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 combine professional clinical services with the sale of goods, which can make the accounts more involved than they first appear. The challenges below are common ones, though how they affect you depends on your structure, income and circumstances.
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 day-to-day financial side of running an optical business or professional practice. That typically includes bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where applicable, along with tax planning and help keeping financial records accurate and up to date. The exact work depends on how you trade.
We support independent opticians, optometrists, dispensing opticians, self-employed optical professionals and optical practice owners, whether they operate as sole traders, partnerships or limited companies. Because roles and business models differ, the accounting needs of a locum optometrist are not the same as those of a practice employing staff and selling optical goods.
Yes. Self-employed optometrists, locum opticians and dispensing opticians often need help with Self Assessment, allowable expenses and record keeping, including travel between practices and professional costs. Where you also supply spectacles or contact lenses, we can help you separate professional income from goods sold so the figures stay clear.
It depends on the practice. Common requirements include bookkeeping, annual accounts, Corporation Tax, payroll for optometrists, dispensing opticians and support staff, management accounts and VAT support where relevant. Practices with stock, equipment and premises costs often need more detailed financial record keeping, and the right combination depends on structure, turnover and circumstances.
Frames, lenses, contact lenses and other optical goods should be recorded as stock and tracked through purchases and sales, with business expenses such as equipment, premises costs, insurance and professional fees kept separate and supported by receipts. Clear records make it easier to see margins and complete accounts and tax returns accurately.
Possibly. VAT treatment depends on the nature of each supply and the circumstances of the business, and it should never be assumed. Professional optical services and the supply of spectacles, contact lenses or other optical goods can be treated differently, so income streams may need separating and reviewing, particularly if turnover is rising or you are already VAT registered.
Yes. Where you employ optometrists, dispensing opticians, optical assistants or reception staff, we can help with payroll, PAYE, pension duties and payslips, as well as payments to locums and contractors. How those payments are treated depends on whether the individual is engaged as an employee or self-employed, so the arrangements matter.
Yes. Switching accountants is usually straightforward and can be arranged around your year end or filing deadlines. It normally involves confirming your details, gathering records from your previous adviser and agreeing how information will be shared. After that, support continues with bookkeeping, accounts, tax returns and payroll as needed.
