Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Wigston Leicester
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Optical Professionals and Practices 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 have a single, simple income stream. Professional fees, NHS or private work, spectacles, contact lenses and other goods can sit alongside each other, which makes record keeping, tax and VAT more involved than many owners expect.
- Mixed Income Streams — Eye examination fees, contact lens aftercare and retail sales of spectacles often need separating, so income and costs are reported accurately.
- Stock and Inventory — Frames, lenses and contact lens stock tie up money, and accurate valuation and movement records matter for accounts and tax.
- Equipment and Professional Expenses — Test room equipment, diagnostic tools, professional body fees and continuing education need clear records to support allowable expense claims.
- Payroll and Contractor Payments — Employed optical staff alongside locum optometrists or self-employed associates create different payroll, tax and status considerations.
- VAT on Different Supplies — Professional services and optical goods can be treated differently for VAT; treatment depends on the nature of each supply and your circumstances.
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
They provide accounting and tax support tailored to optical work — bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT guidance where applicable. Because optical businesses often combine professional services with the sale of spectacles and contact lenses, the records and reporting need to reflect both sides of the business.
Independent opticians, optometrists, dispensing opticians, self-employed optical professionals, locum practitioners, practice partners and limited companies running optical practices. The accounts, tax returns and records differ depending on how you are structured and how you earn income, so support is shaped around your individual circumstances.
Yes. Self-employed and locum optometrists often need help separating professional fee income from other work, keeping expense records for travel, equipment and professional fees, and completing Self Assessment accurately. What you can claim depends on your circumstances, so it is worth reviewing your records before filing.
It varies. Many practices need bookkeeping, annual accounts, Corporation Tax, payroll for staff and management accounts. VAT support may also be relevant where taxable and exempt supplies are mixed. Not every practice needs every service, so requirements are reviewed against your structure, income streams and how the practice operates.
Frames, lenses, contact lenses and other stock should be recorded so you can track purchases, sales and what remains on hand, which supports accurate accounts and tax reporting. Expenses such as equipment, premises costs, professional body fees and staff costs need clear records too, because allowable treatment depends on the nature of the expense.
Often yes, though it is not straightforward. Optical businesses can supply professional services and goods such as spectacles and contact lenses, and these supplies may be treated differently for VAT. Whether you need to register, and how each supply is treated, depends on your turnover and the specific circumstances of your business.
Yes, and the transition is usually manageable. We can review your existing records, confirm what needs to be brought up to date, and take over the relevant filings and reporting. It helps to have your most recent accounts, tax returns and bookkeeping information available when you get in touch.
Get in touch and tell us about your practice or professional work — your structure, income streams, stock, staff and any deadlines coming up. We can then confirm which accounting and tax services are relevant to you and outline the next steps clearly, with transparent fees and no hidden extras.