Howard Hackney LLP - advisory only Chartered Accountants focussing on mid market family businesses & professional practices
Joined August 2012
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2,930 Photos and videos
Bank interest is exempt income for law firms affecting the amount of VAT that can be reclaimed. The exempt income issue is resulting in losses for law firms with significant bank interest.
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Good luck to all the finalists in the running for the National Family Business of the Year Awards 2026 which are being presented by @FamilyBizPaul and organised by Family Business United in London this evening. #FBOTY2026
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Jun 16
In business you can have three things - price, quality and speed. You often find businesses with two of these but not often all three. Where does your business fit?
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Jun 16
PE in law firms, interesting question as to whether there is an exit route in 3-4 years, or will there be the need for continuation funds? Views welcomed.
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Jun 16
In my series of bite-sized videos, I talk about the advice I typically provide to clients, advising #lawfirms and #familybusinesses. In this first video of the series, I talk about the 3 methods of profit sharing, for partners in professional practices
youtu.be/A28sXyC5yKc?si=YTY3…
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Jun 16
Is it just me or does there seem to be a slowing down of Private Equity activity for law firms?
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Jun 15
Delighted to have been one of the judges for the National Family Business of the Year Awards 2026 - tough decisions with so many credible entries too. Look forward to the winners being announced on June 17.
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Jun 15
Recent trip to Norfolk and should take just over 3 hours - Going down took over 6 hours and the return trip was over 7. Lack of infrastructure investment over the years came home to roost with poor roads, road works and plenty of other blockages -
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Jun 15
Not surprising then that businesses struggle with deliveries, travel to meetings and ultimately with productivity.
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Jun 12
Ethical and professional judgement issues are frequently very finely balanced. A few instances recently where it has proved very difficult to take a decision and care was needed to document the reasons for the decision.
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Jun 12
Long discussions in person and one of a list of concerns as to how AI can ever adopt the human perspective in sensitive discussions.
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Jun 11
In family businesses, succession planning isn’t just about passing the baton; it’s about preserving legacy and values. #FamilyBusiness #Legacy #SeekAdvice buff.ly/3VCrhfw
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Jun 11
Increasingly having client conversations around capacity with decisions being passed to the next generation to address. Difficult and complex area for all advisers to handle.
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Jun 10
Meeting with fractional IT director and a lawyer yesterday and unsurprisingly AI was on the agenda. Hearing a lot about Claude and the impact it is already having. Thoughts...
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Seemed that everyone in professional services was madly busy before April 5 and were expecting the lull of the last couple of weeks and now things seem to be as busy as it was in March!!
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Will AI ever take over and replace human judgement that experienced professionals bring to real life scenarios?
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Lots to think about and consider in terms of how the next generation of advisers, accountants and bankers are trained to do what they do.
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Has customer service really gone out of the door and do people really just do the bare minimum for the biggest return? How do ethics and values drive business and customer service? Family businesses take a much different approach to their corporate counterparts.
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In family businesses, succession planning isn’t just about passing the baton; it’s about preserving legacy and values. #FamilyBusiness #Legacy #SeekAdvice buff.ly/3VCrhfw
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In business you can have three things - price, quality and speed. You often find businesses with two of these but not often all three. Where does your business fit?
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