Advisory Only Chartered Accountants
Who ‘Make It Happen’
Howard Hackney LLP is a new generation advisory only firm of Chartered Accountants undertaking “special projects” for mid market family businesses and professional practices.
What makes us different is:
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- We offer creative, practical solutions, considering the whole client (business, management, and individuals).
- Our advice covers a range of areas like corporate finance, tax consultancy, wealth planning, and strategic business advice, all in an integrated, holistic way, unlike the typical separated approach.
- We are sensitive to the needs and feelings of the people behind the business, using softer advisory skills.
- We help clients achieve both short and long-term goals, often ones they couldn’t reach without our assistance.
- Our goal is to make each client feel like they’re our only client. We tailor our services to their needs and don’t push products or involve ourselves in tax schemes.
- We offer creative, practical solutions, considering the whole client (business, management, and individuals).
Tweets from @HowardHackney
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Creating wealth outside of the business for the older generation is important so that they are not dependent on the performance of the business and the decisions of the next generation in later life. #SeekAdvice
Links to pensions as traditional advice has been to put company premises into the pension scheme as would be exempt IHT but things have changed significantly.
Review portfolio of pensions and strategy as full cost will be liable to IHT going forward and will be due immediately and may require sale in order to fund it. #SeeKAdvice #Review #Pensions
When some of the next generation are in the business, how do you measure the value added to the business by their activity and do you take it into account when considering the split of all assets int he future to them? #FamilyBusiness
Owners want to be fair and equal to the their kids but with different roles, in and out of the business, it is not easy and can lead to difficult conversations!
When dealing with clients with dementia, even with Power of Attorney, Court of Protection Approval is needed to pass assets from the estate so difficult emotional and practical decisions as to what to do with significant wealth, built up capital gains etc
And the time taken to get answers due to delays in getting answers from the Courts where I am told it is at least a six month wait time frame, even with the simplest questions does not help.
Best advice in circumstances like this is often to 'do nothing' but always good to seek advice #FamilyBusiness
Interesting how even in the world in which we live today that there are still so many cases where business owners believe it is right to pass the business to the son/sons rather than daughters. #FamilyBusiness
Is this something that you still see with your clients?
A high-performing partner knows when to lead and when to listen. Performance isn’t just what you close — it’s what you build. #LegalIndustry #PartnerPerformance
Creating a leadership path for the next generation fosters confidence and loyalty. Provide mentorship and responsibility at every step. #FamilyBusiness #Succession #Leadership
Great to see the banking environment getting a tad easier, especially with the likes of specialist banks like Oxbury focusing on the agricultural market. #FamilyBusiness
Isn't it amazing the legacy impact of covid when it comes to remote working and new ways of doing things - even down to having yoga classes with an instructor online from Sri Lanka
Video Bites
This is a series of bite-sized videos, where Howard talks about the advice he typically provides to clients, on his specialist areas advising law firms and family businesses.
Other Articles
Keep up-to-date with the latest articles and press releases from Howard Hackney LLP.
Virtual Coffee Breaks
The members of Mosaic Legal join together for Virtual Coffee Breaks to discuss issues facing law firms.
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