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 goods, which can make bookkeeping, tax and VAT more involved than for a purely service-based business. The challenges below depend on how the practice or professional operates and should be checked against individual circumstances.
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 help with the financial and tax side of optical work, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where applicable. They can also help record professional fees, spectacle and contact lens sales, stock, equipment, premises costs and other income streams so the business remains organised.
They can support independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. The appropriate support depends on how you trade, how income is earned and whether you sell optical goods. A locum optometrist may have different needs from a practice with staff, stock and several income streams.
Yes. Self-employed opticians and optometrists may need help with income and expense records, Self Assessment, payments on account and keeping business and personal finances separate. If you work through a limited company or partnership, the requirements can differ, so the records and tax deadlines should reflect your actual working arrangements.
Many optical practices need bookkeeping, payroll, management accounts, annual accounts and Corporation Tax support, plus VAT guidance where relevant. They may also need help tracking stock, equipment, premises costs and sales of spectacles and contact lenses. Not every practice needs every service; the right mix depends on structure, turnover and how the business operates.
Yes. For limited companies, annual accounts and Corporation Tax returns need to be prepared accurately, with income, allowable expenses and balance sheet items properly recorded. For optical practices, that can include stock, equipment, professional fees, staff costs and sales of optical goods. Deadlines and filing requirements depend on your company's circumstances.
VAT can be relevant for optical businesses, but treatment is not uniform. Professional optical services and supplies of spectacles, contact lenses or other goods can have different VAT treatments depending on the nature of the supply and the circumstances. Registration thresholds, exempt supplies and taxable sales all need careful review rather than assumptions.
Switching accountants is usually a practical process, but it depends on your current records, deadlines and the state of your accounts. The first step is to review what you have and identify any outstanding filing or bookkeeping matters. Support can then be arranged around your optical business and its circumstances.
Start by outlining whether you are self-employed, in a partnership or a limited company, along with how your optical business earns income. Mention any stock, equipment, employees, VAT position or upcoming deadlines. From there, the appropriate accounting and tax support can be discussed based on your circumstances.
