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 rarely have a single, simple income stream, and that is where the accounting can start to feel complicated. Professional fees, goods, stock and staff costs all behave differently in the records, so accuracy matters.
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 bookkeeping, tax and reporting needs that come with optical work. That can include Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where it applies, along with practical advice on how professional fees, spectacles, contact lenses and practice costs are recorded.
Support is available to independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and limited companies running optical businesses. Because roles and business models differ, the accounting requirements are considered individually rather than assumed, and the right level of support depends on how each person or practice earns income and is structured.
Yes. Sole traders and other self-employed optical professionals often need help with Self Assessment, record keeping and understanding which costs can be claimed. Those costs can include equipment, professional fees, stock and travel, although what qualifies depends on individual circumstances, so each case is reviewed rather than treated the same way.
Frames, lenses, contact lenses and other stock should be tracked so purchases, closing stock and cost of sales are accurate. Expenses such as equipment, premises, insurance and professional development need proper categorisation, and some costs may be treated differently from ordinary overheads. Accurate records make tax reporting and management decisions easier.
Spectacles and contact lenses are usually recorded as goods sold rather than professional services, so sales, stock and cost of purchases all feed into the accounts. For limited companies, Corporation Tax applies to profits, while sole traders report profits through Self Assessment. VAT treatment can differ from professional optical services and depends on the nature of each supply.
Possibly, depending on turnover and what is supplied. Optical businesses may provide professional services as well as goods such as spectacles, contact lenses and other products, and these supplies can have different VAT treatments. Registration thresholds, exemptions and liability all depend on the specific circumstances, so VAT should be reviewed properly rather than assumed.
Bookkeeping and payroll support can cover day-to-day records, staff wages, pension contributions and payments to contractors where relevant. Optical practices often combine professional staff with retail and administrative roles, so pay structures, hours and deductions need careful handling. Which services are needed depends on the size and structure of the practice.
Switching accountants is usually straightforward. Records, filings and outstanding matters are reviewed so the transition continues without gaps, and your previous accountant can be contacted where needed. Bringing information such as recent accounts, tax returns and bookkeeping records helps the process run smoothly.
