Private Company Services - Press room

Located in all major US markets, PwC’s Private Company Services (PCS) is a national practice comprised of more than 170 partners who provide customized tax, audit and advisory services to private companies, their owners and high net worth individuals. More than 60 percent of America’s largest private companies are PCS clients1. They span a broad scope of sectors and industries ranging from manufacturing to retail to industrial to professional services. A hallmark of PCS is a robust thought leadership program that provides clients with timely, thought-provoking information to help manage and grow their businesses and wealth.
1Forbes America’s Largest Private Companies 2013

PCS professionals are regularly sought out for their insight and opinion on issues of national and local interest affecting their audience. A number of recent articles featuring people from our Private Company Services practice - including Personal Financial Services (PFS) - are included below, as well as an archive of coverage over the past months.

Featured news

The Business Journal, 3 reasons private companies are poised for growth - and what you need to drive your business forward
July 3, 2014

An article written by Ken Esch, PCS partner and Trendsetter leader, was published in the Business Journal's digital channels as well as in the San Francisco Business Times, Houston Business Journal and Boston Business Journal. In the article, Ken discussed the Q1 Trendsetter results that indicate growth for private companies – a positive outlook, need for hiring and focus on ROI.

USA TodaySpecial Edition, High and Dry
June 2014

Don Wen, PCS partner and PCS Northern California Market Leader, was quoted in the story about the effect of California’s drought on farmers, business and consumers.

Inc., Yes, You’re Ready to Do Strategic Planning
May 29, 2014

PCS partner Ken Esch contributed to the article discussing why companies should undertake strategic planning and how to go about it.

The Wall Street Journal, A Way for Businesses to Avoid 3.8% Tax
May 2, 2014

Bill Fleming, PFS managing director, contributed to the article about an estate planning strategy that can avoid the 3.8% Net Investment Income Tax. The March ruling indicates that a trustee who is also an active employee of the business can represent the trust’s “material participation” in the business. This means that income earned by the business with the help of the working trustee won’t be subject to the tax.

US News and World Report, Helping Gen Y Declare Their Financial Independence
April, 2014

Kent Allison, PFS partner and leader of PwC’s employee financial education practice, contributed to the article about how high debt levels and lack of savings are creating financial challenges for Gen Ys. PwC’s 2014 Employee Financial Wellness Survey was used for the basis of the story.

Accounting Today, Private Company CEOs Optimistic about Economy
April 29, 2014

Ken Esch, PCS partner and Trendsetter leader , was interviewed regarding results from the Q1 2014 Trendsetter Business Outlook which shows growing CEO confidence in the US economy.

CFO Journal, A New Direction for Goodwill
January 27, 2014

Kirsten Schofield, PwC partner, was interviewed for the article on the financial reporting changes for private companies. In the article, Kirsten provided background on the Private Company Council (an advisory body to the Financial Accounting Standards Board), GAAP and the treatment of goodwill.

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Accounting Today, Private Companies Plan to Increase Capital Spending
August 8, 2014

Ken Esch, PCS partner overseeing Trendsetter was interviewed by Accounting Today for an article on results from Q2 Trendsetter which shows that more than a third of private company CEOs and CFOs plan to increase their capital spending in the coming year, the highest percentage in over two years.

Forbes.com, Skills Gap Remains a Concern Among Private Companies as Employment outlook Creeps Up
August 11, 2014

Ken Esch, PCS partner overseeing the Trendsetter program was interviewed by Forbes.com for an article on private companies’ concerns about the skill gap. Q2 Trendsetter results served as a basis for the article which discussed how employers plan to hire. Hiring, however, will be restrained because they are seeking specific skill sets and because the companies are seeking mergers and acquiring smaller businesses to gain time-tested employees.

Lehigh Valley Business, Survey: Private business leaders see favorable economic growth
August 18, 2014

Marty Janowiecki, PCS partner in Philadelphia, was interviewed by Lehigh Business for an article about the changes companies in the region are making in response to an improved economic environment as discussed in the Q2 Trendsetter Report.

BusinessCheatSheet.com, Plenty of Jobs But Slow Hiring: Do Americans Lack Employable Skills?
July 9, 2014

BusinessCheatSheet.com used information from Q1 Trendsetter results in an article discussing the specific skills that are in demand as businesses consider the types of employees needed to grow their businesses.

ChiefExecutive.net, The M&A Market is Heating Up. Is the Time Right to Make a Move?
July 3, 2014, 2014

ChiefExecutive.net, an online publication of Chief Executive Group which produces proprietary research, events and content to give CEOSs unique insights into data and trends that help them effectively lead their organizations, used the results from Q1 Trendsetter for an article on the uptick in merger and acquisition activity.

The Business Journal, 3 reasons private companies are poised for growth - and what you need to drive your business forward
July 3, 2014

An article written by Ken Esch, PCS partner and Trendsetter leader, was published in the Business Journal's digital channels as well as in the San Francisco Business Times, Houston Business Journal and Boston Business Journal. In the article, Ken discussed the Q1 Trendsetter results that indicate growth for private companies – a positive outlook, need for hiring and focus on ROI.

USA Today, Special Editions: High and Dry
June 2014

Don Wen, PCS partner and PCS Northern California Market Leader, was quoted in the story about the effect of California’s drought on farmers, business and consumers.

The National Law Journal, Tax Reform Poses Challenges for Large Firms, Accountants Say
June 23, 2014

David Gaulin, partner and co-chair of PwC’s Law Firm Services (LFS) practice was interviewed by the National Law Journal about LFS’s white paper on business challenges facing law firms if tax reform is passed.

Employee Benefit News, Beyond physical wellness
June 16, 2014

Kent Allison, PFS partner and leader of PwC’s employee financial education practice, was interviewed by the publication for the article which discusses how the growing stress in employees’ personal lives has expanded the initial aspects of wellness programs to include financial wellbeing.

May 2014

Inc., Yes, You’re Ready to Do Strategic Planning
May 29, 2014

PCS partner Ken Esch contributed to the article discussing why companies should undertake strategic planning and how to go about it.

CFOMagazine.com, Private Companies Shift into Hire Gear
May 14, 2014

Ken Esch, PCS partner and Trendsetter leader, was interviewed about the hiring that is expected this year according to the Q1 2014 Trendsetter Barometer Business Outlook.

TheStreet.com, Five Big Stories for Rest of 2014
May 8, 2014

Ken Esch, PCS partner and Trendsetter leader, was interviewed by TheStreet.com for an article about the top stories for 2014. In the story Ken explained how the majority of private US companies are in compliance with Obamacare according to the findings from Q1 2014 Trendsetter Business Outlook.

The Wall Street Journal, A Way for Businesses to Avoid 3.8% Tax
May 2, 2014

Bill Fleming, PFS managing director, contributed to the article about an estate planning strategy that can avoid the 3.8% net investment income tax. The March ruling indicates that a trustee who is also an active employee of the business can represent the trust’s “material participation” in the business. This means that income earned by the business with the help of the working trustee won’t be subject to the tax.

April 2014

US News and World Report, Helping Gen Y Declare Their Financial Independence
April, 2014

Kent Allison, PFS partner and leader of PwC’s employee financial education practice, contributed to the article about how high debt levels and lack of savings are creating financial challenges for Gen Ys. PwC’s 2014 Employee Financial Wellness Survey was used for the basis of the story.

Accounting Today, Private Company CEOs Optimistic about Economy
April 29, 2014

Ken Esch, PCS partner and Trendsetter leader, was interviewed regarding results from the Q1 2014 Trendsetter Business Outlook which shows growing CEO confidence in the US economy.

Yahoo.com, PwC: Economy gaining traction
April 29, 2014

In this online video, PCS partner and Trendsetter leader, Ken Esch, talks about the key findings from the Q1 2014 Trendsetter Barometer Business Outlook, including signs that corporate leaders are increasingly optimistic about business prospects.

Plan Sponsor, Generational Financial Health Gap Grows
April 8, 2014

Kent Allison, PFS partner and leader of PwC’s employee financial education practice, was interviewed for an article that discussed the financial health issues younger workers face. The information is one of the findings from PwC’s 2014 Employee Financial Wellness Survey.

March 2014

TimesLeader.com, Some deductions attract more IRS scrutiny than others
March 29, 2014

A Chicago Tribune article in February which quoted Brittney Saks, PFS leader, was picked up by several publications in March. The article discussed deductions which can raise red flags with the IRS.

The Daily Report, NEW PARTNERS: Everything you want to know about making partner, but didn’t ask.
March 10, 2014

Stanley Kolodziejczak, partner and co-chair of PwC’s Law Firm Services practice, was quoted in this special section of the Daily Report, a legal publication. The story provided advice to senior associates about the reality of becoming a partner in today’s law firm.

IndustryToday.com, American CEOs: Optimism Remains Stable
March 4, 2014

Ken Esch, PCS partner and Trendsetter leader, and Rich Stovsky, partner and PCS leader , discuss recent Trendsetter findings about the increasing optimism of American CEOs in light of ongoing improvements in domestic and international affairs.

February 2014

Wall Street Journal, New 3.8% Investment Tax Raises Flags
February 10, 2014

Bill Fleming, PFS managing director, was quoted as part of an article about the 3.8% net investment income tax which went into effect in 2013.

CBS Money Watch, Another month of weak job growth raises slowdown fears
February 7, 2014

Trendsetter data was included in a news story that discussed the February 7 Department of Labor report.

Wall Street Journal’s CFO Journal, Lack of Skilled Workers Hinders Hiring by Private Firms
February 4, 2014

Ken Esch, PCS partner and Trendsetter leader, was quoted as part of an article that discussed the February 7 Department of Labor report. The article also included the 4Q13 Trendsetter Barometer finding that CEO confidence is at the highest level in three years.

January 2014

CFO magazine, A New Direction for Goodwill
January 27, 2014

Kirsten Schofield, PwC partner, was interviewed for an article on the Private Company Council’s approval of new standards that will make it easier for private companies to account for goodwill.

San Francisco Business Times, Wine Industry Growth Corked
January 13, 2014

Dave Pardes, PCS director, was interviewed as part of an article about consolidation in the wine market and the acquisition of vineyards including the sale of the Beringer Vineyards.

Private Wealth, Playing Favorites
January 7, 2014

Allison Shipley, a high net worth tax specialist in PwC’s Miami office, was quoted as part of an article that discussed distributing wealth unevenly among children and the unintended consequences.