
Strategic Tax Planning for Consultants
Free consultation with one of our specialists
Personalised Consultant Tax Planning
Effective tax planning for consultants varies greatly based on individual circumstances. We address common and complex queries with bespoke advice.
Navigating Consultants’ Tax Queries
From paying family salaries to understanding dividends, we guide consultants through the intricacies of tax planning, ensuring clarity and tax efficiency.
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
Benefits of Expert Tax Planning
With targeted tax planning, you can enjoy a range of benefits, including lawful income splitting, optimal use of allowances, and strategic company structures for tax mitigation.
- Smart income allocation with spouses.
- Dividend strategies for family shareholders.
- Capital gains tax advice on company wind-down.
- Mortgage interest deductions for company-owned property.
- Regular dividend distributions to avoid ‘money box’ scrutiny.
- Professional advice on property portfolio tax planning.


Tailored Tax Solutions
Our tax planning services for consultants are not one-size-fits-all. We delve into your unique professional and personal financial details, developing a plan that maximises tax benefits, from salary structuring to retirement planning, while ensuring full compliance with current tax legislation.
“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
-

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.
-

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.
-

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.
-

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.