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 fit a single template. Professional fees, retail sales of spectacles and contact lenses, stock, equipment and practice overheads all interact, which can make bookkeeping, tax and VAT more involved than for many other small businesses.
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 bookkeeping, tax and compliance work that optical professionals and practices need. That can include annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where it applies, alongside advice on stock, equipment, premises costs and how different optical income streams should be recorded.
Support can cover self-employed optometrists and dispensing opticians, locum and associate professionals, practice owners, partnerships, independent optical practices and limited companies. Because roles and business models differ, the accounting and tax requirements are reviewed individually rather than applied in the same way to everyone.
Yes. Self-employed optometrists, dispensing opticians and locum professionals typically need Self Assessment, accurate records of income and allowable expenses, and a clear view of tax due. Where income comes from several practices, or mixes clinical and retail work, keeping those streams distinct makes reporting simpler.
If you trade through a limited company, annual accounts and a Corporation Tax return will normally be required, with deadlines to meet. These can be prepared from your records and explained clearly, including how profit is affected by stock, equipment purchases, staff costs and director remuneration.
Frames, lenses and contact lenses are trading stock, so purchases and stock levels affect your accounts. Equipment, fitting tools, practice rent and utilities are generally expenses, though larger purchases may be treated differently depending on the circumstances and any capital allowances available. Clear records make year-end reporting far easier.
Possibly. VAT depends on turnover and the nature of each supply, and optical businesses often provide both professional services and goods such as spectacles and contact lenses, which can be treated differently. The treatment of individual supplies should be reviewed for your specific circumstances rather than assumed.
Yes. Switching is usually more straightforward than people expect. We can review your existing records, confirm what is needed and take over the ongoing accounting, payroll or tax work, with any professional clearance handled as part of the process.
