Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Broadstone
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Optical Professionals and Practices We Support
Independent Opticians
GOS income reconciliation, VAT apportionment between exempt sight tests and taxable dispensing, stock control and owner profit extraction.
Locum Optometrists
Self-assessment, IR35 status on agency work, GOC and professional fees, mileage between practices and equipment claims.
Optometry Clinics & Multiples
Management accounts per branch, partial exemption calculations, payroll for optical assistants and funding for new sites.
Private & Specialist Eye Care
Ophthalmology and refractive surgery providers: company accounts, VAT on cosmetic versus medical treatment and capital allowances on equipment.
Our Accounting Services for Optical Practices
Optical Tax Planning
Incorporation reviews, capital allowances on OCT scanners and consulting room fit-out, and profit extraction planning for practice owners.
Payroll & Pensions for Optical Staff
Payroll for optometrists, dispensing opticians and optical assistants, plus auto-enrolment, statutory pay and locum payments.
Bookkeeping for Optical Practices
Cloud bookkeeping that reconciles GOS payments, private fees and retail till takings so your figures are accurate all year.
VAT Apportionment for Opticians
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.
Management Accounts & Reporting
Reports showing tests per day, dispensing conversion, margin per branch and profit trends, so decisions are based on real numbers.
Key Accounting Challenges for Optical Businesses
Optical businesses combine clinical work with retail, and that mix creates accounting questions a general practice rarely faces. Income arrives from several directions, stock moves quickly, and equipment and premises costs are significant.
- Mixed income streams: professional eye examinations, contact lens fittings, retail sales and locum work can each need recording and reporting in different ways.
- Stock and inventory: spectacle frames, lenses and contact lenses need accurate stock records so purchases, sales and closing values are reflected correctly.
- Equipment and practice costs: diagnostic instruments, testing equipment, leasehold improvements and premises costs often need careful treatment for capital allowances and tax relief.
- Payroll and staff: employed optometrists, dispensing opticians and support staff bring PAYE, pension and contractor payment questions that must be handled accurately.
- VAT on mixed supplies: professional optical services and goods such as spectacles or contact lenses can be treated differently, so each supply needs reviewing individually.
Why Specialist Accounting Support Matters for Optical Businesses
Real Optical Expertise
GOS income, voucher values, partial exemption and dispensing margin — no explaining required.
Built Around Your Practice
Independents, multiples and locum optometrists each get a different service, not a template.
VAT Apportionment Done Right
We use a defensible apportionment method and keep the workings ready in case HMRC asks.
Fixed, Transparent Fees
One agreed monthly fee with no hourly billing and no surprises at year end.
Clear Margin Reporting
Management accounts that show where the profit actually comes from, test by test and branch by branch.
Named Accountant, Real Answers
You deal with the same qualified person every time, by phone or email, not a call centre.
Our Simple 3-Step Process for Optical Businesses
1. Initial Consultation (It’s Free):
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.
2. Customised Plan:
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.
3. Ongoing Support & Updates:
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.
Accounting Support Built for Optical Practices
Technology Driven
Using the latest technology to offer customised financial strategies that help healthcare practices grow and thrive.
Named Optical Accountant
A dedicated accountant for opticians who understands GOS income, stock and dispensing margin.
Ongoing Support
Our team is here whenever you need guidance. We offer unlimited support to ensure your financial management is always on point.
Experienced Team
Our team has over 100 years of combined accountancy experience.
Free - Email Reminders
Never Miss any deadline with our automated email reminders.
Yes, We Are Chartered!
We’re an ICAEW, ACCA & AAT accredited Firm.
How to Join/Switch
Take a back seat and let our expert accountants handle everything. Here’s how easy it is to get started with us:
Get in touch
Reach out to us, and we’ll discuss your needs and how we can help your healthcare practice thrive.
Letter of Engagement
We’ll send over a simple letter to formalise our partnership and get everything in motion.
Previous Accountants
If you're switching, we’ll take care of contacting your previous accountants to make the transition smooth.
We Do the Rest
From there, sit back and relax. We’ll manage your accounts, taxes, and everything in between, keeping your practice running smoothly.
FAQs
They handle the accounting and tax work specific to optical businesses, including bookkeeping for professional fees and retail sales, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where it applies. The aim is to keep records accurate, deadlines met and the numbers clear enough to make informed decisions about the practice.
Support is available for independent opticians, optometrists, dispensing opticians, self-employed locums, practice owners and limited companies. Because roles and business models differ, the right approach depends on how you earn income, whether you supply optical goods and how your business is structured.
Yes. Self-employed optometrists, locums and dispensing opticians often need help with record keeping, expenses, Self Assessment and payments on account. Where someone combines locum work with a permanent role, or with retail income from spectacles and contact lenses, the reporting can need more careful handling.
It varies considerably. A practice selling spectacles and contact lenses alongside eye examinations may need bookkeeping, payroll, stock records, management accounts and VAT support. A smaller operation might mainly need annual accounts and Self Assessment. The appropriate services depend on the structure, income streams and individual circumstances.
Yes. Bookkeeping can cover till takings, card and online payments, supplier invoices and optical stock purchases, while Self Assessment deals with declaring income and allowable expenses. What counts as allowable depends on your circumstances, so expenses are reviewed individually rather than assumed.
For practices trading through a limited company, annual accounts and Corporation Tax returns are prepared from the company's records, with items such as equipment, stock and director remuneration considered. Timing, reliefs and treatment depend on your circumstances and current rules, so advice is tailored rather than generic.
Often, yes. Optical businesses frequently make a mix of supplies, and the VAT treatment of professional optical services can differ from that of goods such as spectacles and contact lenses. Registration thresholds, exemptions and liability all depend on the nature of each supply and the business's circumstances, so the position needs reviewing individually.
Yes, switching is usually straightforward. We can liaise with your existing accountant, obtain the records we need and take over the relevant filings. It often helps to time the change around your year end, although this is not essential, and we will guide you through what is required.