Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Corby
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
Accounting for an optical practice is rarely a single, simple stream. With clinical work, retail sales and stock sitting side by side, the numbers need careful handling to stay accurate and genuinely useful.
- Income streams: Professional fees, contact lens payments and spectacle sales often arrive through different channels, so separating them clearly matters.
- Optical goods and stock: Frames, lenses and contact lenses need accurate stock records, especially where slower-moving lines tie up working capital.
- Equipment and professional expenses: Testing instruments, equipment servicing and practice consumables each carry different accounting and capital allowance considerations.
- Payroll and practice costs: Employed optometrists, dispensing opticians, optical assistants and locum cover create payroll, pension and contractor payment obligations.
- VAT on mixed supplies: Professional services and optical goods can have different VAT treatments, so the nature of each supply and the business circumstances both matter.
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 day-to-day accounting and tax work behind an optical business, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where it applies. The aim is to keep records accurate, filings on time and the numbers clear enough to support sensible decisions about the practice.
Support is available to independent opticians, self-employed optometrists, dispensing opticians, locum professionals, practice owners and partnerships or limited companies running an optical business. Because roles and business models differ, the accounting and reporting needs of each will vary, so the right approach depends on how you work and earn income.
Yes. Self-employed optometrists, locum opticians and dispensing opticians often need help with record keeping, expenses, Self Assessment and payments on account. Where you work across several practices, tracking income and allowable costs accurately becomes more involved, so organising this early can save time and reduce stress when filing deadlines arrive.
It depends on the practice. A limited company with a dispensary and staff may need annual accounts, Corporation Tax, payroll and management accounts, while a sole trader may need bookkeeping and Self Assessment only. Stock recording, equipment costs, premises expenses and VAT support are added where relevant to the circumstances.
Frames, lenses, contact lenses and consumables should be tracked so stock levels and costs stay accurate, particularly where slow-moving lines tie up cash. Expenses such as testing equipment, professional indemnity cover, practice software and premises costs should be recorded with clear supporting paperwork, since how each item is treated depends on its nature and use.
VAT can apply to optical businesses, but the treatment is not uniform. Professional services and optical goods such as spectacles and contact lenses may be treated differently, and the position depends on the nature of each supply and the circumstances of the business, including registration status. It is worth reviewing your specific situation rather than assuming a single answer.
Payroll support can cover employed optometrists, dispensing opticians, optical assistants and reception staff, including payslips, PAYE and pension obligations. Payments to locums and other contractors are treated differently and need separate handling. What is required depends on who you engage and how, so arrangements should be reviewed against your circumstances.
The first step is simply to tell us about your practice or professional work, including how you are structured and where your income comes from. From there, the relevant accounting and tax requirements can be identified and ongoing support put in place at a pace that suits you.