Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Burton-on-trent
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Optical Professionals and 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
Optical businesses combine clinical work with retail, which makes the figures less straightforward than they first appear. Income arrives from several directions at once, and each stream can bring its own accounting, stock and tax considerations.
- Mixed Income Streams: Professional fees, voucher income and retail sales behave differently in the accounts, so each needs to be recorded and reviewed separately.
- Stock and Inventory Control: Frames, lenses and contact lenses tie up cash, and accurate stock records are needed to value closing stock and monitor margins.
- Equipment and Professional Costs: Diagnostic instruments, testing equipment, software and indemnity cover must be correctly split between capital and revenue expenditure.
- Payroll and Contractor Payments: Locums, dispensing opticians and support staff are often engaged in different ways, each with its own payroll or reporting implications.
- VAT on Mixed Supplies: Professional services and optical goods can have different VAT treatments depending on the nature of each supply and the circumstances of the business.
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 work that sits behind an optical business. That typically includes bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where it applies, along with advice on stock, equipment, premises costs and business structure. The exact service depends on how the individual or practice is set up and what it needs.
Independent optical practices, optometrists, dispensing opticians, self-employed locums and practice owners, whether trading as a sole trader, in partnership or through a limited company. Because roles and business models differ, the accounting and tax requirements are reviewed individually rather than treated as though everyone works the same way.
Yes. Self-employed optometrists, locums and dispensing opticians usually need help with record keeping, allowable expenses, Self Assessment and payments on account. It is also worth reviewing whether the current structure still suits your working arrangements, since that affects how income and costs are reported.
It depends on the practice. Many need bookkeeping, annual accounts, payroll and tax administration, while others also need management accounts, tax planning or VAT support. Practices selling spectacles, lenses and contact lenses alongside professional services often need extra help separating income streams and recording stock accurately.
Frames, lenses, contact lenses and accessories are trading stock, so purchases, sales and closing stock values need consistent recording to give an accurate profit figure. Business expenses such as equipment, software, professional indemnity cover and premises costs should be backed by records, with capital and revenue items treated appropriately.
Possibly. VAT treatment depends on the nature of each supply and the circumstances of the business. Professional optical services and supplies of optical goods can be treated differently, and mixed supplies need careful accounting. Registration also depends on turnover against the relevant threshold, so it is worth reviewing your position properly.
Yes. Payroll support can cover employees such as dispensing opticians, optical assistants and reception staff, including PAYE, real time reporting and pension duties. Where practices engage locums or other contractors, the tax and reporting position is reviewed separately, as it can differ from standard employment.
Usually, yes. Switching is generally a straightforward process, and we can liaise about the handover of records so the change does not disrupt your reporting deadlines. It helps to plan the move around your accounting period, and any outstanding filings should be brought up to date first.