Attorney-at-law Edgar Paltzer specialises in advising clients on the legal aspects of wealth structuring services. This article will look at succession planning, providing an overview of critical considerations when strategising to pass a business on to the next generation. The key to successful succession planning is starting early. According to a report from FPM, family businesses form the backbone of the UK and Irish economies (for example), accounting for more than 80% of private companies and providing over 15 million jobs. Thriving for generations, successful family enterprises are innovative, adaptable, entrepreneurial and forward-thinking. Succession planning centres around the transfer of…
Author: News Team
A little-known law concerning number plates could result in fines of up to £1,000 for drivers, with a 318% rise in related crimes across the UK. Number plates function to identify vehicles uniquely, facilitating the tracking, storage, and processing of data. There are stringent DVLA regulations regarding how number plates must be displayed. The chief violations include not displaying or removing number plates. Additional breaches include altering the sequence of letters and numbers, and hiding certain characters. Plates4Less submitted a Freedom of Information request to most of the police forces across the UK to find out how often number plate offences…
KYC360, a leader in providing Customer Lifecycle Management solutions that bolster organisations in their compliance and performance, is thrilled to announce the appointment of John Harris to its advisory board. With a distinguished background that includes a twelve-year stint as the Director General of the Jersey Financial Services Commission until 2018, John Harris is set to bring a wealth of experience to KYC360. Prior to his prominent role at the JFSC, John was instrumental in shaping financial policies as the Director of International Finance for the Government of Jersey, focusing on enhancing the island’s reputation as an international finance centre.…
Tosçelik Spiral Boru, a leading division of Tosyalı, Türkiye’s globally renowned steel producer and the largest pipe manufacturer in Europe, has won the tender for the “Rhine Water Pipeline” (RWTL) project. This project, crucial for environmental restoration in Germany, aims to redirect water from the Rhine River to refill exhausted open-cast mines. Spearheaded by RWE, a top-tier German energy company, the project involves Tosçelik Spiral Boru providing 130,000 tonnes and 105,600 metres of 2235 mm diameter pipes. The formal contract was signed at a ceremony at RWE’s convention centre, Paffendorf Castle, near Cologne. Fuat Tosyalı, Chairman of Tosyalı, remarked, “As…
Estate planning is one of the most important parts of a person’s life, especially as you age. Having a certain level of organization over your estate is the key to protecting your family and legacy. When you finally decide to devote time to the process, there are several key missteps to steer clear of in the interest of preventing fees and poor estate management. Read on to learn about a few costly estate planning mistakes you’ll want to avoid. Not Having a Will One of the most fundamental and impactful estate planning omissions is the failure to draft a will.…
Due to significant personal reasons, you get stressed and that has a direct effect on your work performance. Not necessarily, stress could be because of work in an office or at home, and that negatively impacts your job performance. Stress has now become a known illness that needs to be treated in the right way. Supposedly titling it as a headache and not giving required attention to it could lead to major consequences. Some of the major consequences of untreated stress could be: Less concentrated at work: You will have decreased concentration during task performances. With a diverted mind, your…
Today marks a significant advancement in code security and analysis as The Code Registry, the first AI-powered code intelligence and analysis platform in the world, has successfully closed its seed funding round. The round was incubated at the Mission Capitalist Club in the United States, led by high-profile private technology investors including: leading fintech entrepreneur Michael M. Carter (Founder & CEO, BizEquity); banking software pioneer Michael Sanchez (CEO, Savanna Inc and Co-Founder of Finxact), and former Internet Capital Group Managing Director John Loftus, along with participation from other leading private investors within the software and fintech industries. Originating in London…
INTO University Partnerships’ foundation programme in medicine and health has recorded exceptional performance, with the majority of its students securing conditional offers for medical degrees both within the UK and abroad. In the 2023 cohort, 70% of international students aspiring to a medical career have been offered places on a five-year MBBS degree programme. Initiated in April 2022, the programme is hosted at the INTO London Centre and commenced with its first group of international students in September 2022. Students in this foundation course have the opportunity to progress to several top universities globally, including numerous institutions in the QS…
If you want to become a digital nomad or if you are already working and travelling across multiple countries, there will be much on your mind, such as your tax position. Global Tax Consulting explores the consequences of the nomadic lifestyle including whether having no tax home is ‘legal’, how double taxation is mitigated and the steps a nomad can take to optimise their tax affairs. Tax residence Ultimately, where you are liable to pay tax will be driven by your resident status. Countries assess a variety of factors to determine your resident status including physical presence, access to accommodation,…
Do your workplaces still use conventional clunky punch-clock systems or paper timesheets to track employee work hours? If so, your organization might be operating in a payroll system that is still equivalent to the traditional and outdated system from ages ago. Today, with digital tools and the modernization of the business world, there are many more flexible and smooth options and more efficient approaches to employee time tracking management. And what might that be, you ask? It is the employee time clock app. These mobile software or applications offer many benefits, including better organizing your payroll process, saving you time…
