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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

University students hit by wave of fake tax refund emails Posted on Saturday November 17, 2018

The UK's tax authority says thousands of reports have come in from various universities in the last month.

Johnston Press: i newspaper publisher sets out rescue plan Posted on Saturday November 17, 2018

Johnston Press plans to file for administration with its assets then immediately sold to its lenders.

Brexit turmoil: Small businesses 'fed up with the whole thing' Posted on Friday November 16, 2018

Small businesses owners give their reaction to the Brexit talks and the PM's draft Brexit agreement.

Xi Jinping: US-China trade war will produce no winners Posted on Saturday November 17, 2018

The Chinese leader's comments can be seen as a veiled swipe at Donald Trump's America First policies.

UK shares remain fragile amid Brexit turmoil Posted on Friday November 16, 2018

The FTSE 100 ends lower whilst sterling stabilises amid the political fall-out from Theresa May's Brexit plan.

Publisher pulls plug on ShortList magazine Posted on Friday November 16, 2018

Free men's mag with 500,000 circulation ends print edition as publisher focuses on Stylist.

EE and Virgin Media fined £13.3m for overcharging customers Posted on Friday November 16, 2018

Digital minister Margot James says phone and broadband firms must "play by the rules".

Rolls-Royce boss says May's Brexit deal is better than no deal Posted on Friday November 16, 2018

The boss of engineering giant Rolls-Royce says politicians must get behind a "practical plan" for Brexit.

Search starts for next National Lottery operator Posted on Friday November 16, 2018

Gambling Commission wants next operator to maximise returns to good causes after Camelot's licence ends.

Properties 'taking longer to sell' Posted on Friday November 16, 2018

Sellers typically wait more than three months before their home goes under offer.

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.

Webinar resources Posted on Thursday January 01, 1970

Thank you for registering on to the Business and Management Faculty's webinar, Team leadership and management, broadcast on 14 November 2018.

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

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

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.

Staff training Posted on Thursday January 01, 1970

Andrew Don examines the myth that continuing professional development is good for the finance team, but not 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.

Brexit update - October Posted on Thursday January 01, 1970

Dr. Stephen Davies, Director of Education at the Institute of Economic Affairs, updates us on the current political and economic situation regarding Brexit.

ICAEW reports to help SMEs Posted on Thursday January 01, 1970

The latest finance advice guides and reports designed to help small and medium-sized organisations navigate the business world.

What is your business worth? Posted on Thursday January 01, 1970

Very high prices are often paid for new companies. Are they worth it?

Probability management Posted on Thursday January 01, 1970

Matthew Leitch discusses the most interesting developments in forecasting and decision-making.

Building growth Posted on Thursday January 01, 1970

Arup chairman Gregory Hodkinson tells us about the company’s approach to business

Staff retention Posted on Thursday January 01, 1970

Benefits, perks and the latest tricks to boost staff retention

Business health checks Posted on Thursday January 01, 1970

Subjecting your business to a financial health check can be transformative if recommendations are acted upon.

Financial fraud - common red flags Posted on Thursday January 01, 1970

This webinar will explain some of the common warning signs that may indicate there is a problem and assist you to detect fraud at the earliest opportunity.

Why building digital brands is the future for finance Posted on Thursday January 01, 1970

Finance professionals work daily with new technology and financial brands must embrace the online revolution to succeed, argues Warren Knight.

Risk management: mindfulness and clumsy solutions Posted on Thursday January 01, 1970

Our helps managers in all functions who are being asked to pay more attention to the challenges of uncertainty.

Powerful and reckless Posted on Thursday January 01, 1970

Despite the best-laid plans, ventures do fail. As Matthew Leitch explains, finance professionals must resist the influence of power to keep their heads and prevent the more spectacular failures.

Strategy maps - useful tools for FDs Posted on Thursday January 01, 1970

Jonathan Teller reviews balanced scorecard gurus Robert Kaplan and David Norton's third book and concludes that 'strategy maps'are a valuable technique for finance directors(FDs).

Finance function effectiveness - Charity begins at home Posted on Thursday January 01, 1970

How do the finance directors who work in charities make the funds go further? In a tight economy, how do those at the helm maintain discipline and drive fundraising? Two FDs on the frontline of the third sector share their experiences.

How to run a successful tender process Posted on Thursday January 01, 1970

The tender process can seem complicated and time-consuming from a buyer’s perspective. In this article, David Noble advises on how to manage it effectively.

'Virgin Media charged me an outrageous sum' Posted on Friday November 16, 2018

John Jones tells the BBC he was charged a £240 contract break fee despite being with Virgin Media for seven years.

Brexit agreement: What does the 585-page document say? Posted on Thursday November 15, 2018

The BBC's Adam Fleming takes a brief look at what's in the 585-page Brexit agreement document.

Christmas adverts: Do people care about what they see? Posted on Friday November 16, 2018

Billion of pounds will be spent, but do people want to see commercial messages on their screens?

UK toymakers unveil their Christmas wish-list Posted on Thursday November 15, 2018

The UK's toymakers unveil what they hope will be this year's most sought-after Christmas presents.

Will superfast 5G mobile be worth it? Posted on Thursday November 15, 2018

Superfast 5G mobile promises lots of benefits, but will it be worth the money?

Australia animals: Making 'baby formula' for native wildlife Posted on Tuesday November 13, 2018

Wombaroo develops species-specific formulas to feed injured and orphaned wildlife.

Purple Tuesday: 'Embarrassment' of going shopping in a wheelchair Posted on Tuesday November 13, 2018

Holly Greader from Cardiff tells the BBC what going shopping is like for her as a wheelchair user.

Tech boss: 'Get trust right and you will succeed' Posted on Monday November 12, 2018

Technology incubator CEO Ben Brabyn says if new firms can gain customers' trust, they'll succeed.

What do tampons and WWI have in common? Posted on Sunday November 11, 2018

Tampons, drones and more surprising innovations from World War One that changed the world.

Gracie: Pay discrimination 'embedded' in our culture Posted on Friday November 09, 2018

Carrie Gracie, who quit as the BBC's China editor in protest over being paid less than her male peers, says pay discrimination is embedded in our culture.