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 often combine professional services with the sale of optical goods, which can make bookkeeping, tax and VAT more detailed than for a business offering services alone. The following areas commonly need careful attention.
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 provide accounting and tax support shaped around optical work. This can include bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where applicable. Because optical businesses may sell professional services and optical goods, the right help depends on how you earn income, hold stock and structure the business.
Support can be suitable for independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. The accounting needs are not identical because roles, income streams and business structures differ. A sole trader, a partnership and a limited company may each require a different mix of bookkeeping, accounts, payroll and tax support.
Yes. Self-employed opticians and optometrists may need help with income records, expenses, Self Assessment and tax planning. If you also sell spectacles, contact lenses or other optical goods, those sales and related stock costs need to be recorded clearly. The exact support depends on your contracts, income sources and how your work is arranged.
Optical practices may need bookkeeping, annual accounts, payroll, management accounts and tax administration. Corporation Tax may be relevant for limited companies, while partnerships and sole traders have different reporting requirements. Stock, equipment, premises costs and professional income often need careful records. VAT support may also be relevant where the practice's supplies have different VAT treatments.
Yes. Bookkeeping can cover professional fees, optical goods sales, stock purchases, equipment, premises costs and other expenses. Self Assessment support can help self-employed opticians, optometrists, dispensing opticians and partners report income and expenses accurately. The records required depend on your business structure and the way you earn income, so the approach should match your circumstances.
Spectacles and contact lenses are usually recorded as sales, with the related stock, supplier costs and any returns or adjustments tracked carefully. For VAT, optical goods and professional services can have different treatments depending on the nature of the supply and the circumstances. The accounting records should distinguish these income streams clearly.
Some optical businesses need to consider VAT, but the position is not identical for every supply. Professional services and optical goods can be treated differently, and registration depends on taxable turnover and the nature of what is supplied. It is best to review the specific services and products your business provides rather than assume one VAT rule applies to everything.
Many businesses can switch accountants. The practical steps usually involve sharing details of your current accounting records, confirming the services you need and agreeing how the transition will work. The timing and information required can vary depending on your structure, deadlines and the state of your records, so it is sensible to discuss this first.
