Nepotism can lead to appointing unqualified family members to key positions, risking the business's growth and success. #FamilyBusiness #Nepotism

Generational gaps can result in differing visions and approaches, causing friction and hindering business innovation. #FamilyBusiness

Increasingly prefer, in spite of cash flow disadvantages, for family firms to pay directors market rates through payroll, as real costs recorded, no need to save funds to pay tax later, better at higher rates than dividends (not in Scotland) & paperwork helps obtain a mortgage.

Currently there is no Capital Gains Tax on death so an elderly, frail individual is unlikely to want to make any gifts that crystallise a CGT liability.

Any partnership, particularly law firms, when talking about results, have partners who really only want to know what they can draw from the profits and what they can draw compared to their colleagues.

Family conflicts can escalate and spill into the business environment, creating a toxic workplace and lowering morale. #FamilyBusiness

Anyone with more than 25% shareholding in a company needs to prove their identity using online tools and it takes quite a bit of time out of your day. #RedTape What is the purpose? Are all the AML procedures going to catch the people they are really targetting?

Small practitioners discussion group this week highlighted concerns about getting hold of the Inland Revenue which appears to be getting worse, unless you deal with a specialist department when seeking tax clearances with responses coming through really quickly.