Call 0800 0016 878 - Email info@thetaxfaculty.co.uk
Professional, Multi-Award-Winning Tax Advisors & Accountants Here in Durham
Welcome to The Tax Faculty Durham, your local experts in Tax Advice, Tax Filing and Accounting. Our dedicated team provides tailored advice and filing services, ensuring a smooth and compliant process for each and every one of our clients.
Why Choose Our Tax and Accounting Services in Durham?
Local Expertise: Our in-depth knowledge of each of our local clients ensures that our advice is accurate and tailored to you.
Streamlined Processes: We simplify the complexities of tax filing and accounting, from calculating your tax liability and ensuring that any liability is at the lowest level possible while complying with the legislation, to submitting your tax returns to HMRC within the deadlines for doing so.
Personalised Support: Every client receives one-on-one consultations to ensure that they understand their specific tax circumstances.
Understanding Your Tax Affairs in Durham
Tax can be complex and it can seem like the rules change every year. Our services are designed to navigate these complexities, ensuring compliance and minimising your tax liabilities. We cover everything from accounts, computations and rates to regulations that are specific to each of our clients.
Our Accounting, Tax Advice and Tax Filing Process
Free, No-Obligation Initial Consultation: Discuss your tax situation and requirements with our experts.
Detailed Analysis: We calculate your tax liability, considering all applicable exemptions and reliefs to ensure that you pay as little tax as possible while complying with the legislation.
Efficient Filing: Our team handles all aspects of filing your accounts and tax returns, ensuring accuracy and timeliness.
*Map position is not our office address
Capital Gains Tax Expertise: The Tax Faculty LLP Managing Partner Charles Tateson Named UK Capital Gains Tax Advisor of the Year 2023
The Finance Monthly Taxation Awards recognises the achievements of tax professionals from around the globe.
Winning such an award is no small feat. It is a reflection of hard work, extensive knowledge, and an ability to navigate the intricacies of the UK tax system.
Read more about Charles and the award here.
Read our Testimonials & Case Studies
Our Locations
We provide expert tax advice to clients across the UK, and beyond.
Click on the button below to find our closest location to you.
Why choose The Tax Faculty?
The Tax Faculty LLP
The Others
Free consultations
In-House Tax Team
Specialist, Proactive Tax Advice
Fixed Fees
Aftercare Included
We prefer to get to know you and your circumstances during a free consultation so that we can identify how best to assist you.
Over £225 for 30 minutes on the telephone
You will have a dedicated Tax Faculty LLP Tax Specialist to assist you with everything that you need. No bots, no online forms. We prefer the human touch.
Reviews say that they were unhappy that they were sent to an external person who simply told them to fill in an online form with figures.
We aren't just accountants - we're Tax Professionals with years of experience working for HMRC and working for clients like you. We provide advice to reduce tax bills and solve complex problems.
Service is limited to filing tax returns unless you pay more fees for additional consultations which work out at over £450 per hour.
Once we've identified how best to assist you, we provide a fixed fee quote to carry our the work on your behalf. You will be safe in the knowledge that you will never pay more than this fixed fee.
Service is limited to filing tax returns unless you pay more fees for additional consultations which work out at over £450 per hour.
Each of our clients are provided with HMRC Fee Protection Insurance, meaning that if HMRC ask any questions, we respond on your behalf - with no added fees being charged to you.
If HMRC ask questions in relation to your tax affairs - guess what? That's right, you pay an added hourly fee for any replies to be written.
How We Work
Step One
We start with a completely free and confidential consultation. This can take place by way of a meeting (over the telephone, video meeting or in person) or by way of email. We get to know you, your circumstances and your requirements.
Step Two
We analyse your situation and your needs in order to identify how best we can assist you. This might involve filing tax returns on your behalf with HMRC, providing advice on reducing your tax liability now and in the future, or a combination of such work.
Step Three
Should you wish to engage us, we would provide you with a fixed fee quote for the work required to solve all of your tax worries. We then complete our work with the highest levels of professionalism, keeping you updated at every stage and taking the stress away.
"Tax doesn't have to be taxing" - but it often is. We can help to solve even the most complex issues.
Over the last few years, HMRC have changed the rules for reporting Capital Gains and the Capital Gains Tax due as a result of the disposal of residential properties.
Now you must file a Capital Gains Tax Return to HMRC within 60 days of the disposal of the asset, whereas before you would have been able to wait until it was time to file a Self Assessment Tax Return for the tax year in which the disposal was made.
Should you fail to report the disposal to HMRC and pay the Capital Gains Tax due as a result of the disposal within the new 60 day time limit, you may face a financial penalty.
HMRC's own website states that:
"If you sold your property after 6 April 2020 you must report and pay Capital Gains Tax within 60 days of selling property in the UK.
You may have to pay interest and a penalty if you do not report gains on property within the time limit."
Here at The Tax Faculty, our experts are here to help to ensure that you are in a position to report the correct Capital Gain to HMRC and pay the Capital Gains Tax due at the appropriate time.
We offer a full Capital Gains Tax service which includes our full consideration of the reliefs available to reduce the potential Capital Gains Tax to the minimum level possible, while remaining within the letter of the law governing such disposals.
This isn't limited to property transactions either, we also provide a full Capital Gains Tax service on the disposal of shares and other assets.
We have a proven history of reducing the final Capital Gains Tax due for our clients by considering all relevant facts and information provided to ensure that we are in a position to accurately advise on the most cost effective way of reporting the Capital Gain to HMRC.
Contact us today on freephone 0800 0016 878 or info@thetaxfaculty.co.uk to discuss how our experts can help you with any issues relating to Capital Gains Tax.
Please note, non-UK callers may need to call 0207 101 3845 if your line cannot connect to our 0800 number.
Contact Us
Contact us today on freephone 0800 0016 878 for a free consultation on all tax issues, or fill out the handy form below and we'll get back to you as soon as possible.
Alternatively, you can email us at info@thetaxfaculty.co.uk or complete the form below.
(Please note, non-UK callers may need to call 0207 101 3845 if your line cannot connect to our 0800 number)