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 bring together clinical work and retail sales, which means the numbers are rarely straightforward. Professional income, stock, equipment and staff costs all interact, and the way each is recorded can affect your accounts and tax position.
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.
Accountants for Opticians handle the day-to-day financial administration that optical professionals and practices need, including bookkeeping, annual accounts, Self Assessment and Corporation Tax. They also help with payroll, tax planning and VAT queries where relevant, and they understand how professional optical income and sales of optical goods differ.
They work with independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and other optical businesses. Support can be adapted for sole traders, partnerships and limited companies, since the accounting, reporting and tax requirements can differ depending on how the professional or business is structured and earns income.
Yes. Self-employed opticians and optometrists often need help with Self Assessment, keeping accurate records of professional income and expenses, and understanding what can be claimed. Where an individual also sells spectacles, contact lenses or other optical goods, the record keeping may need to separate professional fees from retail income. Circumstances vary, so the right approach depends on your situation.
It depends on the practice. Many need bookkeeping, annual accounts, payroll for staff and Corporation Tax support, while others may require VAT assistance or management accounts that track stock, margins and cash flow. Not every practice needs every service, so requirements are usually reviewed against how the business operates and what income streams it has.
Yes. Bookkeeping underpins accurate Self Assessment and annual accounts, and for optical businesses it often means recording professional fees alongside sales of spectacles, contact lenses and other goods. We can help set up records that keep these areas clear, along with expenses such as equipment, premises costs and staff payments. What is required depends on your circumstances.
Yes, for limited company practices we can assist with annual accounts and Corporation Tax. This typically involves reviewing income from professional services and optical goods, allowable expenses such as equipment, premises and staff costs, and any capital purchases. Filing deadlines apply, and the treatment of specific items can depend on the individual business's circumstances.
VAT can be relevant for optical businesses, but the position is not identical for every supply. Professional optical services and optical goods such as spectacles and contact lenses can be treated differently for VAT, and the outcome depends on the nature of the supply and the circumstances of the business. Registration thresholds and specific treatments should be reviewed individually.
Frames, lenses, contact lenses and other stock should be recorded accurately, as stock values affect margins, your accounts and your tax position. Business expenses such as equipment, practice premises, staff wages and professional fees should be logged with supporting records. Keeping these separate from personal spending makes year-end reporting simpler and reduces the risk of errors.
