Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Burnham-on-sea
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Opticians, Optometrists and Optical Businesses 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
Optical businesses combine clinical work with retail, which creates accounting details that a generalist may overlook. Several recurring areas tend to cause difficulty, particularly where professional income, stock and goods are all recorded together.
- Mixed income streams: exam fees, spectacle sales, contact lens schemes and locum work each need separate tracking to reveal profitability.
- Stock control: frames, lenses and contact lenses tie up cash and need accurate valuation, particularly for slow-moving or discontinued lines.
- Equipment and professional expenses: testing equipment, diagnostic instruments and continuing professional development costs need correct treatment in the accounts.
- Premises and staff costs: practice rent, business rates, optical assistant wages and contractor payments all need accurate recording and reporting.
- VAT considerations: professional services and optical goods such as spectacles and contact lenses can attract different VAT treatment depending on the supply.
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 handle the day-to-day financial admin behind an optical business, from bookkeeping and payroll to annual accounts, Self Assessment, Corporation Tax and VAT support where applicable. They also help owners understand how professional fees and optical goods affect overall profitability and tax position.
Support is available for independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and other optical businesses. Sole traders, partnerships and limited companies can all be helped, although the accounting and tax requirements differ depending on how each professional or business is structured and earns income.
Yes. Self-employed opticians and optometrists typically need support with record keeping, allowable expenses and Self Assessment, including work across more than one practice or locum arrangements. Sole traders and partners have different reporting requirements from limited companies, so the approach is tailored to how you actually work.
Most optical practices need bookkeeping, payroll, management accounts and annual accounts, along with help on stock, equipment and premises costs. Additional services such as Self Assessment, Corporation Tax and VAT support depend on the structure of the business and the mix of professional services and optical goods it supplies.
Yes. Bookkeeping can be kept up to date throughout the year so that income from eye examinations, spectacles, contact lenses and other supplies is recorded accurately. Self Assessment support covers allowable expenses, payments on account and filing deadlines, with the exact position depending on your individual circumstances.
Yes, for practices trading through a limited company. Annual accounts and Corporation Tax computations need to reflect professional income, retail sales of optical goods, stock, equipment and practice costs. Deductions and reliefs depend on the specific circumstances, so each set of accounts is prepared and reviewed on its own merits.
Many do, and it is not always straightforward. Professional optical services and goods such as spectacles and contact lenses may be treated differently for VAT depending on the nature of the supply, so registration and treatment depend on the circumstances of the individual business rather than a single rule.
Yes, switching is usually straightforward. A change of accountant involves transferring records, confirming the position with HM Revenue & Customs and making sure deadlines continue to be met. Existing bookkeeping and accounts are reviewed so the transition is planned around your practice's reporting timetable.