USD $5.43 million.

Read more as we set out the potential exposure of Canadians to US estate tax.

Estate tax update: US estate tax exposure for Canadians (2015 edition)


Top 10 questions to ask about cloud computing

Read now: Top 10 tips for cloud computing
Who owns the data in the cloud and who has the rights to use it?

What are the implications for operational and IT functions when cloud services are integrated into your existing environment?

How will it impact your finance team’s processes for investing in, monitoring and depreciating IT assets?

Cloud computing brings opportunities to make businesses more efficient and reduce IT costs. But before you fully embrace this technology, we explore some questions for you to consider when thinking about bringing the cloud to your organization.

Top10 Questions for Cloud Computing


Donor advised funds: A practical charitable giving strategy

Read now: Donor advised funds article
Are you looking to streamline your charitable giving?  Consider using a donor advised fund (DAF) to help you meet your objectives.

A DAF is a charitable giving channel that is accessible for a broad cross-section of donors and philanthropists, and is often described as a “mini private foundation”.  Read about how a DAF could be a simple and cost efficient vehicle for your charitable giving.


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CFO Agenda: Making data analytics work

Read now: CFO Agenda

CFOs are keen to exploit the potential of data analytics—but are their organizations prepared?

There’s a lot of buzz around data analytics these days, and it’s easy to get caught up in enthusiastic conversations about data’s ability to transform organizations. Not surprisingly, many CFOs are looking to data analytics as a way to meet the increasing expectations place on their role. Analytics offers the means to extract valuable insights from masses of data—insights that can be used to support business decision-making and influence the future performance of the organization.

Read more here!


US Offshore Voluntary Disclosure podcast series

The implementation of the Foreign Account Tax Compliance Act (FATCA) and the related increase in oversight by the IRS has amplified pressure on US individuals to comply with US filing requirements. This podcast series sheds light on the question of whether an individual falls under the category of "US citizen" and how to become compliant with the requisite US filings. The series also reviews the IRS voluntary disclosure programs that encourage filing compliance while mitigating penalties.

Listen to our podcast series here.


Wealth and Tax Matters 2014

This edition includes eight articles relevant to private businesses, executives, entrepreneurs and investors.

Our articles focus on the tax law requirements of US citizenship (including the voluntary disclosure program), estate planning and freezes, purchasing US vacation home, planning for the sale of a business and how to streamline your charitable giving donation.

Click here to read the full edition.


Initial OECD BEPS recommendations could have a significant impact on privately held companies

The Organisation for Economic Co-operation and Development (OECD) issued its Action Plan on base erosion and profit shifting (BEPS) in July 2013, featuring 15 ‘Actions’ or workstreams. The project produced its first set of recommendations on September 16, 2014. They include reports containing ‘draft final’ recommendations addressing four major topics: ‘hybrid mismatch arrangements,’ tax treaty ‘abuse,’ transfer pricing documentation (including country-by-country reporting), and transfer pricing methodologies for intangibles. The OECD intends to finalize those recommendations in 2015 in conjunction with completing related recommendations still in process.

Of the four reports that make recommendations for rule changes to domestic laws, those addressing hybrid mismatch arrangements, transfer pricing documentation, and tax treaty abuse may be of particular interest to privately held companies.

Once the BEPS reports are finalized, OECD and G-20 countries will have what may be perceived by many to be a ‘moral’ obligation to adopt their recommendations (the OECD has no enforcement powers). Certain countries will probably act quickly, while others (such as the United States) may take more time to work through the legislative process. Some countries have already adopted new rules in response to their own concerns about BEPS issues. As a result, companies – including privately held companies – will need to plan accordingly, and action may be necessary now.

Read the detailed Tax Insights here


Year-end tax planner – 2014: Helping individuals and owner-managed businesses save tax

The Year-end tax planner is designed primarily for individuals who have accumulated some wealth or own their own businesses (large or small). It includes year-end tax planning checklists for:

  • owner-managed businesses
  • employees
  • self-employed individuals
  • investors
  • parents and spouses
  • students
  • seniors
  • individuals and businesses with:
    • international connections
    • US connections  

Other helpful features include:  

  • a calendar of upcoming tax filing and other deadlines
  • integration tables relating to active business income and investment income
  • key personal and corporate income tax rates
  • titles of PwC publications and other PwC resources

Download the Year-end tax planner here.