Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Coleby
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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 rarely fit a single accounting mould. Income may come from professional services, retail sales and scheme or insurer work, and each stream can carry its own record-keeping, tax and VAT implications.
- Mixed income streams: Professional fees, spectacles and contact lens sales are recorded differently, so income needs careful tracking by type rather than being combined.
- Stock and inventory: Frames, lenses and solutions tie up cash and must be counted and valued accurately at each year end.
- Equipment and practice costs: Testing equipment, fitting tools and premises costs need the correct treatment as capital or revenue spending.
- Payroll and subcontractors: Optometrists, dispensing opticians, reception staff and locum arrangements create varying payroll, tax and status questions.
- VAT on mixed supplies: Professional services and optical goods can be treated differently, so VAT depends on the nature of 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
They provide accounting and tax support shaped around optical work, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where it applies. This can cover professional fees, spectacle and contact lens sales, stock, equipment and practice costs, with the exact services depending on how you trade.
Support can be provided to self-employed optometrists, locums, dispensing opticians, independent opticians, practice partners and limited companies running optical practices. Each has different reporting requirements, so the accounting approach is tailored to how income is earned, how the business is structured and what records need maintaining.
Yes. Self-employed optometrists, locums and dispensing opticians usually need help with Self Assessment, expense records and bookkeeping, while those running a practice may also have stock, equipment, staff and VAT matters. The right level of support depends on your circumstances and how your income is generated.
It varies. Many practices need bookkeeping, annual accounts, Corporation Tax returns, payroll and management accounts, with VAT support where relevant. Others mainly need Self Assessment and tax planning. Stock records for frames and lenses, equipment purchases and premises costs are often part of the picture.
Yes. Limited companies need statutory accounts and a Corporation Tax return each year, and the figures should reflect professional income, optical goods sold, stock, equipment and allowable expenses. Directors may also have personal Self Assessment obligations, so both sides are usually reviewed together.
Possibly. VAT treatment depends on the nature of each supply and the circumstances of the business. Professional optical services and the supply of spectacles, contact lenses and other goods can be treated differently, and registration depends on turnover and other factors, so it is worth reviewing individually.
Yes. Switching is usually straightforward, and we can review your current records, confirm what needs to be filed and agree how the transition will work. Any outstanding returns, deadlines or VAT position are checked as part of that process.
Get in touch and tell us about your practice or your work as an optometrist, dispensing optician or optical business owner. We will discuss your structure, income streams and accounting requirements, then set out the support that fits, with clear fees and no hidden extras.