Top 40 Under 40 NextGen Accountants 2024
Citywealth is pleased to present its Top 40 Under 40 NextGen Accountants list for 2024. Please note that any marketing of this content is not permitted at any time without a marketing license, as per our Terms & Conditions. This includes advertisement of inclusion in this list. To purchase a marketing license, please contact Marisa Barton.
Succession in families is an important topic in itself, but in business it is similarly a hot topic. As retirement looms for a large segment of the private wealth industry, the ‘next gen’ need coaching and face-to-face experience with clients to prepare to take over the helm. Accountancy and tax are hard to understand topics for many UHNW clients and therefore considerable trust is put into their accountants. It involves not just estate and business planning but double taxation problems and strategy to consider spread out families, their spending, and their estates. Many people underestimate the skills required, but dealing with the HMRC or IRS is not for the faint hearted. With rules and governments changing constantly country by country, it is the foolhardy client who leaves their estate drifting. Time deadlines approach: declarations must be made, or penalties will be paid. In the grand plan of investments and ROI (return on investments); taking a hefty tax penalty strips an estate or person of much income.
Culture is also important when choosing an accountant or whether to move to a new one – what is it you need? Entrepreneurial help? Giving? Problems with a tax disputes? Management of an estate plan to benefit from grants? Whatever your questions, it helps to engage your own thoughts and use your skill in selecting an accountant. Word of mouth can work in some respects but can also go horribly wrong, if for instance there is a large estate and an inexperienced accountant managing it. Scale requires different skills and experience as there can be tax consequences. With that, Citywealth is delighted to introduce our curation of the best up-and-comers in the industry for 2024. Those who work with landed estates and leading entrepreneurs and are aware of the issues that they will face.