Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Bude
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The Opticians and Optometrists 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 practices combine clinical work with retail, which makes the finances more layered than they first appear. Income, stock, equipment and tax treatment can all behave differently depending on the practice, so keeping accurate records matters.
- Mixed Income Streams: Eye examinations, spectacles, contact lenses, repairs and accessories can each generate income that needs tracking separately.
- Stock and Inventory: Frames, lenses and contact lenses tie up money, so accurate stock records support cash flow and margins.
- Equipment and Expenses: Optical equipment, testing instruments and professional costs need correct recording and appropriate treatment.
- Payroll and Contractors: Employed optometrists, dispensing opticians, support staff and locum arrangements create varied payroll and payment considerations.
- VAT on Mixed Supplies: Professional services and optical goods can have different VAT treatments, so sales need 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 administration that optical professionals and practices need, including bookkeeping, Self Assessment, annual accounts, Corporation Tax, payroll and VAT support where relevant. The work is shaped around optical income streams, stock, equipment and premises, rather than a generic small business template.
Support is available for self-employed optometrists and locum optometrists, dispensing opticians, independent opticians, optical practice owners, partnerships and limited companies running optical businesses. Because these roles and structures differ, the accounting requirements are reviewed individually rather than assumed to be the same.
Yes. Self-employed optometrists and locum opticians typically need Self Assessment, records of professional income and expenses, and clarity on what can be claimed. Where a professional also sells spectacles or contact lenses, the accounting treatment of those goods should be considered separately from clinical income.
It varies. A limited company practice may need annual accounts, Corporation Tax and payroll, while a sole trader may focus on Self Assessment and bookkeeping. Management accounts, tax planning and VAT support can also be relevant. The right mix depends on structure, income and how the practice operates.
Frames, lenses, contact lenses and accessories should be recorded as stock and reviewed regularly, since slow-moving items affect both cash flow and margins. Practice expenses such as equipment, premises, insurance and staff costs should be documented accurately, with appropriate treatment depending on your circumstances.
Possibly. VAT treatment depends on the nature of each supply and the circumstances of the business. Professional optical services and optical goods such as spectacles and contact lenses can be treated differently, so turnover, registration status and what is actually supplied all need reviewing rather than applying one blanket rule.
Payroll support can cover employed optometrists, dispensing opticians, reception and support staff, including tax, National Insurance and pension duties. Where a practice uses locums, the payment arrangements should be reviewed, as the correct treatment depends on the working relationship and the terms involved.
Yes. Changing accountant is usually straightforward, and we can discuss what information is needed and how the handover works. Records, filings and deadlines are reviewed so that your accounting continues without unnecessary disruption, whether you are a sole trader, partner or company director.