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 product sales, equipment costs and varied staffing. That mix can make bookkeeping, tax reporting and VAT records more detailed than for a business providing only services. The main challenges typically include the following.
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 help optical professionals and businesses with bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll, tax planning and VAT support where applicable. They also help record income from professional services, spectacles, contact lenses and other optical goods accurately, so accounts reflect the mixed nature of an optical business.
They can support self-employed opticians, optometrists, dispensing opticians, optical practice owners, partnerships, independent optical practices and limited companies. The correct support depends on how you work, how income is earned and whether you sell optical goods alongside professional services. Requirements can differ significantly between sole traders, partnerships and limited companies.
Yes. Self-employed opticians and optometrists often need help with bookkeeping, Self Assessment, expenses and record keeping. If you work as a locum, run sessions for different practices or sell optical goods, your income and cost records may need careful organisation. The appropriate approach depends on your contracts, income streams and individual circumstances.
Optical practices may need bookkeeping, annual accounts, Corporation Tax, payroll, management accounts, tax planning and VAT support where applicable. Practices selling spectacles, contact lenses and other goods often need stock, sales and purchase records that separate different supplies. The services that apply depend on your business structure, staffing, turnover and whether you provide only professional services or also sell optical products.
Yes. Bookkeeping can cover professional fees, optical product sales, stock purchases, equipment, premises costs and other expenses. Self Assessment support can help self-employed opticians, optometrists and dispensing opticians report income and expenses correctly. What needs to be recorded depends on your business structure and income sources, so the approach should be tailored to your circumstances.
Yes. Limited companies, including optical practices trading through a company, generally need annual accounts and Corporation Tax support. This can involve preparing financial records, reviewing income and expenses, and helping with filing obligations. The exact requirements depend on the company's activities, accounting period and circumstances, so advice should be based on your specific position.
Optical stock such as spectacles, lenses and contact lenses should be recorded accurately to support accounts, cash flow monitoring and VAT reporting where relevant. Equipment, practice premises costs, staff wages, professional fees and other expenses should be classified appropriately. The correct treatment depends on whether items are stock, equipment or day-to-day costs, and on your accounting basis.
Some optical businesses need to consider VAT, but treatment is not identical for every supply. Professional optical services and optical goods such as spectacles or contact lenses can have different VAT treatments depending on the nature of the supply and the business's circumstances. Registration thresholds, exemptions and record keeping should be reviewed based on your specific situation rather than assumed.
