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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Donor advised funds: A practical charitable giving strategy

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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

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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.



Keeping your head above water: Recent issues in financial reporting for private enterprises


For the first time since its inception, significant changes to accounting standards for private enterprises, ASPE for short, are anticipated.

Are you affected? You will be if you’ve got subsidiaries, joint ventures, employee benefit plans such as pensions, discontinued operations, or redeemable preferred shares issued in connection with tax planning arrangements.

In this issue, we summarize what each of these changes are, or are proposed to be, and provide our initial observations on them. This outline is designed to give you some idea of how they might impact you.  

Download The Financial Reporting Release for Private Enterprises


The Canadian Supplement to the 2014 PwC Global Family Business Survey


Canadian family businesses continue on their path to steady, measured growth and they are 100% confident they will achieve it. But in this technologically driven and disruptive economy, family businesses will need to invest in people, technology and systems Read now: Family Business Surveythat will allow them to be competitive.

It’s time to professionalize all aspects of the business—a fact that global family business leaders appear to accept more readily than Canadian family business leaders.

Download the full report here.


The snowbirds sing... and the IRS listens

Tax Insights

For many Canadians, the opportunity to avoid a harsh winter by fleeing to the southern United States is irresistible. But some may have overlooked important tax implications.

How do the US income tax and estate rules apply to you?

Click here to read more.


PwC’s Innovation Blueprint

To be innovative, you need to engage everyone in the organization, challenge the norm, and take some acceptable risks to grow in the long-term. It is essential to staying relevant and competitive in the new economy.

Watch: PwC's Innovation BlueprintOur Innovation Blueprint helps everyone in your organization with a disciplined, step-by-step approach to achieving your business goals.

Watch our video on how innovation can be planned, fostered and delivered upon.

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