74 | Tees Business
Law firm reveals
growth and
development
strategy
New strategy – Tilly
Bailey & Irvine Law
Firm managing
partner Carolyn Tilly
(right), HR advisor
Emma Porteous
and partner Craig
Malarkey.
T
illy Bailey & Irvine Law Firm has
cemented its commitment to clients
and its team with the launch of a new
strategy, which includes investment in
expansion and training.
TBI, which has offices in Hartlepool,
Wynyard, Stockton and Barnard Castle,
presented plans to its 182-strong team in a
special event.
Managing partner Carolyn Tilly said: “We
have always been in it for the law, which
has helped us to grow to be one of the
largest law firms in the North East, serving
clients in the region and nationally.
“We know that the market is rapidly
changing with clients’ expectations evolving
and technological innovation accelerating,
so our new strategy will help us work to
be The Best in Law for our clients and
colleagues.”
The strategy, which prioritises clients,
processes and learning and culture, was
developed over a nine-month project
working with Jonathan Lamb of Spurr
Consulting, and has a strong focus on its
team, its development and expansion.
Partner Craig Malarkey said: “A strong,
happy, knowledgeable team is the best
foundation for a successful firm, so we
want to build on that by committing to
training and development across the team.
“We are also investing in robust
leadership, agile working and striving to
provide a supportive work-life balance
that’s built for the modern world, leading
to a happier team and ultimately happier
clients.”
Emma Porteous, HR advisor for the
firm, said: “Every department in the firm
was involved in shaping the strategy,
meaning there were some incredible
ideas and suggestions, not just in how we
work with clients but in how our support
teams can play their part in making us
#TheBestInLaw.”
TBI is the largest full-service firm of
solicitors in Teesside, assisting clients
in personal injury, wills and probate,
corporate and commercial, criminal and
family law matters. Call 0333 444 4422.
Predicting this year's Budget
Ian Kelly of Davies Tracey discusses what might attract the Chancellor’s interest over
the next few months, and advises on pre-emptive actions to consider.
Brexit. It’s safe to say, this word won’t
disappear any time soon. Had the UK left
the EU as intended in March then we may
have had a ‘post-Brexit Budget’ by now,
and of course one might follow quickly
after the next scheduled leave date of 31
October, although that date is very close
to the 2019 Budget date of 29 October.
Although it's early to predict what might
feature in this year’s Budget, here are
some things that might attract the
Chancellor’s interest over the next few
months.
1. Annual Investment Allowance
This has a ‘temporary’ £1 million limit up
to 31 December 2020. It might be worth
considering accelerating any planned
spend.
2. Entrepreneurs’ Relief (ER)
The 2018 Budget tightened this relief’s
conditions and made them effective from
6 April 2019. Many think the 10% Capital
Gains Tax rate is fair but the £10 million
threshold for lifetime gains too generous.
If planning to use ER, look to have the sale
process underway before Budget Day.
3. Pension Tax Relief
The abolition of higher rate tax relief has
become a perennial tip for the chop and
yet it still survives. This could be the year
it goes, or a National Insurance (NI)
liability night be introduced on employer
contributions. It is sound advice to pay
any lump sum premiums ahead of the
Budget.
4. Dividend Allowance
This has reduced from £5,000 to £2,000
and was expected to bite the dust last
year but survived. This might see changes
this time around and/or there might be a
NI charge on close company dividends.
We would predict it's time for an earlier
than expected review of dividend policy.
I could go on, covering Capital Gains Tax
and Self-employed NI Contributions to
name a few. Talk to your accountant to
ensure they are thinking ahead on your
behalf.
For accountancy, tax planning
and business advice...
You're in safe hands with us!
Our specialist tax team offer vast
experience in providing a confidential,
reliable and tailored service.
For a FREE, no obligation, initial
consultation contact us on
01642 606003
www.daviestracey.co.uk
[email protected]
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Teesdale Business Park,
Stockton-on-Tees, TS17 6BP
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