Specialist Accountants for Opticians & Optometrists
Accountants for Opticians in Devizes
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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 combine clinical work with retail, so the numbers rarely sit neatly in one category. Professional fees, spectacle sales, contact lens schemes, stock and equipment all carry their own accounting and tax considerations.
- Mixed Income Streams: Eye examinations, dispensing and contact lens schemes may be recorded differently, which complicates reporting and profit analysis.
- Stock and Inventory: Spectacle frames, lenses and contact lens stock tie up cash and need accurate records for margins and year-end valuations.
- Equipment and Practice Costs: Optical equipment, testing room fittings, premises costs and professional fees need correct treatment and clear supporting records.
- VAT on Mixed Supplies: Professional services and optical goods can fall under different VAT rules, so treatment depends on the nature of each supply.
- Payroll and Structure: Employed optometrists, dispensing opticians, support staff and associate arrangements all affect payroll, tax and how the business should be structured.
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 accounting and tax work behind an optical business, including bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where it applies. Because optical practices often mix professional services with the sale of spectacles and contact lenses, the work is tailored to how each business earns its income.
Support is available for self-employed optometrists and locums, dispensing opticians, independent opticians, practice owners, partnerships and limited companies. Requirements differ depending on structure, staffing and income, so services are matched to the individual professional or business rather than applied in the same way to everyone.
Yes. Sole traders and locums typically need Self Assessment, organised records of professional income and expenses, and a clear view of tax due across the year. Where that work is combined with practice ownership or other income, it can be brought into the same picture.
It varies. Common requirements include bookkeeping, annual accounts, Corporation Tax, payroll for optometrists and support staff, management accounts and VAT support. Practices with significant stock, equipment or multiple income streams often need more detailed records than a single self-employed practitioner.
Spectacle frames, lenses and contact lens stock should be tracked with purchases, sales and closing stock values so margins and year-end figures are accurate. Equipment, premises costs, professional fees and training can often be claimed where they are genuinely for the business, although treatment depends on the specific expense.
They may. Professional optical services and the supply of optical goods such as spectacles and contact lenses can have different VAT treatments, and the position depends on the nature of each supply and the circumstances of the business. Registration thresholds and liability should be reviewed individually.
Yes. Practice payroll may include employed optometrists, dispensing opticians, optical assistants and admin staff, each with different pay arrangements. Payroll can be handled alongside pensions, PAYE reporting and, where relevant, payments to associates or contractors, so records stay consistent.
Yes, switching is usually straightforward. We can review your current position, identify what needs to be brought up to date and take over the ongoing work. It helps to have recent accounts, tax returns and bookkeeping records available so the handover runs smoothly.