Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Sutton
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Opticians and Optical Professionals We Support
Independent Opticians
GOS income reconciliation, VAT apportionment between exempt sight tests and taxable dispensing, stock control and owner profit extraction.
Locum Optometrists
Self-assessment, IR35 status on agency work, GOC and professional fees, mileage between practices and equipment claims.
Optometry Clinics & Multiples
Management accounts per branch, partial exemption calculations, payroll for optical assistants and funding for new sites.
Private & Specialist Eye Care
Ophthalmology and refractive surgery providers: company accounts, VAT on cosmetic versus medical treatment and capital allowances on equipment.
Our Accounting Services for Optical Practices
Optical Tax Planning
Incorporation reviews, capital allowances on OCT scanners and consulting room fit-out, and profit extraction planning for practice owners.
Payroll & Pensions for Optical Staff
Payroll for optometrists, dispensing opticians and optical assistants, plus auto-enrolment, statutory pay and locum payments.
Bookkeeping for Optical Practices
Cloud bookkeeping that reconciles GOS payments, private fees and retail till takings so your figures are accurate all year.
VAT Apportionment for Opticians
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.
Management Accounts & Reporting
Reports showing tests per day, dispensing conversion, margin per branch and profit trends, so decisions are based on real numbers.
Key Accounting Challenges for Optical Businesses
Optical businesses rarely fit a single accounting template. With professional income, retail-style sales of frames and lenses, stock, equipment and staff all in the mix, the numbers quickly become more involved than they first appear.
- Mixed income streams — Professional fees, spectacle sales and contact lens plans behave differently in the accounts, so each income stream needs clear, consistent recording.
- Stock and inventory — Frames, lenses and contact lenses tie up cash, and accurate stock records help purchases, sales and wastage be reflected correctly at year end.
- Optical equipment and expenses — Testing equipment, diagnostic tools and professional fees may be allowable costs, but the treatment depends on how each item is used.
- Payroll and staff costs — Employed optometrists, dispensing opticians and support staff bring PAYE, pension and contractor payment considerations that need to be handled accurately.
- VAT on mixed supplies — Professional services and goods such as spectacles may be treated differently for VAT, so each supply needs reviewing on its own facts.
Why Specialist Accounting Support Matters for Optical Businesses
Real Optical Expertise
GOS income, voucher values, partial exemption and dispensing margin — no explaining required.
Built Around Your Practice
Independents, multiples and locum optometrists each get a different service, not a template.
VAT Apportionment Done Right
We use a defensible apportionment method and keep the workings ready in case HMRC asks.
Fixed, Transparent Fees
One agreed monthly fee with no hourly billing and no surprises at year end.
Clear Margin Reporting
Management accounts that show where the profit actually comes from, test by test and branch by branch.
Named Accountant, Real Answers
You deal with the same qualified person every time, by phone or email, not a call centre.
Our Simple 3-Step Process for Optical Businesses
1. Initial Consultation (It’s Free):
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.
2. Customised Plan:
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.
3. Ongoing Support & Updates:
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.
Accounting Support Built for Optical Practices
Technology Driven
Using the latest technology to offer customised financial strategies that help healthcare practices grow and thrive.
Named Optical Accountant
A dedicated accountant for opticians who understands GOS income, stock and dispensing margin.
Ongoing Support
Our team is here whenever you need guidance. We offer unlimited support to ensure your financial management is always on point.
Experienced Team
Our team has over 100 years of combined accountancy experience.
Free - Email Reminders
Never Miss any deadline with our automated email reminders.
Yes, We Are Chartered!
We’re an ICAEW, ACCA & AAT accredited Firm.
How to Join/Switch
Take a back seat and let our expert accountants handle everything. Here’s how easy it is to get started with us:
Get in touch
Reach out to us, and we’ll discuss your needs and how we can help your healthcare practice thrive.
Letter of Engagement
We’ll send over a simple letter to formalise our partnership and get everything in motion.
Previous Accountants
If you're switching, we’ll take care of contacting your previous accountants to make the transition smooth.
We Do the Rest
From there, sit back and relax. We’ll manage your accounts, taxes, and everything in between, keeping your practice running smoothly.
FAQs
Accountants for Opticians handle the day-to-day financial administration behind an optical business, from bookkeeping and payroll to annual accounts and tax returns. They also help with stock records, equipment costs and VAT questions that arise when a practice supplies both professional services and optical goods.
Support can be tailored to independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and limited companies. Because sole traders, partnerships and limited companies report and pay tax differently, the work is shaped around how your business is structured and how it earns income.
Yes. Self-employed opticians and optometrists typically need help with Self Assessment, allowable expenses and record keeping. Some work as sole traders, while others operate through a limited company or partnership, so the tax position depends on individual circumstances rather than a single fixed rule.
It varies. Many practices need bookkeeping, payroll, annual accounts and Corporation Tax support, while others also want management accounts or VAT help. The services should reflect whether the practice dispenses spectacles and contact lenses, employs staff, holds significant stock or operates as a single practitioner.
Stock such as frames, lenses and contact lenses should be tracked consistently so purchases, wastage and sales match up. Equipment, professional indemnity cover, registration fees and premises costs can be business expenses where they are incurred wholly and exclusively for the practice, though treatment depends on your circumstances.
VAT depends on the nature of each supply. Professional optical services and the supply of goods such as spectacles and contact lenses may be treated differently, and registration thresholds matter too. Because mixed supplies can complicate things, it is worth reviewing your position rather than assuming a blanket rule applies.
Yes. Moving accountants is usually straightforward, and CruseBurke can handle the handover of records and correspondence with your previous adviser so continuity is maintained. It helps to have your accounts, tax returns and bookkeeping reasonably up to date before the switch takes place.
Get in touch and tell us about your practice, how it is structured and what support you need. From there, the appropriate accounting and tax requirements can be identified and clear fees agreed before any work begins.