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 have a single, simple income stream, which is why their accounting can become more involved than it first appears. Professional fees, retail sales, stock, equipment and staff all interact, and each one needs to be recorded and treated correctly.
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.
They handle the accounting and tax affairs of optical professionals and practices. That typically includes bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where applicable. Because optical businesses often mix professional fees with retail sales of spectacles and contact lenses, records need to distinguish between these income streams clearly.
Yes. Self-employed optometrists, dispensing opticians and locums usually need Self Assessment support, records of professional fees and locum income, and guidance on allowable expenses such as equipment, travel, insurance and professional fees. If you also sell optical goods, the VAT position can differ from your professional services, so that should be reviewed individually.
It depends on how the practice is structured. A limited company running a practice may need annual accounts, Corporation Tax, payroll and management accounts, while a sole trader or partnership may focus on Self Assessment and bookkeeping. Stock, equipment, premises costs and different income streams all shape which services are most relevant.
Yes, for optical businesses operating through a limited company. Annual accounts and Corporation Tax returns need to reflect income from professional services and optical goods accurately, and to account for allowable expenses such as equipment, premises costs, staff and stock. The exact treatment depends on your circumstances and how the company is run.
Frames, lenses, contact lenses and consumables are normally tracked as stock, while testing and diagnostic equipment is usually treated as a capital item depending on its cost and use. Practice expenses such as rent, insurance, utilities and professional fees should be recorded separately. Clear, consistent records make year-end accounts and tax returns far more straightforward.
Possibly, and the rules are not uniform. Certain professional optical services, such as sight tests, are generally exempt, while the supply of spectacles and contact lenses is normally standard-rated. Where goods and services are supplied together, the position depends on the precise nature of the supply and your circumstances, so it should be reviewed before concluding.
Yes. Payroll can cover employed optometrists, dispensing opticians, optical assistants and administrative staff, including PAYE, National Insurance and pension duties where they apply. Locums are often engaged differently, so it is worth checking whether a particular arrangement is genuinely self-employed before payments are treated as such.
Yes. Switching is usually straightforward, and we can work with your existing records and liaise about the handover so that deadlines continue to be met. It helps to have recent accounts, VAT records where relevant and details of your current structure ready before the change takes place.
