Family Business Bulletin | August 2026
Welcome to the latest edition of our Family Business Bulletin
Should ownership stay within the family? Is the business structured to support future growth? Could employee ownership be the right fit? Or is it time to consider a sale?
There is rarely one right answer, but there is significant value in understanding your options early. The most successful transitions are typically those that are planned well in advance, giving business owners the time and flexibility to make decisions that support both commercial ambitions and family objectives.
If you’re unsure where to start, our Family Business Diagnostic tool will help you to start your assessment to understand where your business is today, identify opportunities and potential challenges, and highlight the areas where you may benefit from specialist advice. It’s a practical first step to understanding your business’s strengths and priorities and planning confidently for the future.
In this edition, we’ve shared a collection of insights to help you navigate some of the most common questions family businesses face as they prepare for the future.
Family business diagnostic tool
Access our family business diagnostic tool to discover your top three strengths and weaknesses, with suggested areas of development.
Important dates
5 October 2026
Deadline to register for Self-Assessment if you’re filing for the first time.
31 October 2026
Deadline for papar Self-Assessment tax returns.
7 November 2026
Making Tax Digital quarterly update due for eligible sole traders and landlords.
A quick reminder:
If your income is likely to be over £35,000 and you receive the Winter Fuel Payment, you may have to repay it through your tax return. If you already know you’ll be over the threshold, it may be worth opting out of the payment to keep things simple going forward
When is the right time to sell your family business – and what are your options?
Selling a family business is one of the biggest decisions an owner will make. This article explores when the time might be right, the different exit routes available and how early planning can help maximise value and secure your legacy.
Handling conflict in a family business
Disagreements are a natural part of any family business but managing them effectively is essential for long-term success. Discover practical ways to address conflict, improve communication, and protect both family relationships and business performance.
Field Consulting transitions to employee ownership
Read how we advised Field Consulting on its transition to employee ownership, helping the business secure its long-term future while preserving its culture and rewarding the people who have contributed to its success.
Family business – the next generation
Preparing the next generation is one of the most important decisions a family business will make. This article explores how businesses are developing future leaders, balancing tradition with change and planning confidently for the next chapter.
Videos
Webinar recording: Business structure and succession – are you set up to support your next stage of growth?
