Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Cumnor
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Opticians, Optometrists and Optical Businesses 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 often mix professional services with retail sales, which can make record keeping and tax reporting more involved than for a business with a single income stream. The following areas commonly need extra attention.
- Mixed income streams — Professional examination fees, spectacle sales, contact lens supply and repairs may need separate tracking for accurate accounts and tax reporting.
- Stock and inventory — Frames, lenses, contact lenses and consumables tie up cash, so stock levels and purchases need careful recording throughout the year.
- Equipment and practice costs — Diagnostic instruments, testing equipment, premises costs and professional indemnity cover all affect allowable expenses and cash flow planning.
- Payroll and staff — Employed optometrists, dispensing opticians and support staff bring PAYE, pension and contractor payment considerations that need consistent handling.
- VAT on mixed supplies — Different optical supplies can have different VAT treatments, so it is worth confirming the position based 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 look after the accounting and tax affairs of optical professionals and businesses, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where applicable, along with guidance on business structure, expenses and financial record keeping.
Support can cover self-employed optometrists, dispensing opticians, locums, independent opticians, practice owners, partnerships and limited companies. The exact services depend on how the professional or business operates, earns income and is structured, so the right approach varies from case to case.
Yes. Self-employed optometrists, dispensing opticians and locum professionals typically need Self Assessment support, help with allowable expenses and clear records for income received from practices, patients or contractors. What can be claimed depends on individual circumstances.
Most need bookkeeping, annual accounts and Corporation Tax support, and often payroll for practice staff. Stock recording, expense tracking, management accounts and VAT support may also be relevant. The right combination depends on the size, structure and activities of the practice.
Frames, lenses, contact lenses and consumables should be recorded consistently as purchases and reconciled against stock levels, while equipment, premises costs and professional fees are typically recorded as business expenses where they meet the relevant rules for your circumstances.
It depends on turnover and the nature of the supplies. Professional optical services and the sale of spectacles, contact lenses and other optical goods can be treated differently for VAT, so the position should be reviewed based on the specific supplies made and the circumstances of the business.
Yes. Payroll support can cover employed optometrists, dispensing opticians, reception and support staff, including PAYE, pension administration considerations and payslips, with arrangements shaped around the staffing model your practice uses.
Switching accountants is usually straightforward. You would typically share details of your current arrangements so the handover can be managed properly, and CruseBurke can take on the relevant accounting and tax work from an agreed point onwards.