Should a consultant solicitor form a Limited Company?

This depends on your level of fee income. Generally, if your profits exceed £50,000, a Limited Company may offer better tax planning opportunities through dividends. However, we always assess this on a case-by-case basis.

Do you understand the fee-sharing model for consultant solicitors?

Yes. We understand how fee-sharing firms operate. We know how to reconcile the net payments you receive against your gross billings and handle the VAT implications correctly.

What expenses can I claim as a consultant solicitor?

You can generally claim for costs wholly and exclusively necessary for your business. This includes your SRA practising certificate, professional indemnity insurance (if not covered by the umbrella firm), legal subscriptions, home office costs, and travel to client meetings.

SPECIALIST LEGAL ACCOUNTANTS

Online Accountants for Consultant Solicitors

Online accountants for consultant solicitors who understand the unique challenges of legal consultancy. The legal landscape is changing—more professionals are moving to consultancy for freedom and flexibility.

You're no longer just a lawyer; you're a business owner. We take the administrative burden off your shoulders, ensuring compliance while maximising your take-home pay.

50+

Legal Consultants

20+

Years Experience

5★

Client Rating

Free Consultation 01582 487594

Online accountants for consultant solicitors - professional legal accountancy services

Fee-Sharing Experts

We understand your model

Tax Optimisation

Maximize your take-home

Our Consultant Solicitors Accountants Accreditations & Professional Memberships

We are proud to be associated with leading professional organizations in the accounting industry.

ACCA

Association of Chartered
Certified Accountants

IFA

Institute of Financial
Accountants

AAT

Association of Accounting
Technicians

OUR SERVICES

How Taxwise Accountancy Can Help Consultant Solicitors

Whether you are contracting through a 'fee-sharing' firm or running your own practice, our online accountants for consultant solicitors understand the specific financial needs of the legal sector.

Compliance and Reporting

Annual Accounts Preparation: We prepare compliant year-end statutory accounts and file them with Companies House on time, every time.
Corporation Tax Return: We calculate your tax liability and prepare the CT600 return, ensuring you utilise all available reliefs.
Confirmation Statements: We handle the mandatory annual filing to keep your company on the Companies House register.

Tax and Personal Finance

Self Assessment Tax Returns: Whether you're a sole trader or company director taking dividends, we ensure you aren't paying a penny more than necessary.
VAT Return Preparation: Understanding VAT on legal services and disbursements can be tricky. We manage your quarterly returns (MTD compliant).
Tax Advice and Planning: We proactively review your income to suggest the most tax-efficient ways to draw money (Salary vs Dividends).

Business Admin and Set-Up

Limited Company Set-Up: New to consultancy? We can form your company, register you for taxes, and set up your PAYE scheme.
Business Structure Advice: Not sure if you should be a sole trader or Limited Company? We analyse your projected fee income to recommend the best structure.
Payroll and Pension: We run your monthly payroll and handle Auto Enrolment Pension duties to keep you compliant.

Mortgage and Income References

Accountants Reference and Certificates: One of the biggest struggles for consultant solicitors is proving income to lenders. We provide quick, accurate references and SA302 certifications to help you secure mortgages or rental agreements.

WHO WE HELP

Expert Online Accountants for All Types of Consultant Solicitors

Whether you're self-employed or operating through a limited company, our online accountants for consultant solicitors provide tailored support for your specific circumstances.

Self-Employed Consultant Solicitors

Receive expert guidance on Self Assessment and maximize tax savings by claiming all eligible expenses. Our online accountants for consultant solicitors ensure you're fully compliant while keeping more of your hard-earned fees.

Self Assessment tax returns
Expense optimisation
VAT registration & returns
Income references for mortgages

Get Started

Limited Company Consultant Solicitors

Efficiently incorporate your business to manage tax obligations and legal compliance. Trust our online accountants for consultant solicitors with Corporation Tax, Director's duties, and regulatory adherence.

Company formation & setup
Corporation Tax returns (CT600)
Salary & dividend planning
Payroll & pension compliance

Get Started

FREQUENTLY ASKED QUESTIONS

Common Questions from Consultant Solicitors

Our online accountants for consultant solicitors answer the most frequently asked questions about accounting, tax, and compliance in the legal consultancy sector.

Contact Our Expert Online Accountants for Consultant Solicitors Today!

At Taxwise Accountancy, we specialise in assisting solicitors working as consultants with other solicitors firms.

Let our online accountants for consultant solicitors handle your registration, compliance, and tax optimisation, allowing you to focus on your legal practice with confidence.

Schedule Free Consultation Contact Us Online

Or call us: 01582 487594