Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Corsham
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Opticians and Optometrists 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, which can make the numbers harder to follow. Professional fees, product sales, stock, equipment and staff costs all behave differently, and tax treatment is not always straightforward.
- Mixed income streams — Test fees, contact lens schemes and product sales reach the records in different ways, so income needs careful tracking.
- Stock and inventory — Frames, lenses and contact lenses tie up cash and move at different rates, so stock needs consistent records.
- Equipment and professional costs — Optical equipment, calibration, professional fees and indemnity cover need separating from everyday running costs for accurate accounts.
- Payroll and practice staff — Optometrists, dispensing opticians, support staff and locum payments create payroll and contractor questions that vary with working arrangements.
- VAT on mixed supplies — Professional optical services and optical goods can be treated differently for VAT, so treatment depends on the nature of each supply.
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 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 applicable. Just as importantly, they understand how optical income, stock, equipment and product sales affect the numbers.
Support can cover independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners and limited companies running an optical business. Because roles and business models differ, the accounting requirements are usually tailored to how each person or practice earns income and is structured.
Yes. Self-employed optometrists, locums and dispensing opticians often need straightforward Self Assessment, organised records and clarity on allowable business expenses. Where someone also runs a limited company or works through a partnership, the reporting requirements differ, so the right approach depends on individual circumstances.
There is no single answer. A practice selling spectacles and contact lenses may need stock and VAT support alongside bookkeeping and payroll, while others mainly need annual accounts and tax planning. Services are matched to the practice rather than assumed, and requirements can change as the business grows or restructures.
They are usually treated as trading stock and sales, so purchases, stock levels and income need consistent recording. VAT treatment is not automatic: professional optical services and optical goods can be treated differently, and the position depends on the nature of each supply and the circumstances of the business.
VAT registration depends on turnover and the supplies being made, so not every optical business is registered. Where VAT applies, professional services and goods such as spectacles or contact lenses can be treated differently. The correct position depends on the specific supplies made and the circumstances of the business.
Payroll support can cover optometrists, dispensing opticians, reception and support staff, including the administration that comes with wages and deductions. Payments to locums and contractors can raise different questions again, so how these are treated depends on the arrangement in place.
Yes, moving accountants is usually straightforward. Records are transferred, and the timing of any change is planned around your accounting period and filing deadlines. It helps to have up-to-date information on your business structure, income and outstanding filings when you get in touch.