Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Claudy
4.9/5.0
Google Reviews
⭐ What Clients Say About Us
See what doctors, dentists, and care providers say about working with us.
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 often combine clinical work with retail, which makes the numbers more layered than many people expect. Professional fees, product sales, stock and equipment sit alongside each other, so records need to be accurate and clearly separated.
- Mixed Income Streams: Examination fees, dispensing income and product sales can behave differently, so separating them makes reporting and tax preparation far more reliable.
- Stock and Optical Goods: Frames, lenses and contact lenses need consistent stock records so purchases, sales and remaining inventory are reflected accurately at year end.
- VAT on Mixed Supplies: Professional optical services and supplies of optical goods can attract different VAT treatment, so the position depends on each supply and the circumstances.
- Equipment and Practice Costs: Test equipment, instruments and premises costs must be recorded properly, with claims based on genuine business use rather than assumption.
- Payroll and Contractor Payments: Employed staff, locums and self-employed practitioners are paid differently, which affects payroll records, tax administration and status checks.
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.
Built Around the Needs of 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 day-to-day and year-end accounting that optical professionals and practices need, including bookkeeping, Self Assessment or Corporation Tax returns, annual accounts, payroll and VAT support where it applies. The work is shaped around optical income, stock, equipment and the way your practice is structured.
Support is available for independent opticians, optometrists, dispensing opticians, self-employed optical professionals, optical practice owners and other optical businesses. Because roles and business models differ, accounting requirements are reviewed individually rather than assumed, and sole traders, partnerships and limited companies each receive advice suited to their structure.
Yes. Locums, self-employed optometrists and dispensing opticians working as sole traders often need help with record keeping, expenses, Self Assessment and tax planning. If your circumstances change, or you later trade through a partnership or limited company, the accounting approach can be reviewed to reflect how you actually earn income.
It depends on the practice. Many need bookkeeping, annual accounts, payroll and tax administration, while VAT support and management accounts may also be relevant. Practices selling spectacles, contact lenses and other optical goods generally need records that separate professional income from product sales, so costs and margins stay clear.
Stock such as frames, lenses and contact lenses should be recorded consistently, with purchases, sales and remaining stock supported by documentation. Practice expenses, including equipment, premises, professional fees and staff costs, need to be recorded accurately and claimed only where genuinely allowable. Because treatment depends on individual circumstances, it is worth checking specific items before returns are filed.
Possibly, depending on turnover and the supplies involved. Professional optical services and supplies of optical goods such as spectacles and contact lenses can be treated differently for VAT, so registration and treatment should not be assumed. The position depends on the nature of each supply and the circumstances of the business, so it is worth reviewing carefully.
Yes. Payroll support can cover employed staff and practice teams, including optometrists, dispensing opticians and support staff, with payslips and reporting handled accurately. Payments to locums and self-employed practitioners are treated differently, so it is important to establish the correct status before payments are made.
Start by explaining how your practice or professional work operates, including your structure, income streams, any optical goods or stock and the support you need. The relevant accounting and tax requirements can then be identified, and if you are moving from another accountant, existing records can be reviewed as part of that process.