Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Wigston
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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 combine clinical work with retail sales, which means the accounting rarely fits a single category. Professional income, optical goods, stock, equipment and staff costs can all behave differently, and how each is recorded affects your tax position.
- Multiple Income Streams — Clinical fees and product sales create distinct revenue streams, so records should separate professional income from optical goods sold.
- Stock and Inventory Control — Lenses, frames and contact lenses tie up money in stock, and inaccurate records make margins and reordering harder to judge.
- Equipment and Practice Costs — Testing equipment, diagnostic tools, premises costs and staff wages are significant expenses, and claiming them correctly requires clear supporting records.
- VAT on Mixed Supplies — Professional optical services and supplies of optical goods can be treated differently, so VAT treatment depends on the nature of each supply.
- Business Structure and Tax Reporting — Whether you are a sole trader, partner or limited company affects Self Assessment, Corporation Tax and how profits and drawings are recorded.
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
We help optical professionals and practices with day-to-day bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where it applies. The focus is keeping financial records accurate and making sure the way you record professional income, optical goods, stock and expenses reflects how your business actually operates.
We support independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and limited companies running optical businesses. Because accounting requirements differ depending on how you trade and how your income arises, support is tailored to your individual circumstances rather than applied as a standard package.
Yes. Self-employed opticians and optometrists may need help with Self Assessment, record keeping and allowable expenses, including equipment, professional fees and travel between locations. Sole traders and partners have different reporting requirements from limited companies, so we look at your structure before advising on what is relevant.
It depends on the practice. Many optical businesses need bookkeeping, annual accounts, Corporation Tax, payroll for staff and management accounts, with VAT support where applicable. Whether you also need help with stock records, equipment costs or business structure planning depends on your size, turnover and how the practice is set up.
Spectacles, contact lenses and other optical goods are usually recorded as trading stock or sales, with purchases and cost of sales tracked separately from professional fees. How income and costs are categorised affects your accounts and tax position, so the treatment should reflect how your practice buys, holds and sells optical goods.
VAT can apply to optical businesses, but the treatment is not uniform. Professional optical services and supplies of optical goods can be treated differently, and the position depends on the nature of each supply and the circumstances of the business. We can help you review your income streams and record VAT correctly where registration applies.
Yes. Optical practices often employ optometrists, dispensing opticians, optical assistants and reception staff, and payroll can involve different pay arrangements, pension contributions and reporting obligations. We can help with payroll processing, employer reporting and the records you need to keep for practice staff.
Yes, you can switch to CruseBurke from another accountant. We can review your existing records, help manage the handover and make sure your bookkeeping, accounts and tax filings continue without unnecessary disruption, whatever stage of the tax year you get in touch.