Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Burton upon Trent
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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 fit a single template. Professional eye care, retail sales, stock, equipment and premises all interact, and the way income and costs are recorded affects tax, cash flow and how clearly the practice's finances can be understood.
- Mixed Income Streams — Professional eye care fees and sales of spectacles or contact lenses arrive in different ways, so records should keep each stream clear.
- Stock and Inventory — Frames, lenses and consumables tie up money, and inaccurate stock records can distort margins and year-end figures.
- Equipment and Practice Costs — Testing equipment, fittings, premises costs and professional fees need to be recorded correctly, with capital and revenue treatment considered.
- Payroll and Staff Costs — Employed staff, locums and associates can be paid in different ways, which affects payroll, tax and record keeping.
- VAT on Mixed Supplies — Professional services and optical goods can have different VAT treatments, so the nature of each supply and the business circumstances matter.
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
Accountants for Opticians handle the accounting and tax work specific to optical businesses, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where relevant. That includes keeping professional income separate from sales of spectacles, contact lenses and other optical goods, and helping you understand what your figures mean.
We work with independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. Because roles and business models differ, support is tailored to how you work, how you earn income and how your business is structured.
Yes. Self-employed optometrists and locum opticians often need Self Assessment, expense records and straightforward bookkeeping, while also keeping professional income and any goods sold clearly separated. The exact requirements depend on your income sources and individual circumstances.
It depends on the practice. Common requirements include bookkeeping, annual accounts, Corporation Tax, payroll, management accounts and VAT where applicable. A practice selling spectacles and contact lenses alongside professional services may also need help tracking stock, equipment and mixed income streams accurately.
Yes. Bookkeeping keeps your records accurate and your figures easy to interpret, while Self Assessment deals with your personal tax position if you are a sole trader, partner or company director. How much is required depends on your structure and circumstances.
Sales of spectacles, contact lenses and other optical goods are business income and should be recorded separately from professional fees. The VAT treatment can differ depending on the nature of the supply and your business circumstances, so it is worth checking how each type of sale should be handled.
Sometimes. Optical businesses can supply professional services and optical goods, and these supplies may not be treated the same way for VAT. Whether you need to register and how each supply is treated depends on your turnover, the nature of the supply and your circumstances.
Get in touch and tell us about your practice or your work as an optical professional, including how the business is structured and what you need help with. We can then discuss the appropriate accounting and tax support for your situation.