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 practices rarely run on a single, simple income stream. Examinations, goods and retail sales each carry their own record-keeping and tax implications, which is why straightforward bookkeeping can quickly become more involved than expected.
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 look after the bookkeeping, accounts and tax affairs of optical professionals and practices. That can include preparing annual accounts, Self Assessment or Corporation Tax returns, running payroll, keeping records for stock and equipment, and advising on business structure and VAT where it applies to your supplies.
Support is available for independent optical practices, self-employed optometrists and locums, dispensing opticians, practice owners, partnerships and limited companies. Because these roles and structures differ, accounting requirements are not identical, and the right approach depends on how you earn income and how your business is set up.
Yes. Self-employed optometrists, locums and dispensing opticians often need help with record keeping, expenses and Self Assessment, including how income from different practices is reported. Sole traders and partners have different filing obligations from limited companies, so advice is tailored to your circumstances.
It varies. Many practices need bookkeeping, annual accounts, payroll and tax returns, plus management accounts if they want clearer figures. Practices holding stock, equipment and multiple income streams may also need VAT support and help separating professional fees from sales of spectacles and contact lenses.
Yes. Bookkeeping can be kept up to date through the year so Self Assessment is less of a scramble, with records covering professional fees, sales of optical goods, stock purchases, equipment, premises costs and other expenses. What counts as allowable depends on individual circumstances.
Spectacles and contact lenses are goods your practice sells, so the income and related stock purchases are recorded as trading activity rather than professional fees. For VAT, goods and services can be treated differently, so the position depends on the nature of each supply and your business circumstances.
VAT depends on your turnover and the nature of your supplies. Professional optical services and the sale of spectacles, contact lenses and other goods can be treated differently, and exemptions or standard-rating apply in different situations. Treatment should be reviewed against your own circumstances rather than assumed.
Switching accountants is usually straightforward. Once you get in touch, the records and information needed to take over your bookkeeping, accounts and tax filings can be discussed, and the changeover handled so deadlines are not missed. It helps to have your latest accounts and tax returns available.
