Family Business Bulletin | March 2026
Welcome to the latest edition of our Family Business Bulletin
This edition brings together a range of timely topics for family businesses and individuals – from tax end year planning and estate considerations, to the growing importance of cyber security in an increasingly evolving digital world. With cyber attacks affecting businesses of all sizes, taking proactive steps to protect your operations and data has never been more important.
Alongside these insights, we’re hosting a series of FRS 102 webinars to help businesses understand the upcoming changes and what they mean in practice. We’ve also recently launched a new interview series with family business leaders, exploring how they are approaching the transition to the next generation and what the future looks like for their organisations. You can read interviews with businesses across a range of industries here.
We hope you find this edition useful. If you’d like to discuss any of the topics in more detail, we’d be happy to help.
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
6 April 2026
Start of the new tax year (2026/27).
6 April 2026
Start of Making Tax Digital (MTD) for Income Tax. Taxpayers must start keeping digital records and sending quarterly updated to HMRC (see article below for further details).
Making Tax Digital for Income Tax: what you need to know
HMRC is continuing its drive to modernise the UK tax system through Making Tax Digital (MTD), aimed at improving efficiency, reducing errors and moving tax reporting closer to real time. The first phase of MTD for Income Tax Self-Assessment takes effect from 6 April 2026 for those who qualify, with initial submissions due by 7 August 2026.
Five tax tips before the end of the tax year for family businesses
With the tax year end approaching, family businesses should review key planning opportunities now to maximise reliefs, manage liabilities and avoid last-minute pressure. Taking action early can make a meaningful difference to both short-term cash flow and long-term succession planning.
A guide to passing on wealth
You’ve worked hard to build your wealth, so careful estate planning is essential to ensure it’s passed on according to your wishes and with minimal tax exposure. Putting a Will and powers of attorney in place provides clarity, control and peace of mind for you and your loved ones.
Understanding and managing cyber attack risks
If your family business assumes cyber attacks are only a risk for large organisations, recent research suggests otherwise. Around 74% of family businesses globally have experienced a cyber attack in the past two years, often resulting in financial loss, data theft and operational disruption.
Videos
Key changes to inheritance tax: What family businesses need to know
