
Managing Business Expenses for Consultants
Free consultation with one of our specialists
Your Consultant Business Expenses Guide
As a consultant with private income, understanding which business expenses can legally reduce your tax bill is crucial. Our accounting services ensure you claim correctly and maximise savings.
Strategic Expense Claims
Our specialised accounting services for consultants focus on lawful expense claims, protecting you from scrutiny while reducing tax liabilities.
Here are some of the areas that we we can help you as a consultant.
- Claiming Expenses
- Should I be a Limited Company?
- National Insurance
- Tax planning
- Accounting and Tax
- Pension Schemes
- Tax Enquiry Protection
Potential Tax Savings
Proper expense management can significantly reduce your taxes. For example, a £1,000 expense could lower your tax bill by up to £630. Why not improve your financial outcome with our accounting services for consultants?
- Guidance on deductible professional subscriptions.
- Advice on family remuneration strategies.
- Expertise in motor and home office expenses.
- Assistance with complex tax allowances.
- In-depth analyses for self-employed consultants.
- Support for Limited Company trading nuances.


Personalised Tax Advice for Consultants
Collaborate with us for personalised tax advice tailored to your consultancy practice. Our Chartered Tax Advisors are adept at ensuring you claim the maximum allowable expenses, whether you’re self-employed or trading through a Limited Company, aligning with HMRC’s regulations and maintaining the integrity of your claims.
“They show a high level of integrity and I value that”
Khalid Ismail, General Practitioner of over 30 years and Senior Partner of South Lewisham Group Practice in South East London explains what he values the most from working with our Nichols & Co team and how we support their medical practice.
Get in touch
Contact us for specialist medical accountancy services for Consultants
If you’re looking to plan your finances for the future or trying to find an answer to a problem then get in touch today.
Telephone: 020 8850 3300
We’re open from 9am to 5pm Monday to Friday. We are closed on bank holidays.
News
Our latest updates
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Director’s Loan Account and Personal Expenses for NHS Consultants
A director’s loan account for NHS consultants can be used for personal expenses, but the rules matter. Learn how to use them.
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Employing Family Members Through a Limited Company
Learn how employing family members through a limited company works, what HMRC expects and how to employ relatives compliantly.
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NHS Pension Tax Planning: How the Scheme Affects Your Tax Position
NHS Pension Tax explained for consultants, GPs and doctors. Learn how the NHS Pension Scheme can affect your tax position and wider financial planning.
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Can You Use a Director’s Loan to Repay Your Mortgage?
Thinking about a Directors Loan Mortgage? Learn the tax implications, Section 455 rules and key considerations before using company funds.