Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Burley
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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 rarely have a single, simple income stream. Professional fees, retail sales of optical goods, stock, equipment and premises costs all interact, which means the bookkeeping, tax and VAT position can become more involved than it first appears.
- Mixing professional and retail income: Eye examination fees and sales of spectacles or contact lenses can behave differently in your records, so keeping the streams distinct matters for accurate accounts.
- Stock and inventory control: Frames, lenses and contact lens stock tie up money, and inaccurate stock records can distort margins and lead to poor purchasing or pricing decisions.
- Optical equipment and professional costs: Test equipment, instruments, calibration, software and professional fees need correct treatment, and the timing of larger purchases can affect your taxable profit.
- Staff payroll and practice costs: Practice managers, optical assistants, locums and practice premises costs all need to be handled correctly, including PAYE and any payments to self-employed contractors.
- VAT on mixed optical supplies: VAT treatment depends on the nature of each supply and the circumstances of the business, since professional services and optical goods are not necessarily treated in the same way.
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 Around 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, tax and compliance work that optical professionals and practices need, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll, management accounts and VAT support where it applies. Just as importantly, they understand that an optical business may earn professional fees while also supplying spectacles, lenses and contact lenses.
Support can be provided to self-employed optometrists, dispensing opticians, independent opticians, practice owners, partnerships, limited companies and other optical businesses. Requirements differ depending on how you are structured, how you earn income and whether you also sell optical goods, so the scope is agreed around your own circumstances.
Yes. Self-employed practitioners typically need help with record keeping, allowable expenses and Self Assessment, and their income may come from several sources such as locum work, eye examinations or contact lens fitting. How that income is taxed depends on your individual circumstances, so it is worth reviewing rather than assuming.
That varies. A small practice may only need bookkeeping and annual accounts, while a larger one may also need payroll, management accounts, tax planning and VAT support. Practices holding stock, equipment and premises costs often benefit from clearer tracking of margins on optical goods alongside professional income.
Yes. Bookkeeping can cover professional fees, sales of spectacles and contact lenses, supplier invoices and practice expenses, while Self Assessment deals with your personal tax position and filing obligations. Deadlines and payment dates apply, so keeping records current throughout the year usually makes the process far less stressful.
Yes. Limited companies need annual accounts and a Corporation Tax return, and the figures must reflect the company's actual income and allowable expenses as well as any director's remuneration. What applies to your company depends on its structure, trading activity and circumstances, so each case is considered individually.
They may. VAT treatment depends on the nature of each supply and the circumstances of the business, because professional optical services and optical goods such as spectacles and contact lenses can be treated differently. Registration thresholds and what is standard-rated, reduced-rated or exempt should be checked rather than assumed.
Yes, switching is usually a straightforward process. Once you tell us about your optical business and existing arrangements, the relevant information can be requested from your current accountant and the handover managed for you. The exact requirements depend on your structure, records and how far through the financial year you are.