Specialist Accountants for Opticians & Optometrists
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GOS income reconciliation, VAT apportionment between exempt sight tests and taxable dispensing, stock control and owner profit extraction.
Self-assessment, IR35 status on agency work, GOC and professional fees, mileage between practices and equipment claims.
Management accounts per branch, partial exemption calculations, payroll for optical assistants and funding for new sites.
Ophthalmology and refractive surgery providers: company accounts, VAT on cosmetic versus medical treatment and capital allowances on equipment.
Incorporation reviews, capital allowances on OCT scanners and consulting room fit-out, and profit extraction planning for practice owners.
Payroll for optometrists, dispensing opticians and optical assistants, plus auto-enrolment, statutory pay and locum payments.
Cloud bookkeeping that reconciles GOS payments, private fees and retail till takings so your figures are accurate all year.
Sight tests are exempt while frames and lenses are taxable, so a mixed supply needs apportioning. We use an HMRC-acceptable method and defend it if queried.
Reports showing tests per day, dispensing conversion, margin per branch and profit trends, so decisions are based on real numbers.
Optical businesses often combine professional clinical work with the sale of optical goods, which means income, costs, stock and tax treatment can be more layered than for a purely service-based business.
GOS income, voucher values, partial exemption and dispensing margin — no explaining required.
Independents, multiples and locum optometrists each get a different service, not a template.
We use a defensible apportionment method and keep the workings ready in case HMRC asks.
One agreed monthly fee with no hourly billing and no surprises at year end.
Management accounts that show where the profit actually comes from, test by test and branch by branch.
You deal with the same qualified person every time, by phone or email, not a call centre.
We begin by getting to know your practice and understanding your unique needs. This step ensures we have a clear picture of your operations and your goals.
Based on our initial discussion, we create a personalised plan designed specifically for you. The aim is to keep everything organised and easy to follow. You can rest assured that your numbers are being handled with expert precision.
From there, we take care of the ongoing work and keep you updated with reports. You’ll always know what’s happening, and we’re always here to answer your questions, ensuring you have a clear picture of your financial health at all times.
Using the latest technology to offer customised financial strategies that help healthcare practices grow and thrive.
A dedicated accountant for opticians who understands GOS income, stock and dispensing margin.
Our team is here whenever you need guidance. We offer unlimited support to ensure your financial management is always on point.
Our team has over 100 years of combined accountancy experience.
Never Miss any deadline with our automated email reminders.
We’re an ICAEW, ACCA & AAT accredited Firm.
Take a back seat and let our expert accountants handle everything. Here’s how easy it is to get started with us:
Reach out to us, and we’ll discuss your needs and how we can help your healthcare practice thrive.
We’ll send over a simple letter to formalise our partnership and get everything in motion.
If you're switching, we’ll take care of contacting your previous accountants to make the transition smooth.
From there, sit back and relax. We’ll manage your accounts, taxes, and everything in between, keeping your practice running smoothly.
They handle the accounting and tax work connected with optical businesses, including bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where relevant. Because optical practices often combine professional services with the sale of spectacles and contact lenses, the work can involve several income streams and different record-keeping requirements.
Support is available to self-employed optometrists, dispensing opticians, independent optical practices, practice owners, partnerships and limited companies. The accounting requirements differ depending on how income is earned and how the business is structured, so the work is tailored to each professional or practice rather than applied in the same way to everyone.
It varies. Many practices need bookkeeping, payroll, management accounts and annual accounts, while others focus more on Self Assessment or Corporation Tax. Services such as tax planning, VAT support and help with business structures may also be relevant. The appropriate mix depends on your turnover, structure, staffing and the supplies you make.
Stock such as frames, lenses and contact lenses should be recorded accurately so that margins and year-end figures are reliable. Business expenses, including equipment, premises costs and professional fees, need to be documented and reviewed individually, since whether an expense is allowable depends on its nature and how it is used in the business.
Sales of spectacles and contact lenses are treated as income from goods, separate from professional fees for eye examinations or dispensing services. Keeping those income streams distinct helps with reporting, profit calculations and understanding which parts of the practice are performing well. It also supports clearer VAT analysis where it applies.
Possibly. VAT treatment depends on the nature of each supply and the circumstances of the business. Professional optical services and the supply of goods such as spectacles or contact lenses can be treated differently, and exemptions or standard-rating are not automatic. Registration thresholds also apply, so advice should be based on your specific situation.
Yes, transferring is usually straightforward. It helps to have your recent accounts, tax returns and bookkeeping records available so your position can be reviewed and any outstanding deadlines identified. Once the details are in place, ongoing support can continue without disrupting your existing reporting arrangements.
Get in touch and tell us about your practice or your work as an optometrist or dispensing optician, including how the business is structured and what kind of support you are looking for. From there, your accounting needs can be reviewed and an appropriate way forward agreed.
