Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Crewkerne
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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 professional eye care with the retail side of supplying spectacles and contact lenses, so the accounts often have to reflect several kinds of income, cost and tax treatment at the same time.
- Mixed income streams – professional eye examinations, dispensing fees, spectacle sales and contact lens supply may all need separating in your records.
- Stock and inventory – frames, lenses, contact lenses and consumables tie up cash and need accurate records for margins and year-end valuations.
- Equipment and professional expenses – test equipment, diagnostic instruments, fitting tools and maintenance costs need to be treated correctly in the accounts.
- Premises and practice costs – rent, business rates, utilities and consulting or fitting rooms are significant outgoings that need careful tracking and appropriate treatment.
- VAT on mixed supplies – professional services and optical goods can fall under different VAT treatments, so the nature of each supply 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
Accountants for Opticians handle the day-to-day financial side of an optical business, including bookkeeping, annual accounts, tax returns and payroll. Because optical practices earn professional fees and sell goods such as spectacles and contact lenses, the work often involves separating income streams and considering how VAT applies to each type of supply.
Support is available for independent opticians, optometrists, dispensing opticians, self-employed and locum optical professionals, practice owners, partnerships and limited companies. The right approach depends on how you trade and earn income, so sole traders with straightforward affairs and practices with staff, stock and premises are handled differently.
Yes. Self-employed optometrists, locum opticians and dispensing opticians often work across several practices, which makes accurate record keeping important. We help organise income and expenses, then prepare Self Assessment returns based on those records. The exact tax position always depends on your individual circumstances.
It varies. Many practices need bookkeeping, annual accounts, payroll and help with Self Assessment or Corporation Tax, depending on whether they trade as a sole trader, partnership or limited company. Management accounts, VAT support and tax planning may also be relevant, particularly where the practice holds significant stock or equipment.
Yes. Limited company optical practices need annual accounts and a Corporation Tax return each year. We prepare these from your records, taking into account professional income, optical goods, stock valuations, equipment and business expenses, so the filings are accurate and submitted on time.
Spectacles, lenses and contact lenses are goods sold by the practice, so they normally form part of trading stock and turnover rather than professional fees. Keeping those sales separate from examination and dispensing income gives a clearer picture of margins, and it can also matter for VAT depending on the nature of each supply.
Possibly. Optical businesses can have different VAT considerations because professional services and optical goods are not necessarily treated the same way. Whether registration is required, and how each supply should be treated, depends on the nature of the supply, your turnover and your individual circumstances, so it is worth reviewing properly.
Yes, switching is usually straightforward. We can review your current records, identify anything outstanding such as overdue returns or unfinished accounts, and take over the ongoing work. It helps to have your latest accounts, tax returns and bookkeeping records available so the transition is smooth.