Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Burnham
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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 deal with a single, simple income stream, which is why the accounting side can become more involved than expected. Professional fees, retail optical sales, stock, equipment and staffing all interact, and how they are recorded affects both your reporting and your tax position.
- Mixed Income Streams: professional eye examination fees, retail optical sales and other income sources often need separating in the records so each is reported correctly.
- Optical Stock and Inventory: frames, lenses and contact lenses tie up money, so purchases, stock levels, suppliers and margins need regular review rather than a yearly guess.
- VAT on Different Supplies: professional services and optical goods can have different VAT treatments depending on the nature of each supply and the circumstances of the business.
- Equipment and Practice Costs: testing equipment, fitting tools, premises costs and staff wages all need accurate recording, with tax relief depending on your circumstances.
- Structure and Tax Administration: sole traders, partnerships and limited companies face different reporting requirements, with Self Assessment or Corporation Tax deadlines to manage.
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 behind an optical business — bookkeeping, financial records, annual accounts, Self Assessment or Corporation Tax, payroll and, where relevant, VAT. The aim is to keep your figures accurate and your reporting deadlines met, with advice shaped around opticians, optometrists and optical practices.
Support can suit independent opticians, optometrists, dispensing opticians, locum and self-employed professionals, optical practice owners, partners and limited companies. Because income, structure and VAT position differ from one business to another, the services provided are matched to your circumstances rather than a fixed package.
Yes. Many optometrists and dispensing opticians work as sole traders or through a limited company, sometimes combining locum work with a permanent role. We can help with Self Assessment, records of professional income and expenses, and considering whether a different business structure would suit your circumstances.
It varies. Common requirements include bookkeeping, annual accounts, Corporation Tax, payroll for practice staff, management accounts and VAT support where applicable. Practices selling spectacles and contact lenses also need clear records of stock, suppliers and cost of sales, which all feed into accurate reporting.
Yes. We can keep your bookkeeping up to date so professional income, optical goods sales and allowable expenses are recorded properly, and prepare your Self Assessment where you are a sole trader or partner. What you can claim depends on your individual circumstances and how your income arises.
Stock such as frames, lenses and contact lenses should be tracked so purchases, sales and margins can be reviewed, while equipment, premises and professional costs need accurate records. Good record keeping makes year-end accounts, tax returns and any VAT reporting more straightforward, and it helps you see which parts of the practice perform well.
Possibly. VAT depends on turnover and the nature of each supply, and optical businesses can have different VAT considerations for professional services compared with goods such as spectacles and contact lenses. Registration is not automatic for everyone, so it is worth reviewing your position with an accountant.
Yes, switching is usually straightforward. We can review your current records, agree what needs to be handed over and pick up your bookkeeping, accounts and tax deadlines from there. It helps to time a change so nothing is missed.