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. Professional fees, retail sales, stock, equipment and staff costs all interact, which is why bookkeeping and tax reporting can quickly become more involved than expected.
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 applicable. They also help with record keeping, expenses such as equipment and stock, and understanding how different income streams should be reported.
They can support independent opticians, optometrists, dispensing opticians, self-employed practitioners, practice owners, partnerships and limited companies running optical businesses. The right approach depends on how you are structured and how you earn income, since a sole trader, a partnership and a limited company each have different reporting requirements.
Yes. Self-employed opticians and optometrists usually need support with Self Assessment, bookkeeping and clear records of professional fees and any retail sales. What is required depends on how you work, whether you operate alone, hold a partnership share or provide locum cover, so advice is tailored to your circumstances.
It varies. Most practices need bookkeeping, payroll and either annual accounts or Self Assessment, with Corporation Tax for limited companies. Management accounts, tax planning and VAT support may also be relevant where registration applies. The appropriate mix depends on your structure, income streams, staffing and whether you supply optical goods as well as professional services.
Frames, lenses, contact lenses and accessories should be tracked as stock, with purchases and sales recorded accurately so year-end figures are reliable. Equipment, professional fees, premises costs and staff wages are business expenses but need proper documentation. How each item is treated depends on whether it is revenue or capital in nature, so it is worth taking advice.
VAT depends on your turnover and the nature of your supplies. Professional optical services and the supply of optical goods such as spectacles and contact lenses can have different VAT treatments, and some supplies may be exempt while others are standard-rated. Because the rules are detailed and circumstances vary, registration and reporting should be reviewed individually.
Yes. Payroll support can cover practice staff, dispensing opticians, reception and retail teams, and payments to locums or contractors, including the different tax treatment that can apply to each. Real Time Information submissions, payslips and records all need to be handled correctly, and arrangements vary from practice to practice.
Switching accountants is usually straightforward. It helps to have your recent accounts, tax returns and bookkeeping records to hand so your new accountant can understand your position. Any handover can then be arranged with your previous accountant, and ongoing support continues from there. Timelines depend on your circumstances and the time of year.
