Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Yelverton
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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 Opticians and 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 standard accounting mould. Professional fees, retail sales of spectacles and contact lenses, clinical equipment and practice overheads all behave differently, and that mix can make bookkeeping, tax and VAT more involved than it first appears.
- Mixed Income Streams: Sight tests, contact lens fittings, spectacle sales and other services behave differently, so income is best recorded in separate, clearly labelled categories.
- Stock and Inventory: Frames, lenses and contact lenses tie up cash and shift in value, so accurate stock records matter for bookkeeping and at your year end.
- Equipment and Premises: Optometry equipment, testing rooms and practice premises involve significant costs, and how they are treated can affect your taxable profit.
- VAT on Different Supplies: Professional services and goods such as spectacles may have different VAT treatments, so the position depends on the nature of each supply.
- Payroll and Locums: Payments to employed staff and locum optometrists need correct reporting, with employment status affecting tax and National Insurance treatment.
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 Around 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 handle the accounting and tax work behind an optical business, including bookkeeping, annual accounts, Self Assessment or Corporation Tax returns, payroll and VAT support where relevant. The focus is on how optical income and optical goods are recorded, so the figures reflect the way your practice actually trades.
We support independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. The work involved differs depending on whether you provide professional services only or also sell optical goods, hold stock and employ staff.
Yes. We work with self-employed optometrists, dispensing opticians and locum professionals, as well as sole traders, partnerships and limited companies. How income is reported depends on your structure and circumstances, so the approach is tailored rather than a standard template.
Yes. Limited companies need annual accounts and Corporation Tax returns, while sole traders and partners usually report income through Self Assessment. Where a practice needs both, the accounts and returns can be coordinated so the figures stay consistent and deadlines are met.
Stock such as frames, lenses and contact lenses should be recorded accurately and valued consistently at your year end. Business expenses, including equipment, premises costs and professional fees, need to be kept separate from personal spending with supporting records, as the tax treatment depends on your circumstances.
Possibly. Professional optical services and goods such as spectacles and contact lenses can have different VAT treatments, so the position depends on the specific supply and your circumstances. We can review how your income and sales are structured and help you apply the correct treatment.
Yes. Payroll can cover employed optometrists, dispensing opticians, optical assistants and reception staff, with RTI reporting and the correct tax and National Insurance deductions. Payments to locums and other contractors are treated differently, so employment status should be reviewed rather than assumed.
Switching is usually straightforward. We can review your current records and arrangements, confirm what needs to be transferred, and take over the relevant accounting and tax work. It helps to have your latest accounts, tax returns and bookkeeping information available so the handover runs smoothly.