Insights

Deloitte Private Matters

June 2017 edition

In the latest edition of Deloitte Private Matters, you will find insightful Deloitte commentary on a wide variety of topics. This month, we feature articles on the process involved in developing a succession plan for family businesses, the potential VAT and customs implications of Brexit on Irish businesses and the changes introduced by the recently commenced Companies (Accounting) Act 2017. We also outline the application process for the Deloitte Best Managed Companies Awards and provide insight into findings from interviews conducted by Deloitte EMEA Family Business Centre with future leaders of family-owned companies.

At Deloitte Private, we understand that establishing, maintaining and growing a business in today’s challenging environment presents a wide range of complex issues. Deloitte Private Matters focuses on the priorities of private companies, family businesses, individuals and not-for-profit organisations in Ireland.

1.Family business succession planning – facilitating sustainable success

Marianne Donaghy outlines the process involved in developing an effective succession plan in order to ensure the long-term success of a family business and the preservation and maintenance of family wealth.

2. A Brexit update: Implications for Irish businesses on the re-introduction of borders

Lorraine Morrison and Donna Hemphill provides insight into the potential VAT and customs implications following the departure of the UK from the EU and highlights the importance for businesses of conducting scenario planning to assess the potential impact.

3.Deloitte Best Managed Companies Awards 2018: Applications now open

Entering its 10th year, applications for the Deloitte Best Managed Companies Awards are now open and the short application form is due for submission by Friday, 6 August 2017.

Clara Magee sets out the application process in further detail and highlights the benefits of the programme.

4. The Companies (Accounting) Act 2017

Mary Shier sets out the changes made by the recently commenced Companies (Accounting) Act 2017 in regard to the preparation and filing of companies’ financial statements, highlighting the introduction of mandatory electronic filing for the submission of certain documents to the Companies Registration Office.

5. Deloitte Insight: Next-generation family business leaders  

Daniel Murray sets out the key findings of Deloitte EMEA Family Business Centre’s recently completed Next Generation Survey which took an in-depth look at the opportunities and challenges that exist for family-owned businesses.

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