Accountancy Services Payroll Services Taxation VAT Services Audit & Review Work Business Set Up & Planning Company Secretarial Services Inheritance Tax Planning Chartered Accountants in East Yorkshire for Personal and Corporate Accountacy. Cameron Ferriby and Co are fully qualified chartered accountants and registered auditors. Our services are available to business or public clients. We provide accountancy advice for any service from business start-ups, company vehicle management, bookkeeping and management accounts, vat and payroll, annual accounts, pension advice and company audits. Feel free to visit our website where you can view full details on all of our services. Audit and Independent Reviews Audits and independent reviews are a statutory requirement from some companies and institutions, and many also opt to have these in order to offer reassurance to their investors/trustees that their books, records and accounting system processes are effective and controlled. The overall aim of audits and independent reviews is for the auditors to form an independent opinion regarding the completeness and accuracy of the financial statements for a given period as it involves the examination of the company's financial and supporting records. Audits and independent reviews still remain one of the most effective ways to give your business credibility. Audits and Independent Reviews can assist your business as follows: improve tax efficiency, improve management information, identify potential weaknesses or threats and ways to alleviate them, provide external reports to suit the need of stakeholders/trustees, verification of records, detection and prevention of possible fraud or error. Cameron, Ferriby and Co offer a full audit and independent review service for any business. VAT Services VAT is one of the most complex tax regimes imposed on businesses and it is so intricate that many businesses inadvertently overpay or underpay VAT. There are many areas to VAT that have to be considered: VAT Registration, VAT Planning and administration, ensuring you are using the correct VAT rates, ensuring you are using the correct scheme for your business, VAT control and reconciliation, completing VAT returns and dealing with overseas VAT issues. Cameron, Ferriby and Co can help in all of these areas and many more. Accountancy We offer a full accountancy service whether it is the preparation of accounts of a sole trader or that of a multinational business. All our clients are dealt with on an individual needs basis and we will work with you and your staff to help you monitor and control your business.
We can file your accounts with the relevant authorities within the appropriate time limits and ensure the accounts meet all the legislative guidelines which are forever changing.
The implementation of the new UK GAAP will be upon us shortly and the transition can be opted for, we are already ensuring that all of our client's records and accounts will comply with the new accounting rules and regulations. Payroll Services Payroll is one of the most crucial parts of any business operation, the government requires you to collect Tax and National Insurance (NI) under the Real Time Information (RTI) Pay as you earn (PAYE) system.
HM Revenue and Customs have a regimented penalty scheme for all businesses and individuals that fail to comply or operate their schemes correctly. Complications can include:
Processing under the RTI rules Statutory maternity and paternity pay
Student loan repayments
Processing statutory sick pay
Family tax credits
Deductions before and after tax
Dealing with staff whose pay is incorrect
Cameron, Ferriby and Co offer a full payroll service ensuring all your payroll and employee information is kept safe and secure. Alternatively we can help set up your own payroll service and be available with help and advice as and when needed. Company Secretarial Services Complying with company legislation such as the Company's Act can be very time consuming and cumbersome especially with the continuous changes in legislation. Making sure all your business documentation is filed correctly and on time as and when changes within the business occur can be very difficult, due to the fact when changes occur in a business, making sure you have filed the correct paperwork on time with Companies House is usually the last thing on the mind of the shareholders and directors.
Cameron, Ferriby and Co will do all of this on your behalf and utilising their direct link to Companies House are able to file those documents, that can be filed online, immediately. Inheritance Tax Planning What you leave behind and how to reduce or avoid inheritance tax from:
Using trusts to cut your inheritance tax
Gifts and transfer exempt from inheritance tax
Life insurance and inheritance tax
And many more Taxation Over nine million tax payers receive a self-assessment tax from, not all are self-employed, and many have other income for which they have a liability to tax. There are many ways to reduce income tax liability such as:
Ensuring allowable expenses are deducted from your income
Choosing different forms of borrowing or investment
Choosing the right savings accounts
Taking advantage of tax reliefs available on pensions or gift aid
Changing the timing of visits abroad or considering becoming non-resident to the UK
Ensuring you meet all HMRC filing deadlines
Cameron, Ferriby and Co can help in all areas of personal taxation.
Corporation tax is not only incurred by limited companies, it can also apply to other organisations such as:
Members clubs, societies and associations
Trade associations
Housing associations
Co-operatives
And many more
Cameron, Ferriby and Co can advise whether your Company or Organisation is liable to taxation. Business Start Ups Starting your own business can be one of the most rewarding things you will ever do, however it can involve a lot of hard work and effort just to get the business off the ground such as: Preparing a business plan, opening a Business bank account whether to trade as a Limited Company or not. What it should be called, where you will be located
What staff do you require? Completion of all legislative requirements in order to operate a business. Cameron, Ferriby and Co can help you with everything from organising and putting together your business plan, arranging a meeting with the bank, to forming the company and completing all the forms for Companies House. Book-keeping and Management Accounts Many small company's find keeping their accounts records up to date a difficult process often due to lack of time, which can often hinder them at times when they need to know how their business is performing.
Cameron, Ferriby and Co can assist with your book-keeping and management accounts requirements as follows:
• Preparing Monthly, quarterly or half yearly management accounts which are often useful for businesses not only to show them how the business has progressed throughout the year but will also give an idea of cash flows, working capital requirements as well as assisting lenders in continuing to provide funding. We are aware more creditors are asking for recent management information.
• Having your book-keeping completed on a monthly or quarterly basis (usually to coincide with VAT returns) can help a business to see where it can reduce its overheads and increase its profit margins as well as help it correctly see which areas/products are bringing it the most revenue. Having these Accounts prepared professionally each month or quarter ensures all the information you are relying to make decisions on is accurate and independently prepared. Auto Enrolment Are you ready for Auto Enrolment, we are and can do everything from getting you started to running your pension scheme for you. Contact us at Cameron, Ferriby & Co for further information and advice. Trading Since 1990
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