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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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Stagecoach calls for inquiry after rail bid document leak Posted on Friday April 19, 2019

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Pet insurance payouts hit record of £785m Posted on Friday April 19, 2019

The rising cost and sophistication of veterinary treatments is pushing up the size of claims.

National Enquirer sold to US magazine distributor Posted on Friday April 19, 2019

The tabloid has been embroiled in recent high-profile scandals involving Donald Trump and Jeff Bezos.

Debenhams boss Bucher steps down Posted on Thursday April 18, 2019

He says it is "time to move on" following the takeover of the struggling retailer by its lenders.

Pinterest shares soar in stock market debut Posted on Thursday April 18, 2019

Shares in the online scrapbook company surge 28% on its first day on the New York Stock Exchange.

ConocoPhillips sells off UK North Sea assets for £2bn Posted on Thursday April 18, 2019

The oil and gas giant sells its North Sea assets to private equity-based Chrysaor for £2bn.

Retail sales boosted by mild weather in March Posted on Thursday April 18, 2019

Sales grew well ahead of expectations last month, hitting the fastest annual pace since October 2016.

Crossrail 'could be delayed until 2021' Posted on Thursday April 18, 2019

The start date for London's new Elizabeth Line could be pushed back again, sources tell the BBC.

Facebook copied email contacts of 1.5 million users Posted on Thursday April 18, 2019

The social network was grabbing email contacts of some new users for almost three years, it says.

GDPR update Posted on Thursday January 01, 1970

Louise Marshall, solicitor and GDPR expert, provides a quick update on GDPR, highlights any pertinent case law and points out pitfalls that businesses need to avoid to ensure GDPR compliance.

Webinar resources Posted on Thursday January 01, 1970

Thank you for registering on to the Business and Management Faculty's webinar, GDPR update, broadcast on 17 April 2019.

Retail therapy Posted on Thursday January 01, 1970

Helping revolutionise Selfridges gave Peter Williams a reputation as a turnaround expert. Christian Doherty finds there’s more to him than corporate paramedic – but in an economy that refuses to recover, his lessons are valuable to all FDs.

M&A and the CFO Posted on Thursday January 01, 1970

Successful integration requires a careful examination of people, systems and data – just the sort of insight FDs can bring to the table, reports Beth Ashmead Latham.

Alternatives to plastic part 2 Posted on Thursday January 01, 1970

Alison Coleman speaks to a range of companies about how they are combatting the plastic problem while still turning a profit.

Design your online marketing strategy Posted on Thursday January 01, 1970

An astounding 76% of business owners don’t have a strategy for online marketing. Make sure you’re in the 24% that do with this handy guide from Think Digital First’s Warren Knight.

Special report: Risk management - a guide for finance professionals Posted on Thursday January 01, 1970

An update on the basics of risk, with a look at issues in risk management today and a summary of the best resources.

Special report: Internal control from a risk-based perspective Posted on Thursday January 01, 1970

This special report looks at internal control from a risk-based perspective, with reference to contemporary events.

Special report - Strategic planning Posted on Thursday January 01, 1970

A special report on strategic choices, the role of the finance director and the core elements of corporate strategy.

The marketing and finance relationship Posted on Thursday January 01, 1970

As technology is changing the way we work, so the relationship between marketing and finance needs to evolve for continued success. Chris Lawson explores ways to put this into action.

Doing fast fashion sustainably Posted on Thursday January 01, 1970

Fast fashion presents a rare success story amid the UK’s tricky retail climate. Lucy Douglas explores how retailers maintain profitability despite sustainability concerns.

The business administration process Posted on Thursday January 01, 1970

Business is easy – as long as your assets exceed any liabilities. But what happens when they don’t? Pádraig Floyd explores the unsettling subject of administration.

Cyber strategy Posted on Thursday January 01, 1970

Neil Hare-Brown looks at the various ways boards should be empowering effective cyber risk management.

Business VAT update 2019 Posted on Thursday January 01, 1970

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

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.

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.

Electric truck maker Rivian says the company is more than just hype Posted on Friday April 19, 2019

Electric truck maker Rivian attracts attention on social media, from investors and even celebrities. But at the New York Auto Show the boss says the firm's about more than hype.

Jet Airways: Taking the last flight of India's stricken airline Posted on Thursday April 18, 2019

The prominent Indian airline has run out of cash and suspended all its flights.

The workers juggling careers and caring Posted on Thursday April 18, 2019

Two women share their stories of juggling senior jobs and being home carers.

The robot that tidies up bedrooms Posted on Wednesday April 17, 2019

Robots are good at repetitive tasks but struggle with new objects. Can they be trained to overcome that?

Why jobs are dominating the Indian election Posted on Tuesday April 16, 2019

By some estimates India needs to create eight to ten million jobs each year to tackle rising unemployment.

VW boss 'not aware' of China's detention camps Posted on Tuesday April 16, 2019

VW chief executive Herbert Diess tells BBC he is "not aware" of reports of detention camps in China.

What does the world's largest single-building airport terminal look like? Posted on Monday April 15, 2019

Beijing's new Daxing airport will have the world’s largest terminal housed in a single building, officials claim.

Nextdoor CEO: 'Customers bring some of the best ideas' Posted on Monday April 15, 2019

Sarah Friar, CEO of community website firm Nextdoor, says customers bring some of the best ideas.

Hammond: European elections a pointless exercise for UK Posted on Friday April 12, 2019

Philip Hammond told the BBC that getting a deal done soon would release the "bandwidth" needed to take key economic decisions facing the country.

Would you sort your rubbish into seven different bags? Posted on Friday April 12, 2019

A city with impressive recycling credentials has a unique waste system involving seven coloured bags.