Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Dungiven
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Opticians and Optometrists 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 have a single, simple income stream. Clinical services, retail sales, stock and equipment all behave differently in the accounts, which is why accurate record keeping and a clear understanding of tax and VAT treatment matter so much.
- Mixed income streams — Eye examination fees, dispensing income, contact lens sales and locum or subcontract work can be recorded and taxed differently, so separating them clearly matters.
- Stock and inventory — Frames, lenses and contact lenses tie up cash and need consistent stock records so purchases, sales and margins are reported accurately.
- Equipment and professional expenses — Diagnostic instruments, testing equipment, indemnity cover and continuing education costs each need to be recorded and treated correctly.
- Payroll and practice staff — Optometrists, dispensing opticians, optical assistants and reception staff bring PAYE, pension and National Insurance obligations that must be managed accurately.
- VAT on mixed supplies — Professional optical services and the supply of spectacles or contact lenses can have different VAT treatments, so each supply needs separate review.
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
Accountants for Opticians handle the day-to-day financial administration of optical professionals and businesses. That can include bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support, along with tax planning and financial record keeping. The exact mix depends on whether you are self-employed, in a partnership or running a limited company.
Support can be tailored to independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. Because roles and business models differ, accounting requirements are rarely identical, so we look at how you earn income and how your business is structured before recommending anything.
Yes. Self-employed optometrists, locums and dispensing opticians typically need Self Assessment, accurate income and expense records, and a clear view of tax due on professional fees, locum work or product sales. Where you also supply optical goods, those sales and your stock records can affect the figures, so it is worth reviewing your position properly.
It varies. Most practices need bookkeeping and annual accounts, with Corporation Tax where they trade as a limited company, and payroll where staff are employed. Management accounts, tax planning, VAT support and help with business structures are also common. The right combination depends on your size, structure and how many income streams you have.
Frames, lenses and contact lenses should be tracked separately from professional income, with purchases and sales recorded consistently so margins and closing stock are accurate. Equipment, premises costs, staff costs and professional expenses each need appropriate treatment, and keeping supporting records through the year is far easier than reconstructing them later.
Sometimes, and the position is not uniform. Professional optical services and supplies of spectacles, contact lenses or other optical goods can be treated differently for VAT, and the outcome depends on the nature of each supply and your business circumstances. If turnover is approaching the registration threshold, it is worth reviewing your position.
Yes. Optical practices often employ a mix of optometrists, dispensing opticians, optical assistants and reception staff, each bringing PAYE, pension and National Insurance obligations. Payroll support can help keep payslips, deductions and reporting accurate, including where you also pay self-employed contractors for locum or associate work.
Switching accountants is generally straightforward. It usually involves letting your current accountant know and arranging for records to be passed across, with any outstanding filings brought up to date. We can talk through what is involved and what information is needed before any change is made, so you know what to expect.