Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Cattedown Plymouth
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Opticians, Optometrists and Optical 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. A practice may combine professional eye care with the sale of spectacles and contact lenses, hold stock and equipment, and employ staff, making the accounting more involved than a simple service business.
- Mixed income streams — professional fees, spectacles and contact lenses often need separate recording so margins can be reviewed clearly.
- Stock and inventory — frames, lenses and contact lenses tie up cash, so stock levels and supplier invoices need consistent tracking.
- Equipment and practice costs — optical equipment, premises and professional expenses need to be recorded and claimed with the right supporting detail.
- Payroll and staff — employed optometrists, dispensing opticians, support staff and any contractors all create their own payroll, tax and reporting obligations.
- VAT on mixed supplies — professional services and optical goods may be treated differently, so the position depends on the supply and the business.
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 day-to-day 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. They also help keep records for professional income, spectacles, contact lenses and stock in good order.
They can support independent opticians, practice owners, self-employed and employed optometrists, dispensing opticians, locum professionals and limited companies running optical businesses. The right support depends on how you work, how you earn income and whether you operate as a sole trader, a partnership or a limited company.
Yes. Self-employed optometrists, locum opticians and dispensing opticians often have several income sources, travel between settings and claim business expenses, so clear records and accurate Self Assessment reporting matter. The treatment depends on your circumstances and how the work is arranged.
That varies. Many practices need bookkeeping, payroll, annual accounts and Corporation Tax support, while owners may also need management accounts, tax planning and VAT support where it applies. A dispensing optician working alone may only need Self Assessment and straightforward record keeping.
Yes. Bookkeeping keeps income from professional fees, spectacles and contact lenses together with stock, equipment and premises costs in one place, which makes Self Assessment or company reporting far simpler. What needs recording depends on your structure and your income sources.
Frames, lenses, contact lenses and accessories should be tracked so you can see what is selling and what is tying up cash. Equipment, premises, insurance and professional costs need supporting records too. Which costs can be claimed depends on the nature of the expense and your circumstances.
VAT can apply to optical businesses, but the treatment is not uniform. Professional optical services and the supply of goods such as spectacles and contact lenses can be treated differently, and registration depends on taxable turnover and the specific supplies made. It is worth taking advice on your own position.
Yes. Switching is usually straightforward, and the focus is on gathering your records and understanding your optical business so support continues without gaps. It helps to have recent accounts, tax returns and bookkeeping information ready when you get in touch.