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We have been providing businesses throughout East Yorkshire with qualified accountancy and taxation advice for over 20 years. From business start-ups to established companies our team will provide you with the advice and expertise needed to assist in helping to drive your business forward.

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Chancellor Philip Hammond Has Delivered The Autumn 2018 Budget.

Key Budget Points ...

The state of the economy

  • Era of austerity is "finally coming to an end", the chancellor says
  • 2018 growth forecast upgraded to 1.6% from 1.3% last year and 1.5% in March
  • Economy predicted to grow 1.4%, 1.4%, 1.5% and 1.6% in 2019, 2020, 2021 and 2022 respectively.
  • 3.3 million more people in work since 2010
  • Wages growth at its highest in nearly a decade
  • Extra £500m for preparations for leaving the EU
  • Spring Statement next March could be upgraded to full Budget if needed
  • A commemorative 50p coin to mark the UK's departure from the EU
Stamp duty and housing
  • All shared equity purchases of up to £500,000 to be exempt from stamp duty
  • £500m for the Housing Infrastructure Fund, designed to enable a further 650,000 homes to be built
  • Lettings relief limited to properties where the owner is in shared occupancy with the tenant
  • New partnerships with housing associations in England to deliver 13,000 homes
  • Guarantees of up to £1bn for smaller house-builders
Environment and energy
  • A new tax on non-recycled plastic packaging
  • No tax on takeaway coffee cups but this will be reconsidered if the industry doesn't make enough progress
  • £60m for planting trees in England
  • £10m to deal with abandoned waste sites
Defence and security
  • An extra £160m for counter-terrorism police
  • An extra £1bn for armed forces, for cyber-capabilities and the UK's new nuclear submarine programme
  • £10m for mental health care for veterans, to mark the centenary of World War One Armistice
  • £1.7m in Holocaust education programmes to mark the 75th anniversary of the liberation of Bergen-Belsen concentration camp, in northern Germany

The state of the public finances

  • Public borrowing in 2018 to be £11.6bn lower than forecast in March, representing 1.2% of gross domestic product, (GDP) the total value of goods produced and services provided
  • Borrowing forecast to £31.8bn, £26.7bn. £23.8bn, £20.8bn and £19.8bn in next five years
  • Debt as share of GDP peaked at 85.2% in 2016-17, falling to 83.7% this year and to 74.1% by 2023-24
  • 1.2% annual average growth in departmental spending promised
Personal taxation and wages
  • Personal allowance, the rate at which people start paying income tax, to rise from £11,800 to £12,500 in April - a year earlier than planned
  • The higher rate income tax threshold to rise from £46,350 to £50,000 in April
  • Fuel duty to be frozen for ninth year in a row
Welfare and pensions
  • Work allowances for universal credit to be increased by £1.7bn
  • 2.4 million working families with children to benefit by £630 a year
  • An extra £1bn to help welfare claimants transfer to new consolidated benefit
Business and digital
  • New digital services tax on UK revenues of big technology companies, from April 2020
  • Profitable companies with global sales of more than £500m will be eligible
  • Private finance initiative (PFI) contracts to be abolished in future
  • New centre of excellence to manage existing deals "in the taxpayer's interest"
  • Annual investment allowance to be increased from £200,000 to £1m for two years
  • Contribution of small companies to apprenticeship levy to be reduced from 10% to 5%
  • Business rates bill for companies with a rateable value of £51,000 or less to be cut by third over two years
  • Measure to benefit 90% of independent companies, cutting bill by £8,000
  • £900m in business rates relief for small businesses and £650m to rejuvenate High Streets
  • New mandatory business rates relief for all lavatories made available for public use, whether publicly or privately owned
  • Extending changes to the way self-employment status is taxed, from the public sector to medium and large private companies, from 2020

Payroll Services

We offer a full payroll service for your business, which offers many advantages to you and your business. We will ensure that all requirements under the new Real Time Information (RTI) system are being met by your business. Alternatively we will assist in the setting up of your own payroll service advising on the best software for your needs and how to operate it.

Company Audits

Audits and Independent Reviews still remain the most valuable means of giving your business credibility as they assist in the improvement of management information, provide reassurance for stakeholders and/or trustees, and can identify potential weaknesses and how to alleviate them. Audits and reviews give businesses an independent opinion regarding the completeness and accuracy of their financial statements for a given period.

Banking Advice

Cameron, Ferriby & Co has a long established and respected place in the local banking fraternity and will work with you and your business to establish its banking needs ensuring you are receiving the best service the business banking sector has to offer.

Specialist Service

Take a few minutes to visit our video media page where you can watch a range of selected videos, catch up on Chancellor statements and budget speeches as well as more details on why using an ICAEW Chartered Accountant is important to your business. great with a coffee!

Visit our media page

Client Testimonals

Live Business & Financial News

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Digital transformation Posted on Thursday January 01, 1970

Digital transformation was the key theme during ICAEW’s Academy of Professional Development sponsored panel session at The CFO Agenda conference. Gathered speakers noted that while limbering up for artificial intelligence is essential, a business can’t run before it can walk.

Make the most of marketing Posted on Thursday January 01, 1970

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The future of social care Posted on Thursday January 01, 1970

In the past five years, 400 care homes have closed. With local authority social care spending slashed by half in just a decade, Peter Taylor-Whiffen asks how care providers can turn a profit – and help safeguard vulnerable residents.

How to fund your SME Posted on Thursday January 01, 1970

Jon Scopes details the key lessons learned at an SME funding masterclass ran by the Northern Powerhouse Investment Fund and ICAEW.

How to manage rapid growth Posted on Thursday January 01, 1970

Nick Pollit explores how businesses can effectively manage rapid growth.

Getting out of your comfort zone Posted on Thursday January 01, 1970

Nick Pye discusses the dangers of staying in your comfort zone and outlines why businesses should aim for the 'STRETCH' zone.

How climate affects accountants Posted on Thursday January 01, 1970

Climate change is now higher up on the political agenda, but what does this mean for accountants and businesses? Rachel Underhill explains.

Business and Management Faculty webinars and events Posted on Thursday January 01, 1970

View our upcoming webinars and events.

Getting your financial models right Posted on Thursday January 01, 1970

Financial models are vital tools in modern business, but are highly susceptible to being ruined by their creators' bad habits. ICAEW decided to turn this situation around by developing a new code of practice.

Influencing and persuading - Promoting your brand Posted on Thursday January 01, 1970

David Gillespie, professional actor and coach, brings some practical tips in how to promote your brand, persuade people and better negotiate.

Managing difficult situations and conversations Posted on Thursday January 01, 1970

This webinar provides simple and effective techniques to stay poised and resolve difficult situation.

Economic update 2019 Posted on Thursday January 01, 1970

Dr Stephen Davies returns to give an update on the UK economy.

Marketing for Finance Posted on Thursday January 01, 1970

Marketing top tips for finance professionals.

An introduction to data science Posted on Thursday January 01, 1970

Hear first-hand the benefits of data science for accountants and learn how to get started using data to identify patterns, make predictions and automate decision making.

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Facial recognition technology aims to cut passport queue times Posted on Friday August 23, 2019

The UK Home Office is considering a system which would let you walk through immigration without showing your passport.

How bingo became a million dollar idea Posted on Friday August 23, 2019

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'If you say you're ethical, you have to back it up' Posted on Wednesday August 21, 2019

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