Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Hungerford
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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. Professional fees, retail sales, stock, equipment and staff costs all need accurate recording, and the correct treatment often depends on how the business is structured and how each supply is made.
- Mixed income streams: professional fees from eye examinations sit alongside spectacle and contact lens sales, so each income type needs separate, accurate recording.
- Stock and inventory: frames, lenses and contact lenses tie up cash and move at different rates, so stock needs proper tracking and valuation.
- Equipment and practice costs: specialist testing equipment, fitting tools and premises costs need careful treatment, including how costs are recorded and relieved.
- Staff and contractor payments: payroll for optical staff and payments to locum or associate optometrists can involve different tax and reporting obligations.
- VAT on mixed supplies: professional services and optical goods can carry different VAT treatments, so the position 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 handle the accounting and tax work optical professionals and practices need, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where it applies. Because optical businesses often mix professional fees with sales of spectacles, contact lenses and other goods, accurate recording of each income stream matters.
Independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. The appropriate support depends on how income is earned, how the business is structured and whether optical goods are supplied alongside professional services.
Yes. Self-employed optical professionals, including locums and associates, typically need help with Self Assessment, record keeping and expenses. The right approach depends on individual circumstances, including how income is received and whether there is other employment or business activity.
That varies. Some focus on bookkeeping, payroll and VAT support around mixed supplies, while others need annual accounts, Corporation Tax and tax planning. Stock, equipment, premises costs and staff payments often feature, but no practice requires every service.
Yes. Limited company optical practices need annual accounts and Corporation Tax returns, and the figures depend on income, allowable expenses and the treatment of items such as equipment and stock. We can prepare these and explain what is claimable in your circumstances.
They are usually recorded as trading stock or sales of goods, kept separate from professional fees so costs and margins can be tracked. For VAT, the treatment depends on the nature of the supply and the circumstances, so it should not be assumed to be uniform.
Often they do, but the position is not straightforward. Professional optical services and supplies of optical goods can be treated differently for VAT, and registration depends on taxable turnover and the exact nature of the supplies. It is worth reviewing your specific circumstances.
Yes, switching is usually straightforward. We would review your existing records, confirm what needs filing and when, and take over the relevant work. Clear fees and transparent packages mean you know what to expect before anything changes.