Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Cannock
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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-style sales, and that mix makes the financial records more complicated than many people expect. Stock, equipment, staff costs and several income streams all need recording properly.
- Separating income streams — Professional fees, spectacle sales, contact lens supply and locum work often need tracking separately for accurate reporting.
- Stock and inventory control — Frame, lens and solution stock ties up cash and needs consistent records to match purchases with sales.
- Equipment and professional expenses — Test equipment, diagnostic instruments and continuing professional development costs need careful recording for accurate claims.
- VAT on mixed supplies — Professional services and optical goods can be treated differently for VAT, so records should distinguish between supplies.
- Payroll and practice costs — Wages for optical assistants and optometrists, plus rent, utilities and insurance, all affect cash flow.
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 that optical professionals and practices need, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where it applies. Because optical businesses often combine professional services with the sale of spectacles, contact lenses and other goods, records need to reflect both sides of the business.
Support can be tailored to independent opticians, optometrists, dispensing opticians, self-employed locums, practice partners and limited companies running optical businesses. Roles and business models differ, so the accounting needs of a sole trader providing clinical services are not the same as those of a practice employing staff and selling optical goods.
Yes. Self-employed optometrists, locums and dispensing opticians often need help with Self Assessment, record keeping and expenses, particularly where income comes from more than one practice or a mix of clinical sessions and product sales. Keeping clear records through the year generally makes the return simpler.
It depends on the practice. Bookkeeping, annual accounts, Corporation Tax, payroll and management accounts are common for incorporated practices, while unincorporated ones often focus on Self Assessment and partnership returns. Stock recording, expense tracking and VAT support may also be relevant, depending on income streams and how the business is structured.
They are usually treated as trading stock or goods sold, so purchases, stock on hand at the year end and sales all need recording consistently. Accurate stock figures affect reported profit, so it is worth keeping supplier invoices and inventory records organised through the year rather than trying to reconstruct them later.
Some do, and it is not always straightforward. Optical businesses can supply professional services and optical goods, and these supplies may be treated differently for VAT, so the position depends on the nature of each supply and the circumstances of the business. Registration thresholds and exemptions can also be relevant, which is why specific advice matters.
Yes, switching is usually more straightforward than people expect. It helps to have recent accounts, tax returns and bookkeeping records available so the handover is clean and any approaching deadlines are identified early. Once the transition is complete, support continues around your practice.
Get in touch with CruseBurke and tell us how you work, whether as a self-employed optometrist, a dispensing optician, a partner or a limited company practice. We can then discuss which services are relevant, what information is needed and how ongoing support would work for your circumstances.