Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Burntwood
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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 practice involves more than routine bookkeeping. Professional fees, retail sales, stock and equipment each carry their own tax and record-keeping questions, and the answers often depend on how the business is structured and where its income comes from.
- Mixed income streams — Sight test fees, contact lens fittings and retail sales can behave differently for tax and record keeping, so they need separating clearly.
- Stock and inventory — Frames, lenses and contact lenses tie up money and need accurate records to support margins and credible year-end stock figures.
- Equipment and professional costs — Optical instruments, testing equipment and professional development costs can be treated differently depending on use and circumstances.
- Payroll and practice staff — Employed optometrists, dispensing opticians, reception staff and locum payments each affect payroll, tax and record keeping in different ways.
- VAT on mixed supplies — Professional services and optical goods can have different VAT treatments, so it is worth reviewing how each type of supply is treated.
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
They handle the accounting and tax affairs of optical professionals and practices, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where applicable. The aim is to keep records accurate across professional income, spectacles, contact lenses, stock and equipment, and to make sure filing deadlines and reporting obligations are met.
Support can be provided to independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and limited companies running optical businesses. Requirements differ depending on role, income and structure, so a locum optometrist's needs will not be the same as those of a practice employing staff and holding stock.
Yes. Self-employed optometrists, locums and dispensing opticians often need help with Self Assessment, allowable expenses and record keeping. Income can come from several sources, so keeping clear records of fees, travel, equipment and professional costs helps make the tax position straightforward. The exact treatment depends on individual circumstances.
It varies. Many practices need bookkeeping, payroll, annual accounts and Corporation Tax support, plus advice on stock, equipment and premises costs. Some also need VAT support where mixed supplies of professional services and optical goods are involved. A sole trader running a small practice will have different requirements from a limited company with employees and multiple income streams.
Stock such as frames, lenses and contact lenses should be recorded accurately, with purchases and sales matched where possible, so year-end figures reflect reality. Business expenses — equipment, premises, staff and professional costs — should be kept with supporting receipts. What is allowable depends on the nature of the cost and individual circumstances, so good records matter.
VAT can apply in different ways. Professional optical services and the supply of goods such as spectacles, sunglasses and contact lenses can be treated differently, and the position depends on the nature of each supply and the circumstances of the business. Registration thresholds and the specific detail of each sale also play a part, so the treatment is worth reviewing.
Yes. Payroll support can cover employed optometrists, dispensing opticians, reception and support staff, including pay, deductions and reporting obligations. Payments to locums and other self-employed contractors are treated differently and usually fall outside payroll, so it helps to keep those arrangements clearly documented and reviewed as the practice grows.
Switching is usually straightforward. Records, accounts and tax information can be transferred, and support can continue without disruption to filing deadlines. It helps to have details of your current structure, income streams and any outstanding filings to hand, so the changeover can be planned around your practice's reporting dates.