Specialist Accountants for Opticians & Optometrists
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GOS income reconciliation, VAT apportionment between exempt sight tests and taxable dispensing, stock control and owner profit extraction.
Self-assessment, IR35 status on agency work, GOC and professional fees, mileage between practices and equipment claims.
Management accounts per branch, partial exemption calculations, payroll for optical assistants and funding for new sites.
Ophthalmology and refractive surgery providers: company accounts, VAT on cosmetic versus medical treatment and capital allowances on equipment.
Incorporation reviews, capital allowances on OCT scanners and consulting room fit-out, and profit extraction planning for practice owners.
Payroll for optometrists, dispensing opticians and optical assistants, plus auto-enrolment, statutory pay and locum payments.
Cloud bookkeeping that reconciles GOS payments, private fees and retail till takings so your figures are accurate all year.
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.
Reports showing tests per day, dispensing conversion, margin per branch and profit trends, so decisions are based on real numbers.
Optical businesses often combine professional services with the sale of optical goods, which can make income, stock and tax treatment more complex than a purely service-based business. The challenges below are the ones that come up most often.
GOS income, voucher values, partial exemption and dispensing margin — no explaining required.
Independents, multiples and locum optometrists each get a different service, not a template.
We use a defensible apportionment method and keep the workings ready in case HMRC asks.
One agreed monthly fee with no hourly billing and no surprises at year end.
Management accounts that show where the profit actually comes from, test by test and branch by branch.
You deal with the same qualified person every time, by phone or email, not a call centre.
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.
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.
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.
Using the latest technology to offer customised financial strategies that help healthcare practices grow and thrive.
A dedicated accountant for opticians who understands GOS income, stock and dispensing margin.
Our team is here whenever you need guidance. We offer unlimited support to ensure your financial management is always on point.
Our team has over 100 years of combined accountancy experience.
Never Miss any deadline with our automated email reminders.
We’re an ICAEW, ACCA & AAT accredited Firm.
Take a back seat and let our expert accountants handle everything. Here’s how easy it is to get started with us:
Reach out to us, and we’ll discuss your needs and how we can help your healthcare practice thrive.
We’ll send over a simple letter to formalise our partnership and get everything in motion.
If you're switching, we’ll take care of contacting your previous accountants to make the transition smooth.
From there, sit back and relax. We’ll manage your accounts, taxes, and everything in between, keeping your practice running smoothly.
Accountants for Opticians handle the day-to-day financial admin and tax compliance that optical professionals and practices need. That can include bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support, alongside practical advice on expenses, stock, equipment and how the business is structured.
Support is available for independent opticians, optometrists, dispensing opticians, self-employed locums, practice owners, partnerships and limited companies operating in the optical sector. The relevant services depend on how you work, how your income is earned and whether you trade alone or employ a team.
Yes. Self-employed optometrists and locums usually need Self Assessment, clear records of professional income and a sensible approach to allowable expenses such as equipment, travel between practices and professional fees. Where a practitioner also sells optical goods, that income needs recording separately.
It varies. Many practices need bookkeeping, annual accounts, Corporation Tax or partnership returns, payroll for staff and management accounts. VAT support is often relevant where the practice provides professional services and also sells spectacles, contact lenses or other optical goods, since different supplies can be treated differently.
Stock such as frames, lenses and contact lenses should be recorded consistently so closing stock is valued accurately for the accounts. Business expenses, including equipment, testing instruments, premises costs, insurance and staff costs, should be kept with proper receipts and separated from personal spending so claims are easy to support.
Sometimes. VAT registration depends on turnover and the nature of the supplies made. Optical businesses may provide professional services as well as selling optical goods, and these supplies can be treated differently, so the position depends on the specific mix of services and products and the circumstances of the business.
Yes. Changing accountant is usually a straightforward process, and we can help coordinate the handover of records from your existing adviser. It helps to have your latest accounts, tax returns and bookkeeping up to date, though we can work through any gaps with you.
Get in touch and tell us about your practice or your work as an optometrist, dispensing optician or optical professional. We will review your current position, confirm which accounting and tax services are relevant to you, and explain how support would work going forward.
