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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

UK tech firm Blippar collapses into administration Posted on Tuesday December 18, 2018

One of the great hopes of the UK tech sector, Blippar, collapses following a funding dispute.

Victoria Beckham fashion firm's losses deepen Posted on Tuesday December 18, 2018

The fashion label started by the former Spice Girl reports another loss and pledges to cut costs.

Overdraft woes: 'We were one bill away from disaster' Posted on Tuesday December 18, 2018

A mother tells of her financial struggle as the City regulator outlines plans to simplify overdraft fees.

BA to resume flights to Pakistan Posted on Tuesday December 18, 2018

Flights will restart more than 10 years after it halted services following a major hotel bombing.

Energy plans may cut £45 a year from bills Posted on Tuesday December 18, 2018

Proposals by the regulator would lead to lower returns for investors, but save customers money.

UK accountancy firms face major overhaul under new plans Posted on Tuesday December 18, 2018

Regulator says 'robust reform' of the audit market is needed after high-profile company failures.

Jaguar Land Rover struggling to return to top gear Posted on Tuesday December 18, 2018

Britain's largest carmaker faces a difficult year amid fears that big job cuts are on the way.

Former CBS boss Les Moonves denied $120m exit pay Posted on Tuesday December 18, 2018

US broadcaster refuses Les Moonves' severance deal following claims of sexual misconduct.

Asos profits hit by fashion price-cutting Posted on Monday December 17, 2018

The online fashion giant says cutting prices to match rivals has not shifted more clothes.

France to introduce digital tax in new year Posted on Monday December 17, 2018

France is to introduce its own tax on big technology firms from 1 January after EU-wide efforts stalled.

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.

Business and Management Faculty 2018/2019 webinars and events Posted on Thursday January 01, 1970

Stay up to date by attending our 2018/2019 webinars, either at Chartered Accountants’ Hall or in the comfort of your home.

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.

Webinar resources Posted on Thursday January 01, 1970

Thank you for registering on to the Business and Management Faculty's webinar, Practical Excel tips, broadcast on 6 December 2018.

Women in Finance Posted on Thursday January 01, 1970

The Women in Finance Network aims to share experiences and help members with personal development.

Register now Posted on Thursday January 01, 1970

Event details.

Stats skill in Excel - Waterfall graphs Posted on Thursday January 01, 1970

Our Excel expert, John Tennent, talks us through the Excel tools to create visually impacting charts that assist in understanding the cumulative effect of sequential results.

Artificial intelligence's impact on finance Posted on Thursday January 01, 1970

With fears that artificial intelligence could take away jobs from finance, Matt Weston looks at how it is potentially changing hiring for the better.

Profiling your company image Posted on Thursday January 01, 1970

A culture deck is a series of slides created to describe a company’s culture and behaviour in order to sell itself to potential and current employees. Brett Putter explores how to make your culture deck more appealing.

Corporate gift or business bribe Posted on Thursday January 01, 1970

In the corporate world a present could be the difference between improving a working relationship and offending a client. But why is it so important for businesses to be aware of being accused of bribery? David Adams explains.

Team leadership and management Posted on Thursday January 01, 1970

Richard Jenkins talks us though the best approach to adopt and how to work to create effective teams.

Bring your own devices policy Posted on Thursday January 01, 1970

Mark Taylor of the IT faculty explains the pros and cons of adopting BYOD and runs through practical tips for developing effective a BYOD policy.

'If you can do something yourself, do it yourself' Posted on Monday December 17, 2018

Ariel Booker, co-founder of CanO Water, says many firms often spend money unnecessarily on things that won't help them.

Brexit Basics: The single market explained Posted on Sunday December 16, 2018

Confused by Brexit jargon? Reality Check unpacks the basics.

How traffic lights became a million dollar idea Posted on Friday December 14, 2018

The BBC's Aaron Heslehurst explains how traffic lights became a million dollar idea.

Branson: Hard Brexit would torpedo some Virgin firms Posted on Friday December 14, 2018

Sir Richard Branson has spoken out against a hard Brexit, warning it would be "an absolute disaster".

Virgin Galactic's SpaceShipTwo: The view from the edge of space Posted on Friday December 14, 2018

Virgin Galactic's SpaceShipTwo rocket ship has made a successful test flight, 82.7km above the Earth's surface.

Could light bring us superfast mobile broadband indoors? Posted on Thursday December 13, 2018

Superfast 5G mobile connectivity may not be able to reach inside buildings. Could light help?

Love Islanders' Instagram tips on how to make money from #ad Posted on Tuesday December 11, 2018

Each paid post is making reality TV stars like Paul Knops and Jamie Jewitt hundreds of pounds - but how?

'The wrong investors can lead to meltdown' Posted on Monday December 10, 2018

Choose investors carefully as "the wrong ones can lead to meltdown", says CEO Nikolay Piriankov.

How crisps became a million dollar idea Posted on Friday December 07, 2018

The BBC's Aaron Heslehurst explains how crisps became a million dollar idea.

Nokia's lightning-quick 5G demo: A glimpse of the future? Posted on Monday December 10, 2018

Could 5G connection speeds demonstrated by Nokia in Riga, Latvia, be replicated in the real world?