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 mix clinical work with retail, and that combination is what makes the numbers less straightforward than they first appear. Income, stock, equipment and staffing all interact, so a small error in one area can distort the overall picture.
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.
They handle the day-to-day accounting and tax work behind an optical business. That typically includes bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where it applies, along with practical advice on stock, equipment costs, income streams and how your practice or professional income is structured.
Accountants for Opticians in Southmoor can support independent opticians, optometrists, dispensing opticians, self-employed locums, practice owners, partnerships and limited companies. The right approach depends on your role and how you trade, because a locum optometrist and a practice employing staff have very different records, tax obligations and reporting needs.
Yes. Self-employed optometrists and locums typically need Self Assessment support, help tracking mileage, equipment and professional expenses, and clear records of fees received from different practices. If you also sell spectacles or contact lenses, your bookkeeping will need to separate professional income from goods sold, as the treatment can differ.
It depends on the practice. Many need bookkeeping, payroll for staff and locums, annual accounts, Corporation Tax and VAT support where applicable, plus management accounts to monitor margins on frames, lenses and clinical work. Sole traders and partners usually need Self Assessment rather than Corporation Tax, and requirements can change as a practice grows.
Stock such as frames, lenses and contact lenses should be recorded consistently and valued at your year end, because it directly affects reported profit. Business expenses like diagnostic equipment, testing room costs, practice premises, insurance and staff costs should be kept with receipts and separated from personal spending so claims are properly supported.
Possibly. Optical businesses often make a mix of supplies, and professional optical services can be treated differently from the supply of spectacles, contact lenses and other optical goods. VAT treatment depends on the nature of each supply and your circumstances, so it is worth reviewing your sales and purchases rather than assuming a single rule applies.
Yes. Payroll support can cover practice staff, dispensing opticians, reception and admin teams, and payments to locums, including the correct treatment of each. Getting payroll right matters for PAYE, National Insurance and pension duties, and it keeps staff costs clear in your accounts so you can see the real cost of running the practice.
Yes. Switching usually involves reviewing your current records, confirming what information is needed and agreeing a handover with your existing accountant so nothing is missed. It helps to have recent accounts, VAT returns and payroll records to hand, and the timing can often be arranged around your year end.
