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Chartered Accountants & Business Advisors.

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
Brexit
  • 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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Royal Mail had to apologise for the rise which broke Ofcom rules, but said the increase was kept to a minimum.

Ex-Autonomy boss Mike Lynch denies new US charges Posted on Monday March 25, 2019

New charges come as Mike Lynch faces a civil case in London over Autonomy's sale to Hewlett-Packard.

Invoice scams hit 40% of firms, says report Posted on Monday March 25, 2019

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What's going on with the UK economy? Posted on Sunday March 24, 2019

Employment is soaring but growth is tepid, so what should we make of the state of the UK economy?

Richard Branson calls for new Brexit vote Posted on Sunday March 24, 2019

The Virgin owner says the UK is close to 'disaster', and many leave voters had changed their minds.

The Disney-Fox giant in five charts Posted on Sunday March 24, 2019

What Disney's takeover of Rupert Murdoch's 21st Century Fox means for the industry - in charts.

Trade war: US-China to resume face-to-face talks next week Posted on Sunday March 24, 2019

The negotiations have taken longer than some had expected with contradictory comments on progress.

Jet Airways: The riches to rags story of India's oldest private airline Posted on Saturday March 23, 2019

The airline was once the shining face of Indian aviation, but now it is struggling to survive.

Is this America's most hated family? Posted on Friday March 22, 2019

Purdue Pharma has generated billions for the family that own it from selling controversial painkiller opioids.

Is Apple about to expand its TV business? Posted on Friday March 22, 2019

With iPhone sales slowing, could the tech giant be about to announce a move into subscription TV?

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

Stay up to date by attending our 2019 webinars, either at Chartered Accountants’ Hall or in the comfort of your home.

Business VAT update 2019 Posted on Thursday January 01, 1970

Neil Warren guides us through the labyrinth of VAT changes since April 2018.

Webinar resources Posted on Thursday January 01, 1970

Thank you for registering on to the Business and Management Faculty's webinar, Business VAT update, broadcast on 20 March 2019.

Essential employment issues Posted on Thursday January 01, 1970

This new ten minute webinar format is being used to deliver a series of “what you need to know” webinars on best practice for employment issues.

How to find the right NED Posted on Thursday January 01, 1970

The right non-executive directors can bring great value to board meetings, but the wrong ones can bog an organisation down in a quagmire of corporate governance, says Oliver Cummings.

How to choose the right NED Posted on Thursday January 01, 1970

Oliver Cummings of nurole.com covers the steps needed to choose the right Board member.

Defining cryptocurrency Posted on Thursday January 01, 1970

It is easy to be misled by words, especially in the conversation around cryptocurrency. Here, Matthew Leitch explains what certain terms mean, helping you avoid expensive consequences.

Change of leadership at the SFO Posted on Thursday January 01, 1970

Following a tumultuous 2018 for the Serious Fraud Office, BLM’s white-collar crime expert Iskander Fernandez addresses the agency’s recent investigations and whether a change in leadership will steady the department’s ship.

Alternatives to plastic Posted on Thursday January 01, 1970

Plastic pollution is rising to the top of the global agenda, but what’s the alternative? Alison Coleman explores how companies are adapting to survive.

How to renegotiate outsourcing contracts Posted on Thursday January 01, 1970

A seven to 10-year outsourcing deal may work well initially, but four or five years later, it may no longer be appropriate. Peter Scott outlines how to get the edge in renegotiating - and what the initial contract should include to facilitate such renegotiation.

Dealing in overseas currency Posted on Thursday January 01, 1970

This practical twenty minute webinar by Moneycorp, will cover the low cost, easy and efficient ways to help to protect against currency losses which would otherwise affect the profitability of your business.

Employment law update Posted on Thursday January 01, 1970

Beth Hale, of C M Murray solicitors, runs us through the most crucial aspects of employment law of which any FD of an SME should be aware.

Recruitment Posted on Thursday January 01, 1970

This ten minute webinar presented by ACAS, is part of a series on essential employment issues. This webinar covers recruitment.

Equality, diversity and inclusion Posted on Thursday January 01, 1970

This ten minute webinar presented by ACAS, is part of a series on essential employment issues. The first webinar covers equality, diversity and inclusion.

Most popular BAM articles Posted on Thursday January 01, 1970

Top hits from the last quarter in Business and Management.

2018 salary guide Posted on Thursday January 01, 1970

Taking a deeper look at what CFOs and FDs earn.

Making use of all your information Posted on Thursday January 01, 1970

How can we help accountants make use of all the information they generate?

What do people say about your business? Posted on Thursday January 01, 1970

Ken Schmidt details why you should be taking note about who's saying what about your business.

Accountants and data scientists - collaborating for success Posted on Thursday January 01, 1970

How can finance departments and internal audit make the most of data science? This was the main question Centrica's internal audit team and ICAEW discussed at a workshop on 15 October 2018.

Do you forecast optimistically? Posted on Thursday January 01, 1970

The pros and cons of optimistic business forecasting.

'Make people want to try harder' Posted on Monday March 25, 2019

If you have a happy workplace culture, staff will work harder, says beer firm boss Alistair Hargreaves.

Training Britons to take the jobs EU migrants are leaving Posted on Monday March 25, 2019

The firms training thousands of unemployed people to take the jobs that EU migrants are leaving behind.

Brexit fears boost British tourism Posted on Friday March 22, 2019

Uncertainty over Brexit is prompting a surge in bookings for British holidays this year.

'Pink tax': Should personal care products for women cost more? Posted on Friday March 22, 2019

Should personal care products marketed to women cost more? And is there actually any difference?

KFC's UK and Ireland boss talks about the day the chicken chain ran out of chicken Posted on Friday March 22, 2019

KFC's UK and Ireland managing director Paula MacKenzie talks about the day the chicken chain ran out of chicken.

Filipino firm Jollibee takes on US fried chicken chains Posted on Friday March 22, 2019

The battle for crispy, deep-fried chicken is on. There is a new kid in town and it is not American.

Why women's jeans are getting higher and higher Posted on Thursday March 21, 2019

Levi Strauss boss Chip Bergh talks women's jeans with the BBC's Michelle Fleury.

Future transport: How will we get around in 2050? Posted on Wednesday March 20, 2019

The push for cleaner air will mean more electric vehicles that are driverless and shared, according to experts.

Would congestion charge work in NYC? Posted on Tuesday March 19, 2019

New York could follow London by introducing a congestion charge, but will it benefit everyone?

'Don't run before you can walk' Posted on Monday March 18, 2019

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