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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

Brexit: Philip Hammond to warn war chest may disappear Posted on Wednesday June 19, 2019

The chancellor will say billions he has set aside may be "soaked up" if the UK leaves the EU without a deal.

Boeing crashes: Pilot 'Sully' knows of desperate fight for life Posted on Wednesday June 19, 2019

A pilot whose story became a Hollywood film knows the panic that faced crews on Boeing's doomed aircraft.

All aboard Britain’s first hydrogen train Posted on Thursday June 20, 2019

Britain is looking to become one of the next countries to start running hydrogen-powered trains.

Boohoo's recycled clothes 'will not solve fast fashion waste' Posted on Thursday June 20, 2019

The fast fashion retailer is trying to be more sustainable, but some are sceptical.

Under-30s 'spend less than same age group in 2001' Posted on Thursday June 20, 2019

Generation X is spending less on "fun" than the same age group did in 2001, a report suggests.

US Fed opens door to interest rate cut after Trump criticism Posted on Wednesday June 19, 2019

The Federal Reserve says the economic outlook could force an interest rate cut - something Donald Trump wants.

Tesco mulls high-end 'Finest' convenience stores Posted on Wednesday June 19, 2019

The supermarket's plan rattles upmarket rival brands, sending their shares lower.

Flats out of fashion with first-time buyers Posted on Wednesday June 19, 2019

First-time buyers are keen to jump straight to a house, leading to cheaper apartment prices, experts say.

I'm in work 'but still struggling to get by' Posted on Wednesday June 19, 2019

Poverty among those who are working has risen, but many more people are now in work, research indicates.

Premier Inns sees sales slide again Posted on Wednesday June 19, 2019

The UK's largest hotel operator blames "weak trading conditions" for a fall in demand for its rooms.

How accountants can become digital leaders Posted on Thursday January 01, 1970

In this thought-provoking presentation, Warren will demystify how your future online customer is “thinking” and why every founder, business owner, and entrepreneur can digitally transform their sales and marketing using a proven methodology as a digital leader and utilise disruptive technology effectively.

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.

Are businesses too big to fail? Posted on Thursday January 01, 1970

As the failure of outsourcing giants Carillion and Interserve creates waves throughout the industry, Pádraig Floyd looks at what other businesses can do to prevent being caught in their wake

Mike Ashley profile Posted on Thursday January 01, 1970

Can self-made businessman Mike Ashley save the high street? David Craik explores why other retailers aren’t following his turnaround vision for UK retail

Climate change reporting Posted on Thursday January 01, 1970

Jonathan Labrey, chief strategy officer, IIRC, explains why integrated reporting is the corporate antidote to climate change

Influencing and persuading - Promoting your brand Posted on Thursday January 01, 1970

David Gillespie, professional actor and coach, brings some practical tips in how to promote your brand, persuade people and better negotiate.

Webinar resources Posted on Thursday January 01, 1970

Thank you for registering on to the Business and Management Faculty's webinar, Influencing and persuading: Promoting your brand, broadcast on 15 May.

Getting your financial models right Posted on Thursday January 01, 1970

Financial models are vital tools in modern business, but are highly susceptible to being ruined by their creators' bad habits. ICAEW decided to turn this situation around by developing a new code of practice.

Make company transformation a success Posted on Thursday January 01, 1970

How do businesses rise to the challenge of change? Mark Kissack and M'Bayang Thiam share their insight on making company transformation a success.

Manage change effectively Posted on Thursday January 01, 1970

This webinar explores how a reaction to change can impact an individual’s wellbeing and the difference having a positive mindset can make.

Why don't staff always do what you want them to do? Posted on Thursday January 01, 1970

How can we improve the performance of our teams? How can we make those ‘tricky conversations’ a little easier for us and them? In this evening lecture, Angus Farr will identify the three underlying reasons why staff don’t always do what you want them to do.

Make your business agile Posted on Thursday January 01, 1970

A business cannot become agile by adopting elements of its management philosophy here and there. Beth Ashmead Latham looks at the specific chain of activities that makes for a successful adoption of agility.

Anti-money laundering update: what every business needs to know Posted on Thursday January 01, 1970

This webinar will provide a timely update on recent developments in this area and how to safeguard your business.

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?

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.

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.

Worth billions but making no profit? Posted on Thursday June 20, 2019

You can't have a company worth billions of dollars and not make a profit, right? Wrong, and here's why.

Hydrogen trains: Are these the eco-friendly trains of the future? Posted on Thursday June 20, 2019

With zero emissions and water as a by-product, Tom Burridge was on board one of the test runs.

Inside Heathrow's high-tech baggage system Posted on Tuesday June 18, 2019

Heathrow's luggage system handles 180,000 items per day. Tom Burridge takes a look inside.

The factory making shoes out of plastic bottles Posted on Tuesday June 18, 2019

This Adidas factory in India makes shoes and clothes out of polyester from recycled plastic bottles.

CEO Secrets: My clubs aren't 'pale, stale and male' Posted on Monday June 17, 2019

Entrepreneur Ronald Ndoro talks about his vision for private members' clubs in the 21st century.

Carole Ghosn calls for President Trump to back her husband Posted on Monday June 17, 2019

The wife of the former Nissan boss Carlos Ghosn wants pressure put on Japan over his legal battle.

Why is building so slow and expensive? Posted on Wednesday June 12, 2019

Forward-thinking builders are looking at the ways technology can help the construction industry.

Goggles 'give back' sight to Maisy so she can read again Posted on Monday June 10, 2019

GiveVision goggles use magnifiers and augmented reality to improve the vision of the wearer

The Japanese estate agent selling 'haunted' houses Posted on Tuesday June 11, 2019

Akira has been selling 'haunted' houses for five years and has dealt with around 500 homes.

I was told to be 'less young and girly' to progress Posted on Monday June 10, 2019

Amy Golding talks about the challenges of being a young business leader for the CEO Secrets series.