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 clinical work with retail activity, which makes the numbers more complicated than they first appear. Professional fees, optical goods, stock, equipment and staff costs all need recording accurately so the figures used for tax and planning are reliable.
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 accounting and tax work that optical professionals and practices need, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where it applies. They also help with financial record keeping, tax planning and decisions about business structure, keeping the numbers aligned with how the practice actually operates.
Support can cover independent opticians, optometrists, dispensing opticians, self-employed optical professionals, optical practice owners, partnerships and limited companies. Because these roles and structures differ, the accounting requirements are not identical for everyone, so the work is tailored to how you trade and how your income arises.
Yes. Self-employed optometrists and locum opticians typically need bookkeeping, Self Assessment and help tracking allowable expenses such as professional fees, equipment, travel and insurance. If you also sell optical goods, those sales need recording separately so your income and expenses are reported correctly and your records stand up to scrutiny.
Most practices need bookkeeping, annual accounts and payroll, with Corporation Tax if they trade as a limited company. Practices holding stock, equipment or multiple income streams often benefit from management accounts and tax planning too. The appropriate mix depends on your structure, size and whether you are VAT registered.
Frames, lenses and contact lens supplies should be tracked as stock so cost of sales and closing stock figures are accurate at year end. Business expenses such as equipment, premises costs, insurance and staff costs need supporting records. Keeping this tidy through the year makes accounts and tax returns more straightforward and reduces queries later.
Sales of spectacles and contact lenses are business income and are recorded like any other retail sale, with the related cost of goods accounted for against it. How they are treated for VAT is a separate question and can differ from professional optical services, so the position depends on the nature of each supply.
It depends. Optical businesses may make professional supplies as well as supplies of optical goods, and different supplies can carry different VAT treatments. Registration thresholds, exempt and taxable turnover and the nature of each supply all matter, so the position should be reviewed against your own circumstances rather than assumed.
Yes. Switching is usually a matter of telling us about your business and giving authority for us to act, after which records and information can be transferred from your previous accountant. It helps to have your latest accounts, tax returns and bookkeeping up to date so the handover is smooth.
