Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Crediton
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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 blend clinical work with retail, which means income, costs and stock rarely sit in one tidy category. Add equipment, premises, staff and varying VAT treatment on different supplies, and the bookkeeping can quickly become more involved than expected.
- Mixed income streams: professional fees, retail sales and private work arrive separately, so records must keep each stream distinct.
- Stock and inventory: frames, lenses and contact lenses need accurate stock records, as slow-moving lines can quietly tie up cash.
- Equipment and professional costs: testing equipment and instruments may be deductible, but treatment depends on the item and how it is used.
- VAT on mixed supplies: professional services and goods such as spectacles can be treated differently, so VAT needs reviewing rather than assuming.
- Payroll and subcontractors: practice staff, locums and associates may be engaged differently, so getting employment status right matters.
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 financial administration of optical work, including bookkeeping, annual accounts, Self Assessment, payroll and tax planning. Because optical businesses often combine professional services with the sale of spectacles, contact lenses and other goods, the work involves understanding both sides of the business and how each is recorded.
Support can be tailored to independent opticians, optometrists, dispensing opticians, self-employed optical professionals, practice owners, partnerships and limited companies. The right approach depends on how you trade, how you earn income and whether you supply optical goods alongside professional services, so the service mix varies from one business to the next.
Yes. Sole traders and partners typically need help with Self Assessment, record keeping and claiming allowable expenses such as equipment, professional fees and practice costs. If your circumstances change, for example moving into a limited company, the accounting and tax position can change too, so it is worth reviewing regularly.
It varies. Many practices need bookkeeping, annual accounts, Corporation Tax, payroll and management accounts, while others need VAT support or help reviewing their business structure. The appropriate service mix depends on your income streams, staffing, stock levels and how the practice is set up, so not every practice requires everything.
Stock such as frames, lenses and contact lenses should be recorded accurately, with purchases and sales matched to the right period. Business expenses need to be genuinely for the practice and supported by records. Equipment, premises costs and professional expenses may qualify for relief, but the treatment depends on the item and your circumstances.
Possibly. VAT treatment depends on the nature of each supply and the circumstances of the business. Professional optical services and the supply of goods such as spectacles and contact lenses can be treated differently, and registration thresholds and exemptions vary. It is worth reviewing your position rather than assuming a single answer applies.
Yes. Payroll support can cover practice staff, reception and retail teams, and it can also look at how locums, associates and subcontractors are engaged. Employment status and the way people are paid can affect tax and record keeping, so these arrangements are usually worth reviewing before they cause problems.
Yes, switching is usually straightforward. We can review your current records, identify what needs to be transferred and agree how ongoing support should work. Timelines depend on your year end, any outstanding filings and how your records are currently kept, so it helps to plan ahead where deadlines are close.