Accounts, Taxation
Business Advice
and Support

Chartered Accountants
And Registered
Auditors

image01

Business Advice
Service
Member

Book your
free consultation
today

image04

Limited Companies
Sole Traders, Charities
Academies & Partnerships

Our expertise
will help you succeed

image02

Business Start-Ups
It Starts Here
Tailored Solutions

Specialist Company
Formation Services

image03
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.

Contact Us Now
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

Passengers seek flights after Flybmi ceases operations Posted on Sunday February 17, 2019

Travellers tell the BBC they cannot get home after the UK regional airline went into administration.

Porsche warns UK customers of Brexit price rise Posted on Sunday February 17, 2019

The German carmaker asks new UK customers to agree a possible 10% price rise for post-Brexit deliveries.

Pension contribution hike to hit pay packets Posted on Sunday February 17, 2019

The potential impact on workers with auto-enrolled pensions is "quite substantial", says an expert.

How Lidl learnt to be less German in the UK Posted on Sunday February 17, 2019

Ronny Gottschlich, the former boss of Lidl, explains how the German discounter grew in the UK.

Chancellor Philip Hammond's visit to China not going ahead Posted on Saturday February 16, 2019

It comes amid reports a speech by the UK's defence secretary has caused upset in China.

The community that rejected Amazon Posted on Friday February 15, 2019

Amazon's plans for a campus in Long Island City bitterly divided a community grappling with rapid change.

'Killer car seats' sold online for £8 Posted on Saturday February 16, 2019

The illegal car seats have appeared for sale online, although sites say listings have been deleted.

RBS warns of Brexit harm as profits double Posted on Friday February 15, 2019

Profits jump at the bank, but it warns the economy faces a heightened level of Brexit uncertainty.

UK retail sales bounce back in January Posted on Friday February 15, 2019

Clothing discounts helped retail sales to rebound sharply last month, official figures show.

Which banks do customers love or hate? Posted on Friday February 15, 2019

The UK's competition body lists the top, and bottom, rated banks for customer satisfaction.

Most popular BAM articles Posted on Thursday January 01, 1970

Top hits from the last quarter in Business and Management.

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 cover equality, diversity and inclusion.

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.

Webinar resources Posted on Thursday January 01, 1970

Thank you for registering on to the Business and Management Faculty's webinar, Equality, diversity and inclusion, broadcast on 11 February 2019.

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.

Telling your story Posted on Thursday January 01, 1970

We all negotiate on a much more frequent basis than we realise but some of us are much better than others are winning arguments. David Gillespie, professional actor and coach, brings some practical tips in how to persuade people and better negotiate in this punchy twenty minute webinar.

Merits of a four day week Posted on Thursday January 01, 1970

A few organisations are considering shortening the week to four days. What are the advantages for employers?

Social media management Posted on Thursday January 01, 1970

Years spent building a reputation can be wiped out in a social media moment. Nina Bryant explores how online customer engagement can be a force for success rather than disaster.

Achieving export success Posted on Thursday January 01, 1970

Mark Blayney Stuart talks to manufacturing experts to find out about their experiences of expanding overseas and managing export growth.

Create or die – the innovation imperative Posted on Thursday January 01, 1970

The history of innovation in business shows a mix of extraordinary successes and unexpected disasters - sometimes both together, as Morgen Witzel explains.

Special report 63: Innovation Posted on Thursday January 01, 1970

Innovation is key to improving productivity and efficiency. This report covers the subject with practical and interesting articles.

Achieving work life balance Posted on Thursday January 01, 1970

In the fourth part of our Future of Work series, Peter Taylor Whiffen explores work-life boundaries and how to ensure they stay separate.

Making the most of your board Posted on Thursday January 01, 1970

Niamh Corbett of Board Intelligence shares some practical and interesting tips around ‘The Six Conversations’ your Board should be having.

Webinar: Maximising the potential of board and executive meetings Posted on Thursday January 01, 1970

How can the CFO equip their board to stimulate a more valuable conversation? This webinar took place on 03 October 2013.

Commuting and work Posted on Thursday January 01, 1970

In the second part of our future of work series, Alison Coleman explores the impact commuting has on businesses and workforces – and what solutions might lie ahead.

Practical Excel tips Posted on Thursday January 01, 1970

In this webinar, Excel guru John Tennent will cover easy shortcuts to save you time dealing with the most common problems faced by Excel users. John will cover easy identification of incorrect and misused formulae, cell styles, duplicate data and professional formatting of spreadsheets.

How the chocolate bar became a million dollar idea Posted on Thursday February 14, 2019

The BBC's Aaron Heslehurst explains how the chocolate bar became a million dollar idea.

Japan turns to tech to cut long working hours Posted on Wednesday February 13, 2019

Overwork is a longstanding problem in Japan and companies are turning to technology for solutions.

May challenged on 'rip-off' energy cap pledge Posted on Wednesday February 13, 2019

An MP reminds the PM of her call to end to rip-off energy prices, but tells her 2.5 million people were now in fuel poverty.

'I was in the taxi and he put his hand on my knee' Posted on Tuesday February 12, 2019

As taxi drivers face the prospect of extra criminal checks, one woman tells of being assaulted by her driver.

'Ideas are worthless, execution matters' Posted on Monday February 11, 2019

StockX founder Josh Luber says entrepreneurs just need to put "one foot in front of the other".

Brexit: How could it affect the fashion industry? Posted on Monday February 11, 2019

Brexit may mean buying your favourite brand could cost you more. Here's why.

747: How the jumbo jet shaped 50 years of flight Posted on Saturday February 09, 2019

Fifty years since the Boeing 747's first flight, BBC Rewind looks back on how the jumbo jet changed aviation and global travel.

The art dealer making jewellery from e-waste Posted on Friday February 08, 2019

Eliza Walter works at an art gallery, but in her spare time she makes sustainable jewellery.

Parle-G: Reinventing a biscuit empire Posted on Friday February 08, 2019

India's Parle-G ranks among the world's biggest selling biscuits but competition is heating up. Can they stay ahead?

What would you do if you were financially independent? Posted on Friday February 08, 2019

Could you live frugally so that you could be financially independent by your 40s?