Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Brixham
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Opticians, Optometrists and Optical Practices We Support
Independent Opticians
GOS income reconciliation, VAT apportionment between exempt sight tests and taxable dispensing, stock control and owner profit extraction.
Locum Optometrists
Self-assessment, IR35 status on agency work, GOC and professional fees, mileage between practices and equipment claims.
Optometry Clinics & Multiples
Management accounts per branch, partial exemption calculations, payroll for optical assistants and funding for new sites.
Private & Specialist Eye Care
Ophthalmology and refractive surgery providers: company accounts, VAT on cosmetic versus medical treatment and capital allowances on equipment.
Our Accounting Services for Optical Practices
Optical Tax Planning
Incorporation reviews, capital allowances on OCT scanners and consulting room fit-out, and profit extraction planning for practice owners.
Payroll & Pensions for Optical Staff
Payroll for optometrists, dispensing opticians and optical assistants, plus auto-enrolment, statutory pay and locum payments.
Bookkeeping for Optical Practices
Cloud bookkeeping that reconciles GOS payments, private fees and retail till takings so your figures are accurate all year.
VAT Apportionment for Opticians
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.
Management Accounts & Reporting
Reports showing tests per day, dispensing conversion, margin per branch and profit trends, so decisions are based on real numbers.
Key Accounting Challenges for Optical Businesses
Accounting for an optical business can be more complex than for many professional service firms because income may come from eye care services, optical goods, or both. Stock, equipment, premises, staff and differing VAT considerations add further detail.
- Mixed income streams – Professional eye care fees and optical goods sales need clear separation in your records.
- Stock and inventory – Frames, lenses and contact lenses tie up cash and need consistent stock records.
- Equipment and premises – Testing equipment, fixtures and practice premises costs need correct treatment as expenses or capital items.
- Payroll and staff – Optometrists, dispensing opticians, support staff and locums can create varied payroll and contractor payment obligations.
- VAT on mixed supplies – VAT treatment of optical services and goods depends on each supply and the business circumstances.
Why Specialist Accounting Support Matters for Optical Businesses
Real Optical Expertise
GOS income, voucher values, partial exemption and dispensing margin — no explaining required.
Built Around Your Practice
Independents, multiples and locum optometrists each get a different service, not a template.
VAT Apportionment Done Right
We use a defensible apportionment method and keep the workings ready in case HMRC asks.
Fixed, Transparent Fees
One agreed monthly fee with no hourly billing and no surprises at year end.
Clear Margin Reporting
Management accounts that show where the profit actually comes from, test by test and branch by branch.
Named Accountant, Real Answers
You deal with the same qualified person every time, by phone or email, not a call centre.
Our Simple 3-Step Process for Optical Businesses
1. Initial Consultation (It’s Free):
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.
2. Customised Plan:
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.
3. Ongoing Support & Updates:
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.
Accounting Support Built for Optical Practices
Technology Driven
Using the latest technology to offer customised financial strategies that help healthcare practices grow and thrive.
Named Optical Accountant
A dedicated accountant for opticians who understands GOS income, stock and dispensing margin.
Ongoing Support
Our team is here whenever you need guidance. We offer unlimited support to ensure your financial management is always on point.
Experienced Team
Our team has over 100 years of combined accountancy experience.
Free - Email Reminders
Never Miss any deadline with our automated email reminders.
Yes, We Are Chartered!
We’re an ICAEW, ACCA & AAT accredited Firm.
How to Join/Switch
Take a back seat and let our expert accountants handle everything. Here’s how easy it is to get started with us:
Get in touch
Reach out to us, and we’ll discuss your needs and how we can help your healthcare practice thrive.
Letter of Engagement
We’ll send over a simple letter to formalise our partnership and get everything in motion.
Previous Accountants
If you're switching, we’ll take care of contacting your previous accountants to make the transition smooth.
We Do the Rest
From there, sit back and relax. We’ll manage your accounts, taxes, and everything in between, keeping your practice running smoothly.
FAQs
Accountants for Opticians help with the financial and tax side of optical work, including bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where applicable. They can help separate professional eye care income from sales of spectacles, contact lenses and optical goods. The exact support depends on your business structure and circumstances.
Accountants for Opticians can support independent opticians, optometrists, dispensing opticians, self-employed optical professionals, optical practice owners, partnerships and limited companies. Accounting needs vary because roles differ: an optometrist may focus on clinical services, a dispensing optician may combine dispensing with product sales, and a practice may have staff, stock, equipment and premises costs to manage.
Yes. Self-employed opticians and optometrists often need help with bookkeeping, Self Assessment, expenses and record keeping. Income may come from locum work, eye care services or product sales, and each source needs to be recorded correctly. The right approach depends on your contracts, income levels and whether you also operate through a limited company.
Optical practices may need bookkeeping, annual accounts, Corporation Tax, payroll, management accounts, tax planning and VAT support where applicable. They may also need help tracking stock, equipment, premises costs and different income streams from professional services and optical goods. Not every practice requires every service; the appropriate support depends on size, structure and circumstances.
Spectacles and contact lenses are usually recorded as sales of optical goods, with the related costs of frames, lenses, stock and dispensing reflected in your books. For VAT, treatment depends on the nature of each supply and the circumstances of the business, so it is important not to assume all optical goods or services are treated the same.
Some optical businesses need to consider VAT, but the position is not identical for every supply. Professional optical services and optical goods can have different VAT treatments, and registration depends on taxable turnover and the nature of what is supplied. It is best to review your specific services, products and business circumstances rather than rely on a general rule.
Yes. Payroll support can cover optometrists, dispensing opticians, optical assistants, reception staff and other employees, including pay, deductions and pension duties. Where practices use locums or contractors, the payment and tax treatment can differ from employee payroll. The right setup depends on contracts, working arrangements and current payroll obligations.
Switching accountant can be managed by gathering your records, understanding your optical income and agreeing the support you need. The aim is to keep deadlines for Self Assessment, annual accounts, payroll or VAT on track while your accounting arrangements are transferred.